"Spirit Airlines' Bullish Q4 Guidance and JetBlue Deal Appeal Propel Share Rebound"
TL;DR Summary
Spirit Airlines issues bullish Q4 guidance, expecting revenues of $1.32 billion due to strong holiday bookings, with improved operating expenses and completion factor. Disagrees with U.S. District Court's verdict blocking $3.8-billion deal with JetBlue Airways, citing competition concerns, and plans to appeal. Zacks Rank #3 (Hold) for SAVE, while better-ranked stocks in the airline industry include Copa Holdings and American Airlines.
- Spirit (SAVE) Issues Bullish Q4 Guidance, Backs JBLU Deal Yahoo Finance
- Spirit Airlines shares extend rebound after it appeals ruling blocking JetBlue merger CNBC
- Spirit Airlines shares set to continue rebound, says T.D. Cowen MarketWatch
- Editorial: Spirit Airlines brings down airfares. But only if it stays in business. Chicago Tribune
- Editorial: The US Government’s Wrong Thinking On Airline Competition Aviation Week
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