Equities

Reuters ahead in reporting Spirit Airlines commits to major order of Airbus jets; market reacts

Reuters ahead in reporting Spirit Airlines commits to major order of Airbus jets; market reacts

Reuters was hours ahead with news of a major aircraft deal, revealing U.S. budget carrier Spirit Airlines was committing to an order of 100 Airbus A320neo-family jets to be delivered through 2027, becoming the first U.S. airline to pick European planes since Washington imposed tariffs on them. In New York, shares in Spirit rose around 2% after the Reuters report was published. After the airline confirmed the deal ahead of the following day’s trading, the same shares rose as much as another 5%, helped by better than expected profits. In Paris, shares in Airbus rose as much as 2%.