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☆ JetBlue CEO: Expected headwinds in Q2 in our Latin American region led to company's lower guidance
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJetBlue CEO: Expected headwinds in Q2 in our Latin American region led to company's lower guidanceJoanna Geraghty, JetBlue CEO, joins 'Money Movers' to discuss the company's lower guidance, JetBlue's quest to get back to profitability, and much more.

Persons: Joanna Geraghty Organizations: JetBlue

☆ JetBlue shares tumble 10% after airline lowers 2024 revenue outlook
▼ + stars: | 2024-04-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue Airways shares tumbled more than 10% in premarket trading Tuesday after the airline lowered its 2024 revenue forecast, a setback as it tries to return to profitability. The carrier said second-quarter revenue would likely drop as much as 10.5% on the year, more than double the decline analysts polled by LSEG expected. JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. JetBlue earlier this year said it would defer $2.5 billion in aircraft spending until the end of the year. Revenue dropped 5.1% from last year to $2.21 billion, matching LSEG revenue expectations.

Persons: LSEG, Joanna Geraghty, Pratt Organizations: JetBlue Airbus A321neo, AMS EHAM, JetBlue Airways, JetBlue, Spirit Airlines, Pratt & Whitney, Revenue Locations: Amsterdam, Netherlands, New York, Delta, America

☆ JetBlue cuts routes spanning Los Angeles to Lima in race to lower costs
▼ + stars: | 2024-03-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on Jan. 31, 2024. The carrier will reduce its departures from Los Angeles International Airport from about 34 a day to 24, focusing on profitable transcontinental routes that include its Mint business class cabin, according to a memo to staff, which was seen by CNBC. Cuts include service from Los Angeles to San Francisco; Seattle; Miami; Las Vegas; Reno, Nevada; and Puerto Vallarta, Mexico. Along with transcontinental flying, JetBlue said it will focus on "bread and butter" routes along the East Coast, and those serving Caribbean vacation destinations. JetBlue is charting its path as a stand-alone airline after a judge blocked its plan to purchase Spirit Airlines in January.

Persons: Dave Jehn, Joanna Geraghty, Carl Icahn Organizations: JetBlue Airways, Fort, Hollywood International, Spirit Airlines, Pratt & Whitney, Airbus, Los Angeles International Airport, CNBC, JetBlue, American Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, Los Angeles, San Francisco, Seattle, Miami, Las Vegas ; Reno , Nevada, Puerto Vallarta , Mexico, Bogota, Colombia, Quito, Ecuador, Lima, Peru, Kansas City , Missouri, Austin, Atlanta, Nashville, Salt Lake City, New York, Detroit, East Coast, Northeast

☆ JetBlue and Spirit Call Off Their Merger
▼ + stars: | 2024-03-04 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

JetBlue Airways and Spirit Airlines announced on Monday that they would walk away from their planned $3.8 billion merger after federal antitrust regulators successfully challenged the deal in court. JetBlue said it would pay Spirit $69 million to exit the deal. A federal judge in Boston blocked the proposed merger on Jan. 16, siding with the Justice Department in determining that the merger would reduce competition in the industry and give airlines more leeway to raise ticket prices. “We wish the very best going forward to the entire Spirit team.”JetBlue and Spirit appealed Judge Young’s decision. JetBlue filed an appellate brief last week arguing that the deal should be allowed to go through.

Persons: William G . Young, ”, Joanna Geraghty, “, Judge Young’s Organizations: JetBlue Airways, Spirit Airlines, JetBlue, Justice Department, U.S, District of, Spirit Locations: Boston, District of Massachusetts

JetBlue Airways and Spirit Airlines on Monday said they are ending their agreement to merge, weeks after losing a federal antitrust lawsuit that challenged the deal. A federal judge in January blocked JetBlue's attempted takeover of budget carrier Spirit after the Justice Department sued to bar the deal last year. The Justice Department alleged the acquisition would stifle competition in the airline industry and eliminate Spirit as a discount alternative for price-conscious travelers. JetBlue and Spirit appealed the judge's decision a couple of days later, but JetBlue noted the appeal was required under the terms of the merger agreement. Spirit shares tumbled 17% in premarket trading, while shares of JetBlue were up roughly 4%.

