-
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%.…
-
Delta Air Lines Reports Stellar Summer Results Amid Fuel Price Challenges
Delta Air Lines, a major player in the aviation sector, has recently shared its financial achievements and forecasts in light of the summer’s strong travel demand, and the third quarter showcased an impressive jump in the airline’s profit, nearly 60%, primarily driven by a surge in international trips. While the industry battled fluctuating fuel prices,…