All Spirit Airlines articles – Page 2
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Airline BusinessSpirit Airlines on track for greater Q1 loss than expected
US discounter Spirit Airlines is bracing for a greater first-quarter loss than previously anticipated due to how it is accounting for $150-$200 million in compensation from Pratt & Whitney (P&W) for its grounded Airbus A320neo-family aircraft.
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NewsSpirit defers acquisition of new Airbus jets and plans pilot furloughs
Financially troubled US discounter Spirit Airlines has hauled back its fleet-expansion plans by deferring delivery of new Airbus A320neo-family jets previously scheduled for delivery between the second quarter of 2025 and end-2026.
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NewsSpirit Airlines to receive $150-200m from P&W for geared turbofan troubles
Spirit Airlines has secured a compensation package from Pratt & Whitney (P&W) valued between $150 million and $200 million for the grounding of “nearly all” the PW1100G-powered Airbus A320neos in its fleet.
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NewsFAA set to fine Spirit Airlines over hazardous materials mishandling
The US Federal Aviation Administration has proposed fining Spirit Airlines $146,500 after employees allegedly mishandled hazardous materials, thus violating US Department of Transportation (DOT) regulations.
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NewsJetBlue trims ‘unprofitable’ routes from network in bid for stability
JetBlue Airways is cutting “unprofitable” routes across its network in an attempt to boost its financial performance in the absence of the carrier’s recently deceased deal to acquire Spirit Airlines.
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NewsSpirit pushes back on ‘misguided narrative’ about stability without JetBlue
Spirit Airlines executives maintain that the company has the financial resources necessary to succeed in the absence of a tie-up with JetBlue Airways.
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Airline BusinessJetBlue slows aircraft delivery schedule as it expects no growth in 2024
Growth will be constrained for US carrier JetBlue Airways throughout 2024 as it expects double-digit numbers of Airbus A320s to be grounded for geared turbofan (GTF) engine inspections.
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NewsJetBlue appoints Warren Christie as new chief operating officer
US carrier JetBlue Airways plans to replace chief operating officer Joanna Geraghty with long-time executive Warren Christie when Geraghty assumes leadership of the company on 12 February.
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NewsJetBlue's deal to acquire Spirit set expire in two days
JetBlue Airways’ agreement to acquire Spirit Airlines is set to expire on 28 January, creating further uncertainty about a proposed combination that has already been shot down by a US judge.
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NewsSpirit and JetBlue appeal court ruling blocking acquisition
JetBlue and Spirit Airlines are appealing the court ruling earlier this week that denied the airlines’ $3.8 billion tie-up.
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NewsSpirit working to steady itself after JetBlue deal is blocked
Following a US judge’s decision to block JetBlue Airways’ acquisition of rival low-cost carrier Spirit Airlines, Spirit has told investors that it is moving to shore up its financial position.
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Airline BusinessWhat next for JetBlue and Spirit after collapse of deal?
Whatever comes next, the court’s assertion that the ruling represents a “victory for consumers” will be tested
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Airline BusinessSpirit at risk of bankruptcy and liquidation as JetBlue deal falls through: TD Cowen
In the wake of a US judge’s decision to block JetBlue Airways’ attempted acquisition of Spirit Airlines, it is unclear how the respective low-cost carriers will chart paths forward.
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NewsUS court blocks JetBlue’s acquisition of Spirit
A US district court ruled on 16 January that JetBlue Airways’ proposed $3.8 billion acquisition of rival low-cost carrier Spirit Airlines cannot proceed, blocking the deal on anti-competitive grounds.
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NewsJetBlue lost $153m in Q3 as air-travel demand failed to keep up
Operational troubles and too many seats in the USA pushed JetBlue Airways to a $153 million loss in the third quarter of 2023, prompting the airline to trim its capacity.
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NewsSpirit Airlines posts ‘disappointing’ third-quarter results on price weakness
Spirit Airlines lost $158 million in the third quarter of 2023 as the carrier experienced price weakness in its core markets.
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NewsSpirit grounded A320s for airframe bracket inspections: FAA
The inspections that recently grounded 25 Spirit Airlines’ jets and caused dozens of flight cancellations across the carrier’s network involve potential fatigue cracking around airframe brackets on Airbus A320-family aircraft.
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NewsSpirit cancels dozens of flights to inspect 25 A320-family jets
The Florida-based carrier asserts that the cancellations are related to inspecting “a small section” of its aircraft, and that it is working to make arrangements for affected customers.
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NewsCourt trial in US government’s JetBlue-Spirit case delayed
JetBlue Airways will defend its proposed $3.8 billion acquisition of Spirit Airlines in US district court one week later than expected.
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NewsAmerican appeals court ruling against collaboration with JetBlue
American Airlines has appealed a court ruling that struck down its so-called ”Northeast Alliance” (NEA) with JetBlue Airways, the Fort Worth-based airline said on 25 September.