Persons: JetBlue's, Joanna Geraghty, Department of Justice's Organizations: JetBlue Airways, Fort, Hollywood International Airport, Spirit Airlines, Justice Department, JetBlue, Spirit, Analysts, Frontier, Department of Locations: Fort Lauderdale, Fort Lauderdale , Florida

☆ JetBlue pulls out of deal to buy Spirit
▼ + stars: | 2024-03-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +1 min

New York CNN —JetBlue Airways announced Monday it is pulling out of its deal to purchase Spirit Airlines. The Justice Department had argued that airfares could go up if Spirit was no longer an independent airline. JetBlue agreed to pay Spirit $69 million as part of its decision to end the deal, JetBlue said. Spirit said it was always prepared to continue as an independent airline, given the regulatory challenges the deal faced. “We are disappointed we cannot move forward with a deal,” Spirit CEO Ted Christie said.

Persons: airfares, ”, Joanna Geraghty, Spirit, Ted Christie Organizations: New, New York CNN — JetBlue Airways, Spirit Airlines, Justice, JetBlue, Spirit, “, ” Locations: New York

☆ Carl Icahn gets two seats on JetBlue’s board. Here’s how he may help build value
▼ + stars: | 2024-02-17 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Activist Commentary: Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy. While Carl Icahn is not slowing down at all, in October 2020, he reached an agreement with his son Brett Icahn to rejoin the firm as the eventual successor. Carl Icahn is the quintessential, iconic corporate governance investor. On Jan. 19, Carl Icahn started acquiring his position. On Feb. 12, her first day in her new post, she had a Carl Icahn 13D on her desk.

Persons: Carl Icahn, Brett Icahn, Brett, hasn't, Carl, Sargon, Joanna Geraghty, Carl Icahn 13D, Icahn, Robin Hayes, Geraghty, Hayes, Ken Squire Organizations: Apple, Netflix, Forest Labs, JetBlue, Spirit, Investors, U.S, Transportation Department, 13D Locations: Icahn, Delta, United

☆ Carl Icahn wins seats on JetBlue board after taking stake in airline
▼ + stars: | 2024-02-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Carl Icahn won his push for seats on JetBlue Airways' board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake in the New York-based airline and that he was in talks for board representation there. The two new directors are Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, a portfolio manager of Icahn Capital. The JetBlue investment isn't Icahn's first investment in the airline industry. Icahn said in disclosing his JetBlue stake that he believes the shares are undervalued.

Persons: Carl Icahn, Jesse Lynn, Steven Miller, Icahn, Joanna Geraghty, Geraghty, JetBlue hasn't Organizations: JetBlue Airways, Fort, Hollywood International Airport, Icahn Enterprises, Icahn, JetBlue, TWA, NYSE Arca, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, New York

Shares of JetBlue are rising more than 15% before the market open on Tuesday as activist investor Carl Icahn took an almost 10% stake in the airline. Icahn, who purchased the shares in January and February, said in a regulatory filing that he believe JetBlue's stock is undervalued and represents an attractive investment opportunity. He has had talks, and plans to continue talking with JetBlue in regards to possible representation on its board of directors. But shortly after the ruling, JetBlue told Spirit that it may terminate the deal. JetBlue has struggled to recover from the COVID-19 pandemic while its bigger rivals have returned to healthy profitability.

Persons: Carl Icahn, Biden, Joanna Geraghty, Robin Hayes Organizations: JetBlue, JetBlue Airways, Spirit Airlines Locations: York, U.S

☆ JetBlue resets with new CEO, industry veterans to run airline on time, and profitably
▼ + stars: | 2024-02-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

In this article JBLU Follow your favorite stocks CREATE FREE ACCOUNTA JetBlue Airways plane prepares to depart New York's LaGuardia Airport. Leslie Josephs | CNBCIn the 24 years since JetBlue Airways ' first flight, the New York-based airline has pushed the envelope for a carrier of its size. And, until a judge blocked the deal last month, it planned to buy budget airline Spirit Airlines for $3.8 billion. Last week, JetBlue said it has hired back the airline's former chief commercial officer, Marty St. George, 59, as president. A JetBlue Airways plane sits on the tarmac at the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.

