Jetblue Awys Corp Stock Price, News & Analysis

JetBlue (NASDAQ: JBLU) has expanded its codeshare agreement with Qatar Airways, allowing customers to fly to 11 new destinations across Africa and Asia via Doha. This move enhances travel options between the U.S. and new markets in eight countries, increasing the total codeshare destinations to 24. The partnership, which began in 2011, strengthens ties and enhances loyalty benefits, with plans to allow point redemption on flights. Both airlines aim to deliver superior service and connectivity.

JetBlue has officially become the anchor tenant at Orlando International Airport’s new Terminal C, marking a significant move in its operations in Orlando. All flights will now arrive and depart from this state-of-the-art terminal, which includes modern amenities like biometric boarding and enhanced baggage handling. JetBlue plans to operate nearly 70 daily flights to 22 destinations during the upcoming holiday season. The airline, which employs over 4,000 crew members in Orlando, aims to elevate the customer experience with this transition.

JetBlue Airways reported third-quarter 2022 results, posting GAAP diluted EPS of $0.18, down from $0.63 in Q3 2019. Adjusted diluted EPS was $0.21, compared to $0.59 in the same period. Revenue per available seat mile rose by 23.4%, exceeding guidance. However, operating expenses per available seat mile increased by 32.4%. The company ended Q3 2022 with $2.3 billion in cash and amended its credit facility. Looking ahead, JetBlue expects a 1% to 4% capacity increase in Q4 and a unit revenue rise of 15% to 19% year-over-year.

Spirit Airlines (SAVE) announced stockholder approval for its merger with JetBlue Airways (JBLU) during a special meeting on October 19, 2022. Over 50% of Spirit's shares voted in favor, with the deal expected to close by the first half of 2024, pending regulatory approvals. CEO Ted Christie stated this merger will create a strong low-fare competitor to major U.S. airlines. Financial advisors for Spirit include Barclays and Morgan Stanley, with legal guidance from Debevoise & Plimpton LLP, and Paul, Weiss, Rifkind, Wharton & Garrison LLP.

JetBlue has appointed Jeffrey Winter as its new vice president of flight operations. Winter, who joined JetBlue in 2015, will oversee flight operations and standards for nearly 4,700 pilots. He previously served as vice president at JetBlue University, where he led training for various airline roles. With 33 years in aviation, including 26 years in the U.S. Navy, Winter aims to expand JetBlue’s operations and enhance opportunities for pilots. This strategic leadership change comes as JetBlue focuses on growing its fleet and network.

JetBlue Airways Corporation (NASDAQ: JBLU) will hold its quarterly conference call to discuss third quarter 2022 financial results on October 25, 2022 at 10:00 a.m. ET. Investors can access a live webcast via JetBlue's investor relations website, and the archived version will be available afterward. The airline is recognized as New York's Hometown Airline® and serves over 100 destinations in the U.S., Latin America, the Caribbean, Canada, and the United Kingdom.

JetBlue (NASDAQ: JBLU) announced the return of its annual "Swing for Good" fundraising campaign, which has raised over $8 million since its inception in 2008. This year, proceeds will benefit World Central Kitchen and the JetBlue Foundation. The campaign includes the launch of the "Bid for Good" online auction, featuring unique experiences like a lunch with CEO Robin Hayes and flight training sessions. The auction is open until October 21, 2022. JetBlue’s commitment to social impact highlights its mission to support education and community initiatives.

JetBlue Travel Products has launched a new Cash + Points redemption option for customers, allowing them to use TrueBlue points to book entire vacation packages, including flights, hotels, and rental cars. Previously, points could only cover flight portions. Members can combine cash and points starting from 500 points, enhancing flexibility and value when booking through JetBlue Vacations. This initiative aims to improve customer experiences as travel resumes, offering benefits such as discounted rates and exclusive perks, including earlier boarding and inflight alcohol.

JetBlue announced a memorandum of understanding with AIR COMPANY to purchase 25 million gallons of AIRMADE™ sustainable aviation fuel (SAF) over five years, starting in 2027. This agreement supports JetBlue's commitment to convert 10% of its total fuel usage to SAF by 2030, contributing to a goal of net-zero carbon emissions by 2040. AIRMADE™ SAF offers a significant reduction of greenhouse gas emissions, using captured carbon dioxide as a feedstock, enhancing market viability for SAF production.