JetBlue Airways

Earnings next week 🚀

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The planned M&A deal between JetBlue ($JBLU (+2,24 %) ) and Spirit Airlines ($SAVE ) in the amount of 3.8 billion US dollars has been ruled by a US judge due to concerns about competition prohibited.

The decision of the US federal judge
William Young found that the planned merger would impair competition in the US aviation market. affect and increase ticket prices could increase ticket prices. Per Reuters.

With United ($UAL (+0,63 %) ), American ($AAL (+0,92 %)
), JetBlue ($JBLU (+2,24 %) ) and other airlines, it is more expensive to check baggage at the airport than the service online in advance. This year, the airlines have increased the baggage fees to cover increased costs to compensate for increased costs.

One exception among the major US airlines is Southwest Airlines ($LUV (+0,98 %) ), which allows its customers to two bags free of charge free of charge. According to Chief Operating Officer Andrew Watterson this will not change in the future.

Watterson emphasized in an interview that the airlines do not 35 or 40 US dollars to handle a piece of luggage.

A federal judge in Boston on Tuesday blocked the planned merger of Spirit Airlines ($SAVE ) and JetBlue Airways ($JBLU (+2,24 %) ) valued at 3.8 billion US dollarsr blocked.

The decision was made due to concerns regarding restrictions on competition and rising air fares, which the US Department of Justice agreed with.

The shares of Spirit Airlines plunged by 47% while those of JetBlue rose. JetBlue had already announced in July 2022 the takeover which would have created the fifth-largest airline in the USA.

The Justice Department had announced in March 2023 due to competition concerns lawsuit filed due to competition concerns. To counteract these concerns JetBlue in June 2023, JetBlue sold all Spirit shareholdings at LaGuardia Airport to Frontier
Airlines ($FNT ).

In addition JetBlue in September 2023 with Allegiant ($ALGT (+3,9 %) ) on the transfer of Spirit interests at various airports. Approval was expected before yesterday's decision in the first half of 2024.

getquin Daily Summary 28.07.2022

Hello getquin,

Fresenius is having its guidance lowered significantly due to staff shortages. Also, JetBlue is buying Spirit. Today's quarterly figures are Shell and Meta.

Europe🌍:

1. fresenius decreases forecast

Due to staff shortages and rising costs, DAX-listed Fresenius Medical Care has to significantly lower its corporate targets for the second year in a row. Parent company Fresenius is also lowering its mid-term targets and annual forecast, and FMC is completely slashing its 2025 strategy.

The company said late Wednesday night that the dialysis group now expects revenue growth for the current year to be at the lower end of its previous estimate range and net income to decline by a high double-digit percentage. Previously, FMC had expected revenue and net income growth on a constant currency basis in the low to mid single-digit percentage range.

This has a major impact on the share price: https://bit.ly/3BoZpBf

🟥 $FRE (+0,28 %) (🔼 -8,55%)

America🌏:

2. JetBlue buys Spirit for $3.8 billion

JetBlue Airways has reached an agreement to buy Spirit Airlines in a deal valued at $3.8 billion. The acquisition would create the country's fifth-largest airline and eliminate a fast-growing low-cost carrier from the market.

The deal, announced Thursday morning, caps months of a bitter bidding war for Spirit and came just hours after Spirit abandoned plans to merge with fellow low-cost carrier Frontier Airlines. Spirit lacked shareholder support to win approval for the merger with Frontier Airlines, which was first unveiled in February.

More on the deal: https://cnb.cx/3PZsOG9

🟩 $JBLU (+2,24 %) (🔼 -4,1%)

🟩 $SAVE (🔼 +2,87%)

Quarterly figures:

Meta
$META (-2,33 %)

Feeling the impact of falling global advertising spending, Facebook owner Meta admitted its first revenue decline since going public in 2012. The IT company said Wednesday that second-quarter revenue fell slightly by 1% to $28.8 billion (28.18 billion euros). The revenue thus fell short of analysts' forecasts, who had already predicted a difficult quarter in the wake of Snap and Twitter's troubles. In after-hours trading, the share price fell by around 5%. This also had something to do with the depressed mood.

EPS: 🟥 $2.55 expected vs $2.46 published; difference: -3.60%.

Sales: 🟥 $28.95 billion expected vs $28.82 billion published; Difference: -0.45 %

Shell
$SHEL (+1,6 %)

EPS: 🟩 $2.80 expected vs $3.08 published; difference: 9.91 %.

