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That's the Spirit - SAVE and JBLU appealing ruling | Trading on News
JBLU will appeal SAVE merger decision. M.O.O.N
JBLU will appeal judge's decision. No stopping now!
$SAVE down 60% as federal judge blocks JBLU purchase of Spirit Airlines
What's the expectations for JBLU if the merger goes through/falls?
Hertz is a Thrifty buy for traders on a Budget
Clear Mispricing - Spirit Airlines (NYSE:SAVE) / JetBlue (NYSE:JBLU) Merger
About the SAVE and JBLU merger
Bag held DKNG all summer but got released with Q3 🚀 earnings took 100% off a DEC25c position, rolling into these which got until EOQ1.24 - also, took most of original investment and opened a play on JBLU too!
The Jet Blue / Spirit Airlines Merger Lottery Ticket
Why is $SAVE training at a near 90% Discount?
2023-05-01 Wrinkle Brain Plays - In the style of Bob Ross
2023-03-31 Wrinkle Brain Plays - In the style of Goofy
Hot Stocks: SAVE drops on JBLU deal worries; BBIO jumps 52%; ACRS plunges; PBPB sets high
Morning Briefing 🌞 Feb 14th 2023 - Let's see if we're right again
JBLU now has more US Govt contracts than KTOS & GEO combined.
JetBlue (JBLU) Awarded $1.5 billion Fixed-Price Defense Dept Contract.
2022-11-02 Wrinkle-brain Plays (Mathematically derived options plays)
Spirit ends merger deal with Frontier, will continue talks with JetBlue
Lost $600 over 2 days trying to play the $VIX SOQ. All in on the $SAVE and $JBLU takeover now.
Spirit management prefers Frontier despite JetBlue giving a much better offer! Shares are falling
Spirit Airlines - An Easy Merger Decision for SAVE Shareholders
Spirit Airlines Urges Shareholders to Reject JetBlue’s Tender Offer
Spirit Airlines Urges Shareholders to Reject Hostile JetBlue Offer
JetBlue Launches Hostile Takeover for Spirit Airlines After Rejection
Jet Blue offers $3.6B for Spirit Airlines, STOCK UP 20% $SAVE $JBLU
TSA Count Surpassed 2019 count. AAL, DAL, UAL, JBLU
The American Airlines and JetBlue Alliance Is Under Threat. Why It Matters.
Goldman Sachs is Bearish on some Airlines stocks- Short Term
JetBlue, American Air Shares Slide as Goldman Cuts Ratings, Targets
Where's Elon? Morgan Stanley Report Concludes eVTOLs Are In Tesla's Future
JBLU may not hit the moon but 30,000 feet is not a bad jump!
What about other pandemic-hit stocks like JBLU and MGM?
AAL - $15k March 19th Calls (Covid trending down, JBLU partnership) LFG!!!
Mentions
I understand that, was following the SAVE/JBLU case. I'm stating that I believe $LUV will attempt the court dance again
I’m out with a huge loss but sometimes I still stare at SAVE circling the drain to bankruptcy after the judge disallowed their sale to JBLU “for all the fans of Spirit” because after all…
Think we could get JBLU in the 4s again?
As likely as SAVE being sold to JBLU.
Who agrees that $JBLU is undervalued??
Trying out a dead cat bounce play with $JBLU
Does buy and hold not work anymore? I bought SNAP, RBLX, and JBLU months ago. They skyrocket. Now they’re back down lol. Soo I should be an active seller/buyer??
*I thought it was bad enough Big Brown drilled me in the anoos but that was just the warm up for JBLU.* *Medic!!!*
JBLU acting like one of it's planes got hijacked with todays drop 
Lol I'm gunna loose on all of my earnings plays... UPS, SPOT, JBLU, PEP. 0/4! I don't even leave my house anymore, just analyze fucking charts.
My gut saying JBLU will tank tomorrow.
Hope your tray tables are in the upright and locked position, because JBLU is flying!
Anyone else in JBLU? https://preview.redd.it/dfs7l03ah2wc1.jpeg?width=1179&format=pjpg&auto=webp&s=fef8bda3f49d5bdf2ab49e4cb16518b5074992ef
Sure glad that I stuck to the plan of buying JBLU under $7 ! ! !
