JBLU

JetBlue Plus Card, Issued by Barclays, Earns J.D. Power Award For Ranking Number One Among Airline Co-Branded Credit Cards

Retrieved on: 
Thursday, August 17, 2023

JetBlue (Nasdaq: JBLU) today announced the JetBlue Plus Card , issued by Barclays, received the J.D.

Key Points: 
  • JetBlue (Nasdaq: JBLU) today announced the JetBlue Plus Card , issued by Barclays, received the J.D.
  • Power Award, ranking the highest among co-branded airline credit cards according to the J.D.
  • Power analyzes survey responses from more than 30,000 credit card customers across the United States.
  • The JetBlue Plus Card achieved the highest score (or scored #1) in three of the seven study factors: Rewards Earning, Rewards Redeeming and Benefits.

JetBlue Announces Record and Payment Dates for August 2023 Additional Prepayment to Spirit Stockholders

Retrieved on: 
Tuesday, August 15, 2023

As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the August 2023 Additional Prepayment to occur on August 31, 2023.

Key Points: 
  • As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set August 25, 2023, as the record date for the August 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “August 2023 Additional Prepayment”), with payment of the August 2023 Additional Prepayment to occur on August 31, 2023.
  • Pursuant to the Merger Agreement, Spirit stockholders as of the August 25, 2023, record date will be entitled to receive the August 2023 Additional Prepayment.

JetBlue and Air Serbia Announce New Codeshare Agreement

Retrieved on: 
Thursday, August 3, 2023

JetBlue [NASDAQ:JBLU] and Air Serbia today announced a new partnership making Air Serbia-operated flights available on JetBlue.com with a new codeshare agreement.

Key Points: 
  • JetBlue [NASDAQ:JBLU] and Air Serbia today announced a new partnership making Air Serbia-operated flights available on JetBlue.com with a new codeshare agreement.
  • Air Serbia plans to add their “JU” airline code to 25 destinations throughout the JetBlue network.
  • Air Serbia has been a successful interline partner since 2016 and we see great potential with this new codeshare,” said Robin Hayes, chief executive officer, JetBlue.
  • “We welcome customers from Air Serbia aboard our flights, so they can experience our low fares and great service.”
    "We are very pleased with the future collaboration with JetBlue and believe that this significantly enhances the travel possibilities between the United States and destinations within the Air Serbia network, especially those in the broader Balkan region,” said Jiri Marek, chief executive officer of Air Serbia.

JetBlue Announces Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 1, 2023

Net income for the second quarter of 2023 under Generally Accepted Accounting Principles (“GAAP”) of $138 million or $0.41 per share.

Key Points: 
  • Net income for the second quarter of 2023 under Generally Accepted Accounting Principles (“GAAP”) of $138 million or $0.41 per share.
  • Operating revenue of $2.6 billion for the second quarter of 2023, up 6.7% year-over-year.
  • Operating expenses per available seat mile ("CASM") for the second quarter of 2023 decreased 12.2% year-over-year.
  • Average fuel price in the second quarter of 2023 of $2.63 per gallon, including hedges.

JetBlue Names Susan Pfingstler, Vice President JetBlue University

Retrieved on: 
Monday, July 24, 2023

JetBlue (NASDAQ: JBLU) today announced the appointment of Susan Pfingstler to vice president, JetBlue University.

Key Points: 
  • JetBlue (NASDAQ: JBLU) today announced the appointment of Susan Pfingstler to vice president, JetBlue University.
  • She will report to Warren Christie, JetBlue’s head of safety, security, fleet operations and JetBlue University.
  • “The journey of every JetBlue crewmember begins at JetBlue University – it’s a vital touchpoint that continues throughout their careers,” said Christie.
  • “I look forward to supporting our crewmembers as the airline continues to grow.”
    Pfingstler holds a bachelor’s degree in professional aeronautics from Embry-Riddle Aeronautical University.

JetBlue Announces Next Steps of Wind Down Plan for Its Northeast Alliance with American Airlines

Retrieved on: 
Friday, July 14, 2023

JetBlue (NASDAQ: JBLU) today announced the next steps of the wind down of its Northeast Alliance with American Airlines.

Key Points: 
  • JetBlue (NASDAQ: JBLU) today announced the next steps of the wind down of its Northeast Alliance with American Airlines.
  • We know customers will miss these features and believe the U.S. Department of Justice’s position opposing them misses the mark,” said Dave Fintzen, vice president, Northeast Alliance, JetBlue.
  • JetBlue and American are working together to minimize disruption to customers who have booked travel.
  • We will continue to work with American and through the legal process on a wind down plan that protects consumers.

JetBlue Announces Record and Payment Dates for July 2023 Additional Prepayment to Spirit Stockholders

Retrieved on: 
Friday, July 14, 2023

As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set July 25, 2023, as the record date for the July 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “July 2023 Additional Prepayment”), with payment of the July 2023 Additional Prepayment to occur on July 31, 2023.

Key Points: 
  • As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the “Merger Agreement”), by and among JetBlue Airways Corporation (“JetBlue”) (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. (“Spirit”) (NYSE: SAVE), JetBlue has set July 25, 2023, as the record date for the July 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the “July 2023 Additional Prepayment”), with payment of the July 2023 Additional Prepayment to occur on July 31, 2023.
  • Pursuant to the Merger Agreement, Spirit stockholders as of the July 25, 2023, record date will be entitled to receive the July 2023 Additional Prepayment.

Avnos Inc. Secures Funding and Strategic Partnerships From ConocoPhillips, JetBlue Ventures and Shell Ventures, Totaling Over $80M

Retrieved on: 
Thursday, July 13, 2023

Avnos will use the capital to deliver commercial-ready HDAC units by the end of 2025.

Key Points: 
  • Avnos will use the capital to deliver commercial-ready HDAC units by the end of 2025.
  • As a result, the Avnos solution requires less than half the energy required by competitors.
  • “Avnos is laser focused on delivering the most cost-effective, flexible, and scalable commercial Direct Air Capture technology in the world,” said Will Kain, CEO of Avnos.
  • “Adding blue-chip strategic partners such as ConocoPhillips, JetBlue Ventures, and Shell provides us with an incredible opportunity to access more resources, know-how, and global reach to meaningfully accelerate our deployment schedule.

JetBlue Announces Webcast of Second Quarter 2023 Earnings Conference Call

Retrieved on: 
Tuesday, July 11, 2023

JetBlue Airways Corporation (Nasdaq: JBLU) announced today that it will hold its quarterly conference call to discuss second quarter 2023 financial results on August 1st, 2023 at 10:00 a.m.

Key Points: 
  • JetBlue Airways Corporation (Nasdaq: JBLU) announced today that it will hold its quarterly conference call to discuss second quarter 2023 financial results on August 1st, 2023 at 10:00 a.m.
  • ET.
  • A live, listen-only webcast of the call will be available on JetBlue's investor relations website at the following web address:

JetBlue Issues Statement on Its Northeast Alliance with American Airlines

Retrieved on: 
Wednesday, July 5, 2023

As a direct result of the NEA, customers benefitted from more of JetBlue’s low-fare, high-quality service than ever.

Key Points: 
  • As a direct result of the NEA, customers benefitted from more of JetBlue’s low-fare, high-quality service than ever.
  • For these reasons, we strongly disagree with the court’s ruling against the NEA and stand behind the procompetitive impact of the alliance.
  • The NEA is a complex partnership with many thousands of customers who have already booked travel in the months ahead.
  • For customers, it’s important to note that nothing will change immediately and they can feel confident in new and existing bookings for the coming months.