Persons: Leslie Josephs, it's, Joanna Geraghty, Robin Hayes, Carl Icahn, Geraghty, Chris Ratcliffe, we've, Marty St, George, Marty, Henry Harteveldt, George's, Warren Christie, JetBlue, We've, Brett Snyder, Snyder, Spirit, Joe Raedle Organizations: JetBlue Airways, New, LaGuardia, CNBC, JetBlue, Spirit Airlines, JetBlue Airways Corp, World Aviation, Bloomberg, Getty, Latam Airlines, United Airlines, US Airways, Atmosphere Research, Transport Workers Union Local, Street, NYSE, Department of Transportation, discounter Frontier Airlines, Fort, Hollywood International Airport Locations: New York, London, Paris, Amsterdam, Dublin, U.S, Delta, United, punctuality, Fort Lauderdale, Fort Lauderdale , Florida

☆ JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued
▼ + stars: | 2024-02-12 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +2 min

Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways , saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. He has had plans to continue discussions with the company "regarding the possibility of board representation," the records said. JetBlue has been cutting costs and working to improve operations in an effort to return to profitability after a post-Covid travel surge and a blocked merger with budget carrier Spirit Airlines.

Persons: Carl Icahn, Icahn, Joanna Geraghty, —, John Melloy, Leslie Josephs Organizations: JetBlue Airways, JetBlue, Icahn, TWA, Spirit Airlines, NYSE Arca, CNBC PRO

☆ JetBlue's incoming CEO Joanna Geraghty on company guidance, merger appeal and growth
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJetBlue's incoming CEO Joanna Geraghty on company guidance, merger appeal and growthCNBC's Phil LeBeau joins 'Power Lunch' with Joanna Geraghty, JetBlue's incoming CEO, to discuss guidance, blocking of the Spirit merger deal, and more.

Persons: Joanna Geraghty, Phil LeBeau Organizations: Spirit

☆ She started as a flight attendant at age 20. Now, she's just been named Japan Airlines' first female president.
▼ + stars: | 2024-01-18 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

Japan Airlines named a woman as president for the first time in its history. AdvertisementThe new president of Japan Airlines is the first woman to helm the top job at the company, the airline announced in a statement on Wednesday. Related storiesTottori will replace Yuji Akasaka, the airline's president since June 2018, per Akasaka's company profile. Two weeks before Tottori's promotion, a Japan Airlines A350 plane collided with a Japan Coast Guard aircraft at Haneda Airport in Tokyo. Japan Airlines did not immediately respond to a request for comment from Business Insider.

Persons: Mitsuko Tottori, —, Yuji Akasaka, Joanna Geraghty Organizations: Japan Airlines, JAL, JetBlue, Service, US, Reuters, Japan Coast Guard, Mainichi, Business Locations: Tottori, Japan, Tokyo

DALLAS (AP) — A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline. Shares of Spirit Airlines Inc. plunged more than half almost immediately, while JetBlue shares gained 8%. Another judge in the same Boston courthouse killed a partnership in the Northeast between JetBlue and American Airlines. Tuesday's ruling could open the door for Frontier Airlines to make another attempt to buy Spirit.

Persons: Biden, William Young, ” Young, Joanna Geraghty, Robin Hayes, Tuesday's Organizations: DALLAS, —, JetBlue Airways, Spirit Airlines, The Justice, JetBlue, New, Justice Department, Spirit Airlines Inc, American Airlines, Frontier Airlines Locations: New York, U.S, Boston, Florida

Robin Hayes, CEO of JetBlue Airways, speaks to guests following the airline's inaugural flight from John F. Kennedy Airport in New York to London Heathrow Airport in London on Aug. 12, 2021. JetBlue CEO Robin Hayes will step down next month, the company said Monday. The airline's chief operating officer, Joanna Geraghty, will take the helm. Hayes, a more than three-decade airline industry veteran, cited the high-pressure nature of the job in announcing his resignation via a company statement. "It's bittersweet to retire from this airline I love, but I will always feel a part of the JetBlue team and be rooting for its continued success," Hayes said.

Persons: Robin Hayes, John F, Joanna Geraghty, Hayes, Geraghty Organizations: JetBlue Airways, Kennedy, London Heathrow Airport, JetBlue, Spirit Airlines, U.S . Department of Justice Locations: New York, London, Delta, Boston

☆ Airlines are scrambling to find spare parts after a major engine manufacturer issued a recall
▼ + stars: | 2023-08-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

And Hawaiian Airlines' CEO said it had "spare support" including from P&W. Airlines are scrambling to find spare parts due to an engine recall which threatens to cancel flights, the Financial Times first reported. JetBlue, Spirit Airlines, Hawaiian Airlines, and Wizz Air are among the fleets which will be affected, and they've been updating investors on how they plan to deal with the disruption. Peter Ingram, the CEO of Hawaiian Airlines, told investors it had "spare support" from engines returning from the shop, or spares "supplied by Pratt & Whitney to support the operating carriers." Spirit, JetBlue, and Hawaiian Airlines did not immediately respond to Insider's request for comment, sent outside US working hours.

