Latest news with #JetBlue
Yahoo
10 hours ago
- Business
- Yahoo
Why JetBlue Stock Took Off Today
Key Points JetBlue posted a second-quarter beat thanks to strong demand, especially around the holidays. The company's cost-cutting plan is proceeding as scheduled. JetBlue still needs to answer questions about long-term growth. 10 stocks we like better than JetBlue Airways › JetBlue Airways (NASDAQ: JBLU) lost less money than expected in the second quarter and said that booking momentum has continued through the summer. Investors were climbing on board, sending JetBlue shares up 16% at the open and up 5% as of 10:15 a.m. ET. Demand fuels beat JetBlue has been flying into headwinds of late. The airline has neither the size and scale to compete with the industry's largest players, nor the cost structure to match discounters. JetBlue lost $0.16 per share in the second quarter on revenue of $2.4 billion, topping Wall Street's forecast for a $0.33-per-share loss on $2.3 billion in revenue. Revenue was up thanks to strong demand during peak periods, including Easter and Memorial Day, as well as success selling premium services like cabin upgrades. "Demand for air travel improved as the quarter progressed, resulting in significant strength for bookings within 14-days of travel, as well as for peak travel periods," company president Marty St. George said in a statement. "We are encouraged to see that momentum carry into July and we are optimistic that demand will continue to improve through the end of the year." JetBlue is also making progress setting up its new "Blue Sky" alliance with United Airlines Holdings, and said it expects to realize about $300 million of its nearly $900 million in restructuring plans by year-end. Is JetBlue a buy? JetBlue is doing better than some had feared, but the airline remains in a tough position. The company can shrink its way toward profitability for now, but for long-term focused investors there is still the question of where growth will come from. If nothing else, the results suggest that JetBlue is in no immediate danger and that management's plan to transform the business is going as scheduled. That's reason for optimism among current holders, but new investors should remain cautious when considering JetBlue. Should you buy stock in JetBlue Airways right now? Before you buy stock in JetBlue Airways, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and JetBlue Airways wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why JetBlue Stock Took Off Today was originally published by The Motley Fool Sign in to access your portfolio
18 hours ago
- Business
Department of Transportation approves new Blue Sky partnership between JetBlue, United Airlines
It's blue skies ahead for JetBlue and United Airlines. The carriers announced this week that they had received Department of Transportation approval to team up, launching a partnership that they say will offer travelers more booking options, loyalty and frequent flyer programs, and more flight spots at top airports. The airlines first announced their intention to create the new partnership back in May. On Tuesday they announced they had completed the DOT review of their Blue Sky collaboration, allowing them to proceed to implementation. "JetBlue and United appreciate Secretary Duffy, Assistant Secretary Edwards, and the entire team at the DOT for their review of Blue Sky. JetBlue and United will share more details in the coming weeks as implementation of the Blue Sky collaboration begins," the carriers said in a joint press release. What to know about new Blue Sky collaboration from JetBlue, United Airlines According to the press release, the partnership was designed to "give customers of both airlines even more options to find flights that fit their plans as well as new opportunities to earn and use MileagePlus miles and TrueBlue points across both airlines." "Blue Sky will begin introducing new customer benefits starting this fall, rolling out in phases," the airlines stated. Here's a snapshot of what to expect. More booking options This traditional interline agreement will allow both airlines to offer flights on one another's website and apps for seamless booking. Loyalty program crossover United's MileagePlus customers will be able to earn and use miles on most JetBlue flights; JetBlue's TrueBlue members in turn can now earn and use points for flights on United's domestic and international network. Benefits from the airlines' loyalty programs -- such as priority boarding, complimentary access to preferred and extra legroom seats, and same-day standby or changes -- will be available to customers across both carriers. More flights at different airports JetBlue said it will provide United access to slots at John F. Kennedy International Airport in New York for up to seven daily round-trip flights out of Terminal 6, which will start in 2027. JetBlue and United will also exchange eight flight timings at Newark Liberty International Airport in New Jersey.