JBLU puts (ATM) for earnings tomorrow morning. Even with travel ticking back up I see some negative guidance forthcoming
Calls on airlines earnings ? JBLU AAL LUV ?
Calls on RTX, JBLU, AAL, LUV, COF
I flew JBLU Mint it was 
$JBLU callls I only see good out of it, low expected earnings compared with a boost in JPM predicted price and other airline companies that where in the shithr performed decent like BA. I think a yolo in shares might bring me back from the dead
SAP, CNI, TSLA, SNAP puts JBLU, MSFT calls
JBLU - what a rip higher! Perfect stock to go APE -- * Small float * Beaten down to 1/3 Enterprise value * New CEO focused on profit and quality * Activist Icahn on the board
Airlines are in a rare sweet spot. After DAL and UAL earnings, JBLU is the ape-stock of the family - * 1/3 share price to enterprise value * new CEO cutting loser routes and getting back to winning original strategy * Carl Icahn on the board pounding the table for profits
Based on DAL and UAL earnings and forecast, no wonder JBLU is flying high today. JBLU has new CEO cutting loser routes, Carl Icahn pressuring board ... and no exposure to middle east conflict zone
Sure enough -- JBLU rippin higher on that UAL earnings
Continuing to accumulate JBLU on these little down-drafts.
Continuing to buy JBLU under $7 Current Enterprise Value is 3X current share price == $21 target for JBLU now that Spirit acquisition killed and new CEO is getting back to making profits.
Still accumulating JBLU. Delta's earnings yesterday show how strong airlines' earnings are.
JBLU keeps popping back up into the green on these sell-off days. Persistent bid.
$SAVE."SPIRIT AIRLINE." Substantially oversold and undervalued. Adding under $5 and holding through the E.R. on 5/6. $JBLU was paying $35/share before Biden's D.O.J. blocked it. Shorts will need 30,000,000 shares to cover when the next takeover bid is announced. C.E.O. is addressing the shareholders and the market on Monday.
After Delta's amazing quarter, down market gives a nice chance to get DAL and JBLU at a discount. JBLU currently trading at about 30% of enterprise value.
If you have to be in any of them, DAL is ok, especially so if you are an adequate short options trader. JBLU is no picnic either, but I make a little $ there. And I’ve got 6 shares left of a poor AAL decision made last summer that I trade down within as volatility allows. We’re all holding a bag somewhere.
United is a better bet. It also has a low P/E and has managed to make a profit, unlike JBLU. Analysts are expecting United to not make a profit in Q1, so any surprise will cause it to rise.
After DAL's kick-ass quarter, holding JBLU looks even better. Just based on current enterprise valuation, JBLU stock price is 30% of where it should be. That means $7 >>> $21
Another day of JBLU standing strong above 7 and climbing
JBLU >> trimmed the dead weight, dropped the Spirit silliness, got a CEO who knows the business. Carl Icahn was smart to start buying JBLU stock before it pops back up to the 15 - 20 range
JBLU has broken $7 again baby 💪
I like the way JBLU is popping back up over $7. Building a nice ground floor for next move up.
$SAVE."SPIRIT AIRLINE." Substantially oversold and undervalued. Adding under $5 and holding through the E.R. on 4/24. $JBLU was paying $35/share before Biden's D.O.J. and an 83 year old judge blocked it. Shorts will need over 30,000,000 shares to cover when the next takeover bid is announced. Don't miss this opportunity.
I think the probability that Spirit is acquired at a multiple of its current share price is substantially more likely to occur than the same situation happening with Jet Blue. I'm buying shares of $SAVE.at the open tomorrow as I think the bottom is here. Best of luck to you with $JBLU. It's a great airline. My daughter works for the company.
"$SAVE - SPIRIT AIRLINE - ABOUT TO TAKEOFF" $JBLU was willing to pay $35/share. I can't imagine $LUV offering less than $25/share. With the number of shares short being more than 28% of the float and considering the millions of shares that have been bought under $5 $SAVE is setup for a massive short squeeze. The funds were selling at the end of March as "window dressing". On Monday they'll be buying for the new quarter plus funds that were restricted from buying shares under $5 will be buying. "Buying at the bottom is always a challenge. Many will come close but only a few will actually do so and then they will regret not having bought more shares as the share price moves higher." If you missed out on buying $NVDA before the run-up don't miss out on buying $SAVE before it does the same. 500% upside? Additional points to consider: ✅ $300,000,000 in cash coming. ✅ All Airbus planes. ✅ Expected to be cash flow positive in 2nd quarter. ✅ J.P. Morgan reiterated its "BUY" rating on Friday.
