JetBlue Announces Record and Payment Dates for November 2023 Additional Prepayment to Spirit Stockholders
14 Novembro 2023 - 11:00AM
Business Wire
As previously announced, in connection with the Agreement and
Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”),
by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ:
JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc.
(“Spirit”) (NYSE: SAVE), JetBlue has set November 24, 2023, as the
record date for the November 2023 prepayment to Spirit stockholders
of $0.10 per Spirit share (the “November 2023 Additional
Prepayment”), with payment of the November 2023 Additional
Prepayment to occur on November 30, 2023. Pursuant to the Merger
Agreement, Spirit stockholders as of the November 24, 2023, record
date will be entitled to receive the November 2023 Additional
Prepayment.
About JetBlue
JetBlue is New York's Hometown Airline®, and a leading carrier
in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San
Juan. JetBlue, known for its low fares and great service, carries
customers to more than 100 destinations throughout the United
States, Latin America, Caribbean, Canada, and Europe. For more
information and the best fares, visit jetblue.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, as amended. We intend such forward-looking statements to be
covered by the safe harbor provisions for forward-looking
statements contained in Section 27A of the Securities Act of 1933,
as amended (the “Securities Act”), and Section 21E of the
Securities Exchange Act of 1934, as amended, (the “Exchange Act”).
All statements other than statements of historical facts contained
in this press release may be forward-looking statements. In some
cases, you can identify forward-looking statements by terms such as
“expects,” “plans,” “intends,” “anticipates,” “indicates,”
“remains,” “believes,” “estimates,” “forecast,” “guidance,”
“outlook,” “may,” “will,” “should,” “seeks,” “goals,” “targets” or
the negative of these terms or other similar expressions.
Additionally, forward-looking statements include statements that do
not relate solely to historical facts, such as statements which
identify uncertainties or trends, discuss the possible future
effects of current known trends or uncertainties, or which indicate
that the future effects of known trends or uncertainties cannot be
predicted, guaranteed, or assured. Forward-looking statements
involve risks, uncertainties and assumptions, and are based on
information currently available to us. Actual results may differ
materially from those expressed in the forward-looking statements
due to many factors, including, without limitation, the COVID-19
pandemic and government-imposed measures to control its spread;
risk associated with execution of our strategic operating plans in
the near-term and long-term; our extremely competitive industry;
risks related to the long-term nature of our fleet order book;
volatility in fuel prices and availability of fuel; increased
maintenance costs associated with fleet age; costs associated with
salaries, wages and benefits; risks associated with doing business
internationally; our reliance on high daily aircraft utilization;
our dependence on the New York metropolitan market; risks
associated with extended interruptions or disruptions in service at
our focus cities; risks associated with airport expenses; risks
associated with seasonality and weather; our reliance on a limited
number of suppliers; risks related to new or increased tariffs
imposed on commercial aircraft and related parts imported from
outside the United States; the outcome of legal proceedings with
respect to our Northeast Alliance with American Airlines Group Inc.
and our planned wind-down of the Northeast Alliance; the occurrence
of any event, change or other circumstances that could give rise to
the right of JetBlue or Spirit or both of them to terminate the
Merger Agreement; failure to obtain certain governmental approvals
necessary to consummate the merger with Spirit (the “Merger”); the
outcome of the lawsuit filed by the Department of Justice and
certain state Attorneys General against us and Spirit related to
the Merger; risks associated with failure to consummate the Merger
in a timely manner or at all; risks associated with the pendency of
the Merger and related business disruptions; indebtedness following
consummation of the Merger and associated impacts on business
flexibility, borrowing costs and credit ratings; the possibility
that JetBlue may be unable to achieve expected synergies and
operating efficiencies within the expected timeframes or at all;
challenges associated with successful integration of Spirit’s
operations; expenses related to the Merger and integration of
Spirit; the potential for loss of management personnel and other
key crewmembers as a result of the Merger; risks associated with
effective management of the combined company following the Merger;
risks associated with JetBlue being bound by all obligations and
liabilities of the combined company following consummation of the
Merger; risks associated with the integration of JetBlue and Spirit
workforce, including with respect to negotiation of labor
agreements and labor costs; the impact of the Merger on JetBlue’s
earnings per share; risks associated with cybersecurity and
privacy, including information security breaches; heightened
regulatory requirements concerning data security compliance; risks
associated with reliance on, and potential failure of, automated
systems to operate our business; our inability to attract and
retain qualified crewmembers; our being subject to potential
unionization, work stoppages, slowdowns or increased labor costs;
reputational and business risk from an accident or incident
involving our aircraft; risks associated with damage to our
reputation and the JetBlue brand name; our significant amount of
fixed obligations and the ability to service such obligations; our
substantial indebtedness and impact on our ability to meet future
financing needs; financial risks associated with credit card
processors; restrictions as a result of our participation in
governmental support programs under the CARES Act, the Consolidated
Appropriations Act, and the American Rescue Plan Act; risks
associated with seeking short-term additional financing liquidity;
failure to realize the full value of intangible or long-lived
assets, causing us to record impairments; risks associated with
disease outbreaks or environmental disasters affecting travel
behavior; compliance with future environmental regulations; the
impacts of federal budget constraints or federally imposed
furloughs; impact of global climate change and legal, regulatory or
market response to such change; changes in government regulations
in our industry; acts of war or terrorism; changes in global
economic conditions or an economic downturn leading to a continuing
or accelerated decrease in demand for air travel; and risks
associated with the implementation of 5G wireless technology near
airports that we operate in. It is routine for our internal
projections and expectations to change as the year or each quarter
in the year progresses, and therefore it should be clearly
understood that the internal projections, beliefs, and assumptions
upon which we base our expectations may change prior to the end of
each quarter or year. Any outlook or forecasts in this press
release have been prepared without taking into account or
consideration of the Merger with Spirit.
Given the risks and uncertainties surrounding forward-looking
statements, you should not place undue reliance on these
statements. You should understand that many important factors, in
addition to those discussed or incorporated by reference in this
press release, could cause our results to differ materially from
those expressed in the forward-looking statements. Further
information concerning these and other factors is contained in
JetBlue’s filings with the U.S. Securities and Exchange Commission
(the “SEC”), including but not limited to, JetBlue’s 2022 Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. In light of
these risks and uncertainties, the forward-looking events discussed
in this press release might not occur. Our forward-looking
statements speak only as of the date of this press release. Other
than as required by law, we undertake no obligation to update or
revise forward-looking statements, whether as a result of new
information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114091915/en/
JetBlue Corporate Communications Tel: +1.718.709.3089
corpcomm@jetblue.com
JetBlue Investor Relations Tel: +1.718.709.2202
ir@jetblue.com
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