Yahoo
a day ago
- Business
- Yahoo
Say goodbye to JetBlue partnership with key airline; benefits end soon
A partnership between JetBlue and Hawaiian Airlines is coming to an end. JetBlue made the announcement on Sunday, June 29. 'We wanted to let you know that our loyalty partnership with Hawaiian Airlines will be coming to an end,' the announcement reads. The last day customers can book Hawaiian Airlines flights to earn or redeem TrueBlue points will be Sept. 30 of this year. Travel must be completed by Mar. 31, 2026. TrueBlue points are used to get cheaper or free flights on JetBlue or other bonuses. Full rewards information can be found here. The deadline to submit any retroactive requests to earn TrueBlue points on Hawaiian is also on March 31, 2026, according to the statement. 'We apologize for any convenience,' JetBlue said. JetBlue and Hawaiian began their partnership in 2012, which allowed passengers to book connecting itineraries between JetBlue's domestic network and Hawaiian's transpacific and inter-island flights, according to Airline Geeks. The news comes after Hawaiian airlines announced its plans to integrate with Alaska Airlines. The latest from MassLive Bruins sign forward prospect to two-way contract after AHL season ended due to injury Springfield police arrest suspect, confiscate high-capacity gun, magazines after shooting 9 indicted in Boston in connection with $5M raised for North Korean weapons Red Sox lineup: Rookie batting 7th in return from leave; David Hamilton at 2B 'Sore winner': Trump drops lawsuit against pollster who predicted he'd lose Iowa Read the original article on MassLive. Solve the daily Crossword
Yahoo
a day ago
- Business
- Yahoo
JetBlue ends another airline partnership, benefits will be affected
JetBlue is ending its partnership with another key airline. Just weeks after the airline company announced its departure from Hawaiian Airlines, it decided to also bid farewell to TAP Air Portugal. The last day customers can book TAP Air Portugal flights to earn or redeem TrueBlue points, which are used to get cheaper or free flights on JetBlue or other bonuses, will be Sept. 30 of this year, according to a statement from the airline company. The deadline to travel and submit any requests for retroactive TrueBlue points must also be completed on or for before this date. Cash bookings made on TAP Air Portugal will not be affected. 'We apologize for any inconvenience,' JetBlue wrote. The two airline companies launched their partnership in February, according to a JetBlue press release. TAP Air Portugal offers over 1,000 weekly flights to 80 cities in 32 countries, including Portugal, North America, Central and South America, Africa and Europe, the statement adds. More Business News Judge allows Medicaid payments to flow to Planned Parenthood centers Earls Kitchen + Bar to open new Boston Seaport restaurant in 2027 Holyoke Mall will reopen today after Friday shooting; suspect was shot in leg by police How much trash does a courthouse produce? Inquiring bidders want to know in Springfield Housing Court judge denies landlord's request to stay a rent reduction at Ludlow mobile home park Read the original article on MassLive.
CTV News
2 days ago
- Business
- CTV News
JetBlue, United partnership gets go-ahead from U.S. Transportation Department
In this Oct. 18, 2019, file photo a JetBlue Airways flight flies in to Salt Lake City International Airport in Salt Lake City. (Rick Bowmer / AP Photo) JetBlue and United Airlines have cleared the U.S. Department of Transportation's review of their planned partnership which allows them to proceed with the implementation, the companies said on Tuesday. JetBlue had been seeking partnerships after a federal judge blocked its alliance with American Airlines in 2023. In May, JetBlue and United unveiled a partnership, dubbed 'Blue Sky,' that would allow travelers to book flights on both carriers' websites, while interchangeably earning and using points in their frequent flyer programs. Under the agreement, JetBlue would also provide United access to slots at the congested JFK International Airport at New York for up to seven daily round-trip flights, set to begin in 2027. The company said that the partnership is expected to contribute US$50 million more in incremental operating profit than it had initially planned. 'We believe Blue Sky will enable each airline to offer its customers access to hundreds of new flights and destinations through a traditional interline agreement,' said Marty St. George, JetBlue's president. Spirit Airlines in June had urged the U.S. transportation body to reject the collaboration between the two carriers, saying it was anticompetitive and would prompt other large carriers to pursue similar deals. Michael Ashley Schulman, chief investment officer at Running Point Capital, said by removing the antitrust triggers that led to the collapse of JetBlue's Northeast Alliance — such as shared revenue and joint scheduling — BlueSky has introduced a model that other mid-sized carriers could replicate with less risk of regulatory pushback. Antitrust officials under the Trump administration have been taking a more lenient approach to corporate deals, a shift from the stricter stance seen under Biden. In June, they approved several multibillion-dollar deals in just one week, signaling a greater willingness to settle with companies. More than 100 transactions have been granted shorter reviews this year, according to FTC data from July. JetBlue and United said that Blue Sky would begin introducing new customer benefits starting in fall 2025, rolling them out in phases. --- Reporting by Aishwarya Jain in Bengaluru and Doyinsola Oladipo in New York; Editing by Shailesh Kuber