Why on earth do you think LUV would buy them when JBLU couldn’t?
eh, it depends, size isn’t the only factor, it is more like how they compete. if for example, LUV and SAVE had less of an overlap in routes than SAVE and JBLU, it could be seen as less anticompetitive than the merger than got rejected and could get passed.
*Uh oh...* Don't do this to me... I have JBLU calls 😭
Why would LUV be able to acquire when JBLU was not?
I'm more bullish on JBLU than SAVE exactly because they blocked the merger. There is about to be a whole fleet of jets from a bankrupt company that are going to be sold to JBLU, who can then hire all the spirit pilots and open new hours
And the DOJ would approve a different acquigigs? after blocking the JBLU one for shits and giggs?
JBLU never expected that $35 offer to get past the court challenge imo, good luck with your bags
$SAVE. Imagine waking up one morning and seeing the news that $LUV has offered $30/share for Spirit when you're short at $5. 😅 You may want to cover at the open on Monday before it actually happens. p.s. It's not "paid in". It's additional cash. $69M from $JBLU + $231M (or more) from Pratt Whitney. Smart money will be buying leading up to the E.R. on 4/24. Enjoy the ride. Clear skies ahead. 😎
$SAVE. "SPIRIT AIRLINE" ✅ Adding under $5.00 ✅ Trading at 25% of book value. ✅ $JBLU was paying $35/share. ✅ $300,000,000 in cash coming. ✅ Next offer over $25? ✅ All Airbus planes. ✅ Cash flow positive expected in 2nd quarter.
So impressed with the changes at JBLU with new CEO - cutting loser routes to focus on profitable cities seems simple ... but sure wasn't happening with previous CEO. Planes are packed on busy routes >>> profit is back.
So impressed with the speed the new CEO for JBLU is cutting loser routes and getting focus back on profits. Carl Icahn does seem to get the changes rolling!
Impressed to see the new CEO of JBLU quickly cutting unprofitable routes. No wonder Carl Icahn is building a huge position in JetBlue.
Wow man that judge really f’ed JBLU. Cutting a lot of routes in LA and Fort Lauderdale and leaving some cities entirely.
JBLU rips higher. Convince me this isn't a double or triple beginning.
Based on the solid way JBLU is holding above to $7 in this little downdraft, sure seems like the 10% Carl Icahn bought has sopped up the bottom. Convince me that JBLU isn't a double or triple on the bounce back now that Spirit deal is DOA.
Carl Icahn's buy of \~10% of JBLU is helping build a nice new ground floor at $7
Listen - this doj isn’t on board with mergers in the airline industry. The dream that the ulcc market collapsing from two big competitors to one major airline and a bunch of little ones is a bad dream. JetBlue merger was shut down from the viewpoint of like 10 routes at the end for the mythical (literally) custom that couldn’t afford higher prices over all of the other customers who would literally benefit (read the ruling - the judge clearly says JBLU and SAVE merger will bring down prices and cause the big four to have to compete - but that wasn’t enough to avoid the haiku for the mythical customer). ULCC and SAVE merging will undoubtably raise prices on some routes. Thats game over as far this DoJ is concerned. They’ll sue to prevent it and meet a friendly court.
I would assume they were prevented from issuing more shares while JBLU was trying to take over. There are 240 million shares authorized and 111 million shares outstanding a/o 12/31/2023. I would expect them to issue more shares prior to any legitimate talk about bankruptcy. If it means surviving, I'm not opposed to it.
What about buying a shit stock (ex. JBLU) when it has -20% day for collateral and selling itm calls on it at roughly another 20% lower? Both the safety margin and the gains from volatility.
Buying the IEP dip, Icahn has 2 board seats at JBLU now, SAVE deal scuttled.
