Jetblue Airways Corp

NASDAQ:JBLU  
8.68
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Earnings Announcements

Spirit Airlines Announces Amended Merger Agreement With Frontier, Including Increased Per-Share Cash Consideration And $350 Mln Reverse Termination Fee

Published: 06/24/2022 21:41 GMT
Jetblue Airways Corp (JBLU) - Spirit Airlines Announces Amended Merger Agreement With Frontier, Including Increased Per-share Cash Consideration and $350 Million Reverse Termination Fee.
Spirit Airlines Inc - Engaged in Extensive Discussions With Jetblue.
Spirit Airlines Inc - Frontier Will Increase Per-share Cash Consideration Payable to Spirit Stockholders to $4.13 in Cash.
Spirit Airlines Inc - Spirit Board of Directors Determined Jetblue's Offer is Not a Superior Proposal.
Spirit Airlines Inc - Spirit Board of Directors Reiterates Recommendation That Spirit Stockholders Adopt Merger Agreement With Frontier.
Spirit Airlines - Board Believes Merger With Frontier is Most Financially and Strategically Compelling Path Forward for Spirit Stockholders.
Spirit - Spirit Stockholders Will Receive Benefit of a Near-term Cash Dividend Following Approval of Transaction at Special Meeting on June 30, 2022.
Spirit Airlines Inc - Under Revised Terms of Frontier Merger Agreement, Pro Forma Value to Spirit Stockholders by 2024 Could Exceed $50 per Share.
Spirit Airlines Inc - Under the Revised Terms of the Frontier Merger Agreement, Expects Realization of $500 Million in Annual Net Operating Synergies.
Revenue is expected to be $2.5 Billion
Adjusted EPS is expected to be $0.22

Next Quarter Revenue Guidance is expected to be $2.4 Billion
Next Quarter EPS Guidance is expected to be $0.16

More details on our Analysts Page.