Low-cost airline JetBlue is planning to eliminate routes to five cities and reduce its service to Los Angeles as it looks to improve its financial performance after a federal court blocked its proposed merger with rival budget carrier Spirit Airlines. The airline will eliminate routes to Kansas City, Missouri, as well as Bogota, Colombia; Quito, Ecuador; and Lima, Peru. JetBlue will also eliminate service to Newburgh, New York, which has been suspended since 2020, and cut the number of flights in Los Angele ...

JetBlue Airways (JBLU) has decided to stop operating on some non-profitable routes in a bid to improve its financial performance. The carrier currently has limited planes in its fleet following a snag with RTX's Pratt & Whitney geared turbofan that powers Airbus A320neo jets.Due to this incident, JetBlue had to pull seven planes out of service. The number of planes withdrawn from service is expected to reach 15 by the year-end. Given the shrunk fleet-size, the decision to trim its network appears prudent.Ap ...

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024.JetBlue Airways told staff on Tuesday that it is culling a host of routes, making it the carrier's latest move to cut costs in the wake of a failed attempt to acquire Spirit Airlines and a Pratt & Whitney engine issue that has grounded some of its Airbus planes.The carrier will reduce its departures from Los Angeles International Airport from about 34 a day to 2 ...

NEW YORK--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU) announced it has expanded its transatlantic offerings with new, nonstop flights taking off from New York and Boston today. Daily summer-seasonal service from New York’s John F. Kennedy International Airport (JFK) and Boston Logan International Airport (BOS) to Dublin Airport (DUB) will operate through September 30, 2024 and reinforce JetBlue’s role as a disruptor in the industry as it brings low fares and great service to these popular routes. JetBlue has ...

NEW YORK--(BUSINESS WIRE)--JetBlue Airways Corporation (Nasdaq: JBLU) will present at the J.P. Morgan Industrials Conference on March 12th at approximately 12:30 p.m. ET. A live, listen-only webcast of the call will be available on JetBlue's investor relations website at the following web address: http://investor.jetblue.com For those unable to listen to the live webcast, it will also be archived on JetBlue's investor relations website under 'Archived Events & Presentations' following the conference call. ...

Spirit Airlines (SAVE -10.60%), the discount airline that at one time had agreed to be acquired by Frontier Group Holdings (ULCC 11.10%) before jilting Frontier for another, is being forced to fly alone. Investors are rallying into Frontier shares on the news, sending the stock up 11% as of 3 p.m. ET.Frontier could end up the big winner even after losingFrontier's business plan was borrowed from Spirit, and when the two airlines announced plans to merge in February 2022 to create the nation's fifth-largest ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: JetBlue and Spirit Airlines formally called off their merger following an unfavorable January US court ruling. JetBlue and Spirit Airlines formally pulled the plug Monday on their merger, about six weeks after a federal judge ruled it violated US antitrust law. The companies had positioned JetBlue's $3.8 billion purchase of Sp ...

Key TakeawaysJetBlue and Spirit Airlines have terminated a proposed $3.8 billion merger.The merger would have created the fifth-largest domestic carrier, attracting antitrust scrutiny.JetBlue will pay $69 million in termination fees to Spirit.Both companies will now pursue plans to improve profitability, but there are concerns over Spirit's financial condition. JetBlue (JBLU) and Spirit Airlines (SAVE) have called off their $3.8 billion proposed merger after regulators blocked the deal. Spirit Airlines stoc ...

Shares of Spirit Airlines (NYSE:SAVE) stock are taking a tumble after the discount airliner announced that its $3.8 billion merger with JetBlue (NYSE:JBLU) had been called off. This morning, the two companies entered into a termination agreement that voided the merger agreement that they signed in July of 2022.“We are disappointed we cannot move forward with a deal that would save hundreds of millions for consumers and create a real challenger to the dominant ‘Big 4’ U.S. airlines,” said Spirit CEO and pres ...

Low-cost carriers JetBlue and Spirit called off their proposed $3.8 billion merger on Monday — weeks after a federal judge blocked the deal on anti-competition concerns.A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival.“Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies,” JetBlue shared in a stateme ...