Jetblue Awys Corp Stock Price, News & Analysis

JetBlue (NASDAQ: JBLU) announces a major refresh of its Mint® service, introducing new partnerships with Delicious Hospitality Group, Tuft & Needle, Wanderfuel, and Master & Dynamic over the next six weeks. The revamped Mint experience will enhance in-flight dining with high-quality food and unique amenities, aiming to redefine premium travel at competitive prices. JetBlue's refreshed service will debut on flights as early as November 18, with plans for a fully reimagined London Mint experience next year.

JetBlue (NASDAQ: JBLU) has partnered with Aruba to facilitate seamless entry testing for travelers through Vault's technology. Aruba will accept a supervised, saliva-based PCR test as part of its entry requirements, aimed at boosting tourism while ensuring safety. JetBlue customers will benefit from dedicated support and a streamlined testing process, enhancing traveler convenience. This initiative aligns with JetBlue's broader safety program, promoting health and safety for both travelers and locals. The partnership aims to revitalize the economy and provide a safe travel option while protecting public health.

JetBlue (NASDAQ: JBLU) is expanding its service from New York City during the Thanksgiving weekend by adding 25 nonstop flights to popular destinations, including Fort Lauderdale and Los Angeles. The new routes will operate from November 20th to November 30th, enhancing JetBlue's capacity in leisure and VFR (visiting friends and relatives) markets. This expansion follows the airline's announcement of over 60 new routes this year, targeting areas with anticipated increased demand for leisure travel.

JetBlue (NASDAQ: JBLU) has partnered with Northwell Direct to enhance COVID-19 safety for its crewmembers. This partnership includes a suite of services aimed at testing, clinical concierge, and advisory support from Northwell Health. With Northwell having treated over 93,000 COVID-19 patients, the program is designed based on the latest medical knowledge to help JetBlue’s recovery in the airline industry. The initiative reinforces JetBlue's existing 'Safety from the Ground Up' program, providing additional resources for employee health and safety.

JetBlue Airways Corporation (NASDAQ: JBLU) reported a GAAP loss per share of $1.44 in Q3 2020, down from a profit of $0.63 in Q3 2019. The 76% revenue decline year-over-year was attributed to COVID-19, though it was better than expected. JetBlue managed to reduce capacity by 58% and operating expenses by 45%. The company ended Q3 with approximately $3.1 billion in available liquidity. Average daily cash burn was $6.1 million, improved from earlier estimates. For Q4, JetBlue anticipates a 65% revenue decline but expects to further reduce cash burn to between $4 and $6 million.

JetBlue (NASDAQ: JBLU) has announced a tentative agreement with the Transport Workers Union (TWU) for a contract that covers its inflight crewmembers. The agreement is now pending a ratification process, which includes final documentation and a review by TWU leadership before a final vote by the inflight crew. Ed Baklor, JetBlue's vice president of inflight services, expressed satisfaction with reaching this agreement after two years of negotiations, emphasizing the commitment of crewmembers to safety and customer experience during challenging industry conditions.

JetBlue (NASDAQ: JBLU) has announced the launch of new nonstop winter seasonal service to Telluride, Colorado, from Boston, New York, and Los Angeles, commencing December 19. This service connects Montrose Regional Airport (MTJ), the closest airport to the ski destination, enhancing travel options for ski enthusiasts from New England and Southern California. JetBlue emphasizes a focus on unique destinations, aligning with travelers' desires for open spaces. The airline will operate these routes using Airbus A320 aircraft, maintaining its reputation for quality service.

JetBlue Airways Corporation (Nasdaq: JBLU) will hold its quarterly conference call on October 27, 2020, at 10:00 a.m. ET to discuss third quarter financial results. Investors can access a live, listen-only webcast through JetBlue's investor relations website. An archived version will also be available post-call under 'Audio Archives'. JetBlue is recognized as New York's Hometown Airline and serves across the U.S., Caribbean, and Latin America.