JetBlue's (JBLU) Hostile Bid For Spirit (SAVE)

JetBlue (JBLU) has made a hostile bid for Spirit Airlines (SAVE). Caleb Silver discusses how this combo would make the fifth-largest carrier, but SAVE is concerned about regulatory information. He talks about how this relates to the Frontier Group (ULCC) deal with SAVE which JBLU urges its shareholders to vote against. He then goes over the chances that JBLU’s takeover of SAVE is successful, as well as the outlook for the airline industry. Tune in to find out more.

Trading 360

16 May 2022

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