SAVE News & Events

Spirit up 2% to $38.28 after FTC announces divestments for buyout

Transportation Secretary Sean Duffy announced that he will be reducing flight capacity by 10% at 40 major airports starting on Friday morning. ""As we slice the data more granularly, we are seeing pressures build in a way that we don't feel if we allow it to go unchecked will allow us to continue to tell the public that we operate the safest airline system in the world," Federal Aviation Administration Administrator Bryan Bedford added a press conference. Publicly traded companies in the airline space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines - Use FLYY (SAVE) and United Airlines (UAL).

The Federal Aviation Administration, FAA, had delayed flights at airports such as Reagan Washington National and Newark Liberty International Airport for the third consecutive day as the agency faces higher-than-normal staffing shortages, David Shepardson of Reuters reports. Nearly 3,000 flights were delayed by 5:30 PM ET on Wednesday after 10,000 delays between Monday and Tuesday. Thousands of the delays were tied to the FAA slowing flights due to air traffic controller absences across the country as the government shutdown reaches its eighth day. Publicly traded companies in the space include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines - Use FLYY (SAVE) and United Airlines (UAL).

Publicly traded airlines include Alaska Air (ALK), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).