JetBlue wins a bid to acquire Spirit Airlines’ LaGuardia Airport slots for $58.5 million, according to reports from multiple outlets. The winning price is below Spirit’s own estimate for the value of the slots, which one source places at $86.7 million. JetBlue’s acquisition is tied to use of the former Marine Air Terminal, described as abandoned, and the deal is expected to support additional service at LaGuardia. One outlet reports the transaction could result in as many as 12 additional daily departures, depending on how JetBlue integrates the slots into its schedules and operations. Another source characterizes the move as a strategic effort to expand routes and improve profitability by adding capacity where LaGuardia slot holdings can be used to grow service. While one report notes that JetBlue previously indicated LaGuardia is too expensive to operate profitably, the same coverage describes the company moving forward with the purchase. Across the accounts, the key point is that JetBlue secures 22 “ex-Spirit” slots at LaGuardia in a deal valued at $58.5 million, with expected operational expansion following the acquisition.
JetBlue wins Spirit’s LaGuardia slots for $58.5 million, taking over the Marine Air Terminal
JetBlue wins a bid to acquire Spirit Airlines’ LaGuardia Airport slots for $58.5 million, according to reports from multiple outlets. The winning price is below Spirit’s own estimate for the value of...
- JetBlue wins the bid for Spirit’s LaGuardia slots for $58.5 million.
- The reported winning bid ($58.5 million) is below Spirit’s valuation estimate of $86.7 million.
- JetBlue’s acquisition involves the former or abandoned Marine Air Terminal at LaGuardia.
- The slots are expected to add additional daily departures, reported as up to about 12.
- The deal is described as supporting JetBlue’s route expansion and profitability goals.
JetBlue eyes a strategic move to the Marine Air Terminal, aiming to boost profitability and route expansion.
8 hours agoJetBlue submitted the $58.5 million high bid for Spirit’s LaGuardia slots, potentially adding 12 daily departures and taking over the abandoned Marine Air Terminal—even after saying the airport is too expensive to operate profitably.
13 hours agoJetBlue’s winning bid comes in well below Spirit's $86.7 million valuation of its LaGuardia slots.
15 hours ago
Israel builds long earth barrier inside Gaza through demolished Palestinian communities
Multiple reports say Israel is constructing a long earth barrier inside Gaza, with construction continuing over recent m...
EU fines AliExpress €550 million for allowing illegal, unsafe and counterfeit goods
The European Commission fines AliExpress €550 million ($629 million) for failing to prevent the sale of illegal products...
Expert urges homeowners to strengthen home security before traveling
Multiple reports describe guidance from a security expert on making homes harder to burglarize when residents travel. Th...