JBLU just keeps climbing. The old $14 to $16 range seems like a reasonable target with the Spirit merger risk removed.
With Spirit risk removed, it sure looks like JBLU is marching back to the $14 - $16 range that it held before the merger idea got ugly.
JBLU gonna fly high now 🔥
Trifling regulators were okay with Alaska Airlines buying Hawaiian but had to dump cold water on SAVE-JBLU. Hopefully SAVE can come out of this without bankruptcy. I won't how much longer I can hold.
I think JBLU is/was looking to purchase planes at par because of the delivery issues with Boeing.
JBLU has been a great short term trade with the recent volatility, but it’s easy to get steamrolled on news driven stocks.
JBLU breakup official
JBLU will be fine, SAVE, I doubt it.
Are puts on SAVE and JBLU worthwhile or is it priced in?
People sleeping on JBLU. Papa Ichan always delivers
SAVE is a dead. I wonder if they get a breakup fee from JBLU.
JBLU strong buy zone...reversing
Will do. JBLU is paying garbage right now but they were looking nice right before earnings a couple weeks ago.
JBLU currently is paying crap premiums; I let my 5.5s expire last week and that’s it until there’s improvement. SAVE is a wildcard. I don’t trust it and it’s not the stock you want to get assigned. I weathered the high volatility as the merger was collapsing and made good $$. Now I’m just grinding out small profit with ITM cc @ 6 and the corresponding csp in a single remaining spread. This requires a little trading, and I’ll be done with it soon. NIO … I’ve never traded it. Likely won’t. Give AMC a look. I’m making and will continue to make a little $$ on csp there. And when that gravy boat collapses, and it will, long puts
JBLU - great entry still.. come one, come all...
JBLU up trend coming this week.... hold on for take off
JBLU is teetering on the brink of falling back down through the gap up that was created when the Carl Icahn news came out last week... "Gotta close that gap."
Amazon can’t buy IRobot, Walmart can buy Vizio? JBLU can’t buy SAVE, capital one can buy DFS?
Imo there’s only 2 outcomes for this company. Bankruptcy or gets bought out. Do your research on what’s going on w the company. (Financials,news) we just saw icahn take a stake in JBLU. Who is currently trying to acquire save. And made an appeal to the court denying the merger. Not that it goes through but just some info to consider. I wouldn’t invest into a company like this but def could trade it.
No but JBLU is. Spirit is a shit airline
$JBLU hitting over $7 and maintaining that during a shaky week.
Icahn hasn’t dealt with airlines in 3 decades. Things have changed a lot since. JBLU and SAVE are both very devalued at this time. Soros also jumped in the JBLU and SAVE train.
Icahn gets 2 seats on JBLU board
Buy JBLU 10$ Calls expiring February 23rd. It’s gonna print for sure
Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, calling the airline stock undervalued. Icahn has had plans to continue discussions with the company about possible board representation, the filing said. JetBlue has been cutting costs and working to improve operations to return to profitability after a post-Covid travel surge and a blocked merger with budget carrier Spirit Airlines. Icahn owns 9.91% or 33,621,735 million shares of JBLU. A [13D filling](https://www.sec.gov/Archives/edgar/data/921669/000153949724000264/n2779_x199-sc13d.htm) shows half of the shares or 15,894,706 are forward contracts that expire in February 1, 2027.
Anyone think Icahn taking a stake in JBLU matters? I expect it to pop with the appeal.
Possibly. Yet I would look at JBLU today to argue against that. I expect it to go down to around $12 before it shoots back up. $14 by midday Thursday and $15.50 by EOW
I don’t know enough about RIVN to comment. If you had asked this yesterday I would have said JBLU. The math seems straightforward- with 330 million shares outstanding they would need about $1.50 in EBITDA at the industry average multiple of 6.5 to get to $10/sh. That’s 3-4% of operating income or cutting 3-4% In expenses. With the Spirit dalliance behind them they can focus on either or both of these two areas. Now, with Icahn pushing, they may have to grind harder, but the move to $7+ today makes a double just out of reach from here IMO.
Anyone has an opinion on JBLU? Billionaire Carl Icahn bought 10% of company. Is this a play toy or in it for the long haul?
I made $800 from $150 on $JBLU today. First time ever buying options. 👍