Company Of The Day: JetBlue
What?
JetBlue Airways (NYSE:JBLU) intends to launch a hostile takeover attempt for Spirit Airlines, a budget carrier, per a report from The Wall Street Journal. The move comes after Spirit rejected a $3.6 billion offer from JetBlue.
Why?
- Forecast Of The Day: JetBlue’s Passenger Yield
- JetBlue Stock Looks Unlikely To Bounce Soon After 17% Fall Last Month
- Will Odds Return In Favor Of JetBlue Airways Stock?
- Is JetBlue Airways Stock Poised For Strong Gains?
- Will The Tide Turn For JetBlue Airways Stock?
- Will The Momentum Continue In JetBlue Airways Stock?
JetBlue is looking to deal directly with Spirit’s shareholders via a tender offer, likely hoping that it could put pressure on Spirit’s management to come back to the negotiating table.
So What?
JetBlue stock declined almost 6% in Monday’s trading.
See Our Complete Analysis For JetBlue
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| Returns | May 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| JBLU Return | -14% | -34% | -58% |
| S&P 500 Return | -3% | -16% | 79% |
| Trefis Multi-Strategy Portfolio | -6% | -22% | 208% |
[1] Month-to-date and year-to-date as of 5/17/2022
[2] Cumulative total returns since the end of 2016
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