Sales: 🟩 $82.30 billion expected vs $100.06 billion published; difference: 21.58%

Stocks of the day:

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Time: 17:00 CEST

Fun Fact:

The Great Wall of China is 21,196 km long.

The first commercial text message was sent in December 1992 and it was "Merry Christmas"!

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 16.05.2022

Hello getquin,

McDonald's leaves Russia, crypto-friendly president and JetBlue makes takeover bid.

𝗘𝘂𝗿𝗼𝗽𝗮/𝗔𝘀𝗶𝗲𝗻 🌍🌏:

1. 𝘔𝘤𝘋𝘰𝘯𝘢𝘭𝘥'𝘴 𝘷𝘦𝘳𝘭ä𝘴𝘴𝘵 𝘙𝘶𝘴𝘴𝘭𝘢𝘯𝘥

After 32 years in Russia, McDonald's has $MCD (-0,16 %) announced that it will exit Russia and sell its 847 restaurants to local buyers. Last year, McDonald's generated. $MCD (-0,16 %) about 9% ($2 billion) of its sales in Russia and Ukraine. The move joins a number of other Western companies that are pulling out of Russia following the invasion of Ukraine.

🟥$MCD (-0,16 %) McDonald's Corp, (🔽 -0.86%)

More on the topic? https://reut.rs/3PnOJrf

𝗔𝘀𝗶𝗲𝗻🌏:

2. 𝘚ü𝘥𝘬𝘰𝘳𝘦𝘢𝘴 𝘯𝘦𝘶𝘦𝘳 𝘬𝘳𝘺𝘱𝘵𝘰𝘧𝘳𝘦𝘶𝘯𝘥𝘭𝘪𝘤𝘩𝘦𝘳 𝘗𝘳ä𝘴𝘪𝘥𝘦𝘯𝘵 𝘣𝘦𝘬𝘰𝘮𝘮𝘵 𝘎𝘦𝘨𝘦𝘯𝘸𝘪𝘯𝘥

South Korea's 🇰🇷 new president, Yoon Suk-Yeol, has promised to implement a number of crypto-friendly measures. One of these was to raise the tax threshold for crypto investment gains to 50 million won (about $39,000 or EUR37.4,000). However, the National Assembly Research Service (NARS) of South Korea has stated that this limit should be as low as 2.5 million won (just under $2,000) and a 20% tax rate. South Korea is one of the most crypto-active countries in the world, with about 10% of the population using cryptocurrency.

🟥 $BTC (-0,23 %) ((🔽-5.93%)

South Korea the new crypto tax haven? https://tcrn.ch/3yAUImB

𝗔𝗺𝗲𝗿𝗶𝗸𝗮🌎:

3. 𝘑𝘦𝘵𝘉𝘭𝘶𝘦 𝘭𝘦𝘨𝘵 Ü𝘣𝘦𝘳𝘯𝘢𝘩𝘮𝘦𝘢𝘯𝘨𝘦𝘣𝘰𝘵 𝘧ü𝘳 𝘚𝘱𝘪𝘳𝘪𝘵 𝘈𝘪𝘳𝘭𝘪𝘯𝘦𝘴 𝘷𝘰𝘳

JetBlue Airways $JBLU (+2,24 %) has made a takeover bid for Spirit Airlines $SAVE after the latter rejected a cash offer of $33 per share earlier this month. At Friday's closing price for $SAVE this would have represented a 94% premium. Spirit reportedly rejected that offer as it plans to merge with Frontier. JetBlue has offered Spirit shareholders $30 per share if they vote against the Frontier deal. Following the news, Spirit shares are up over 10% in pre-market trading

🟥 $JBLU (+2,24 %) Jetblue Airways Corp (🔽-5.27%)

🟩 $SAVE Spirit Airlines Inc (🔼+10.08%)

Is the offer taking off? https://cnb.cx/3NeSbm7

𝗦𝘁𝗼𝗰𝗸𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆🔔:

🟩 TOP, $SAVE Spirit Airlines Inc (🔼+10.08%).

🟥 FLOP, $VLA (+1,28 %) Valneva (🔽-19.61%)

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Did you know that Ronald Wayne, the third co-founder of Apple, along with Steve Wozniak and Steve Jobs, sold his 10% stake in the company for $800 in 1976? Today, his 10% would be worth $35 billion.

Hello