JetBlue Insiders Sold Stock as Spirit Airlines Goes Under

Shares of JetBlue Airways climbed as Spirit Airlines collapsed—and two JetBlue insiders moved to offload their entire stakes in the still-standing low-cost carrier. May 1 marked the last trading session before Spirit ceased operations. Shares of JetBlue and other legacy carriers rose that day on a flurry of media reports that suggested a shutdown was imminent.