Spirit Airlines shares are trading higher after JetBlue and Allegiant announced a divestiture agreement in connection with the JetBlue-Spirit combination.
Portfolio Pulse from Bill Haddad
Spirit Airlines' shares are trading higher following the announcement of a divestiture agreement between JetBlue and Allegiant, related to the JetBlue-Spirit combination.
September 11, 2023 | 6:12 pm
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Spirit Airlines' stock is trading higher due to the divestiture agreement between JetBlue and Allegiant, which is connected to the JetBlue-Spirit combination.
The divestiture agreement between JetBlue and Allegiant, which is related to the JetBlue-Spirit combination, has led to an increase in Spirit Airlines' stock. This is because the agreement could potentially reduce competition, leading to increased market share and profitability for Spirit Airlines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100