JetBlue Announces Record and Payment Dates for February 2024 Additional Prepayment to Spirit Stockholders
13 Fevereiro 2024 - 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 February 23, 2024, as the
record date for the February 2024 prepayment to Spirit stockholders
of $0.10 per Spirit share (the “February 2024 Additional
Prepayment”), with payment of the February 2024 Additional
Prepayment to occur on February 29, 2024. Pursuant to the Merger
Agreement, Spirit stockholders as of the February 23, 2024, record
date will be entitled to receive the February 2024 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. 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
are 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 contained in this press
release include, without limitation, statements regarding our
outlook and future results of operations and financial position,
our business strategy and plans for future operations, our
sustainability initiatives, the impact of industry or other
macroeconomic trends affecting our business, seasonality, our
expectations regarding the wind-down of the Northeast Alliance (the
“NEA”) with American Airlines Group Inc. (“American Airlines”) and
the related impact on our business, financial condition and results
of operations, and our expectations regarding the outcome of the
lawsuits challenging our merger (the “Merger”) with Spirit Airlines
Inc. (“Spirit”). 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 occurrence of any
event, change or other circumstance, including the outcomes of
legal proceedings, that could give rise to the right of JetBlue or
Spirit or both of them to terminate the Agreement and Plan of
Merger dated as of July 28, 2022 (the “Merger Agreement”) by and
among the Company, Spirit and Sundown Acquisition Corp., a Delaware
corporation and a direct wholly owned subsidiary of JetBlue; 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; risk
associated with a potential material reduction in the rate of
interchange reimbursement fees; 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 for our aircraft,
engines, and our Fly-Fi® product; 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 the NEA and our wind-down of the NEA; failure to
obtain certain governmental approvals necessary to consummate 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 potential disruptions to our
information technology systems, 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 environmental laws and
regulations, which may cause us to incur substantial costs; the
impacts of federal budget constraints or federally imposed
furloughs; impact of global climate change and legal, regulatory or
market response to such change; increasing attention to, and
evolving expectations regarding, environmental, social and
governance (“ESG”) matters; changes in government regulations in
our industry; acts of war or terrorism; and changes in global
economic conditions or an economic downturn leading to a continuing
or accelerated decrease in demand for air travel.
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,
including but not limited to, in our Annual Report on Form 10-K for
the year ended December 31, 2023. 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/20240213601255/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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