Raymond James Managing Director Savi Syth sits down with Yahoo Finance Live to break down the labor obstacles the airline industry is taking on ahead of the summer travel demand, including staffing shortages and pilot training programs as pilots negotiate wages.
NEW YORK, June 24, 2022--JetBlue Comments on Frontier-Spirit Announcement
Shares of Spirit Airlines (NYSE: SAVE) rose 12% in the week through the close of trading on Thursday. The move comes in response to JetBlue Airways increasing its offer to buy Spirit for a total consideration of $33.50 per share in cash. JetBlue believes its offer trumps Frontier Airlines' earlier bid, not least as it implies a 67.6% premium to Frontier's offer of $19.99 per share as of June 17.