JetBlue is executing a cost-cut strategy of cutting unprofitable routes, deferring aircraft deliveries and pricing premium seats. It was also reported by CNBC that the airline has already offered senior pilots voluntary early retirement packages as part of the restructuring.
UBS analyst Thomas Wadewitz revised the price target on JetBlue Airways (NASDAQ:JBLU) shares, reducing it to $5.00 from the previous target of $5.50. Despite the adjustment, the firm continues to recommend a Sell rating for the airline's stock.
As a main competitor to the other two legacy carriers, American Airlines and United Airlines, Delta also challenged plenty others, such as Southwest Airlines, AirTran Airways, US Airways, and even JetBlue Airways.
Executives from the New York-based carrier talked up many changes, including its new EvenMore product (formerly its Even More Space product) that debuted Tuesday, its premium cobranded credit card set to roll out shortly,
Unit costs in 2025 will rise as much as 7% excluding fuel, the airline said Tuesday in a statement, outpacing analysts’ estimates on higher spending for compensation and aircraft maintenance. JetBlue shares fell as much as 18% as markets opened in New York, their biggest slump since Aug. 12.
The New York-based carrier announced what it's calling the EvenMore experience, a refreshed type of extra-legroom seat located at the front of its economy cabins.
Legacy carriers American Airlines, United Airlines and Delta Air Lines are adding a combined 31 nonstop flights from Kansas City and Philadelphia to New Orleans and back again. JetBlue Airways is adding nine flights between New York City area’s Newark International and John F. Kennedy International airports and New Orleans.
WASHINGTON (Reuters) -A U.S. appeals court on Tuesday blocked the Biden administration's 2024 rule requiring upfront disclosure of airline service fees, saying the Transportation Department (USDOT) had not complied with procedural rules.