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JetBlue Faces Tough Skies as Stock Plummets and Antitrust Trial Over Spirit Acquisition Begins
JetBlue Airways saw its stock take a nosedive to a near 12-year low on Tuesday, coinciding with the start of its antitrust trial to defend its acquisition of budget carrier Spirit Airlines. The airline’s shares fell by 15% to approximately $3.55 each during early trading, while shares of Spirit Airlines also dropped by about 10%.…
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Southwest Airlines Adjusts Growth Plans Amid Shift in Travel Demand
In a move reflective of the evolving landscape of the aviation industry, Southwest Airlines announced on Thursday its decision to scale back its capacity growth for the upcoming year. The airline cited a moderation in travel demand and a return to pre-pandemic booking patterns as the primary reasons behind this strategic adjustment. Southwest’s new plan…