JetBlue Agrees to Acquire Spirit; Southwest Eliminates Expiration Dates on Flight Credits

 

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July 29, 2022 JetBlue Agrees to Acquire Spirit By Donna M. Airoldi JetBlue and Spirit Airlines have signed a merger agreement for the former to take over the low-cost carrier for $3.8 billion, the airlines announced Thursday. The deal comes one day after Spirit and Frontier Airlines called off their merger agreement. JetBlue and Frontier had been vying for Spirit since April. If approved, the deal will create the fifth-largest airline in the United States. Keep Reading Southwest Eliminates Flight Credit Expiration Dates Southwest Airlines has eliminated the expiration date on all Southwest flight credits, the carrier announced Thursday. The change applies to all flight credits unexpired on or created on or after July 28, 2022. Previously, flight credits would have expired 12 months after the purchase date. Keep Reading Hertz: Q2 Corp. Volume at 70 Percent of 2019 Levels Hertz Global Holdings' second-quarter corporate business volume reached about 70 percent of 2019 levels, company CFO Kenny Cheung said during a Thursday earnings call. Keep Reading New Chief Product Officer, CFO to Join Sabre Sabre Corp. next month will get new chief product and chief financial officers, as the executives currently in those positions will leave the company. Keep Reading 72.1% Projected recovery for the full-year 2022 number of U.S. meetings as compared with the 2019 figure, according to Knowland, up from a 58.3 percent forecast in April. Check It Out Air France to Add Nonstop Newark-Paris Service Air France plans to add a nonstop daily flight between Newark Liberty International Airport and Paris Charles de Gaulle Airport beginning Dec. 12, the carrier announced Thursday. Keep Reading 100 Lighting Way Secaucus, New Jersey, USA 07094

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