Persons: Pratt, Whitney, & Whitney, Joanna Geraghty, Peter Ingram, Pratt & Whitney, Wizz, RTX Organizations: Airlines, Financial Times, JetBlue, Spirit Airlines, Hawaiian Airlines, Wizz, &, Airbus, Pratt &, Reuters, Pratt, Whitney

☆ JetBlue cuts forecast on shift to international travel, end of American Airlines partnership
▼ + stars: | 2023-08-01 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

JetBlue Airways slashed its 2023 outlook and warned of a potential loss in the current quarter as travelers opt for destinations abroad and the carrier grapples with the end of its partnership with American Airlines in the Northeast. JetBlue forecast adjusted earnings per share for the full year ranging from 5 cents to 40 cents, down from an earlier estimate for per-share earnings of as much as $1. Airline executives this earnings season have noted a shift in demand toward long-haul international travel, which was hurt during the pandemic. JetBlue's COO Joanna Geraghty said the shift is "pressuring demand for domestic travel during the peak summer travel period. Both JetBlue and United Airlines said a shortage of air traffic controllers exacerbated flight disruptions resulting from thunderstorms in late June and July.

Persons: Joanna Geraghty, anticompetitive, Geraghty Organizations: JetBlue Airways, American Airlines, Northeast, JetBlue, Revenue, Airline, ., United Airlines Locations: New York, Boston

☆ Flight disruptions continue on peak July Fourth travel day, with United faring the worst
▼ + stars: | 2023-06-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

Flight delays and cancellations continued to mar thousands of Fourth of July travelers on Friday, with United Airlines passengers bearing the brunt of the problems. United Airlines has fared the worst with disruptions, with half of its mainline flights arriving late during that six-day period amounting to average delays of 106 minutes, according to FlightAware data. Transportation Secretary Pete Buttigieg called United out for the flight disruptions, saying the airline's disruptions were "elevated but moving in the right direction." United said late Thursday that it expected cancellations and delays to continue to improve into the holiday weekend. "It led to massive delays, cancellations, diversions, as well as crews and aircraft out of position," Kirby wrote in a staff note, which was seen by CNBC.

Persons: Pete Buttigieg, United, schedulers, Ken Diaz, Garth Thompson, Scott Kirby, Monday, Kirby, Joanna Geraghty Organizations: JFK International, Airlines, Transportation Security Administration, Federal Aviation, United Airlines, O'Hare, U.S, JetBlue Airways, Transportation, Association of Flight, Air Line Pilots Association, United, FAA, Newark Liberty International, New, CNBC, JetBlue Locations: New York City, Canada, East, Chicago , Illinois, U.S, New York, United, New Jersey

Jan 26 (Reuters) - U.S. carriers on Thursday gave strong earnings forecasts for the year despite economic worries after buoyant demand for air travel during the crucial holiday season helped lift quarterly results. On Thursday, American Airlines (AAL.O), JetBlue Airways Corp (JBLU.O) and Alaska Air Group (ALK.N) all forecast better-than-expected earnings for the full year. The company's Northeast Alliance partner American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data. "As we turn our attention to 2023, we will continue to prioritize reliability, profitability and debt reduction," American Airlines Chief Executive Robert Isom said. read moreBoth American Airlines and JetBlue posted fourth-quarter earnings that beat estimates on Thursday.

☆ JetBlue, Beloved for Its Snacks and Wi-Fi, Tries Fixing Its Flying
▼ + stars: | 2023-01-25 | by ( Dawn Gilbertson | ) www.wsj.com time to read: 1 min

LONG ISLAND CITY, N.Y.— JetBlue Airways Chief Executive Robin Hayes pulled up a flight tracking app on his smartphone and ticked off real-time flight delay stats for his and other airlines. JetBlue had the lowest rate of delayed flights of any major U.S. airline on this mid-January weekday. On-time arrivals were running around 94% for the day, two points shy of the airline’s all-time record, airline President Joanna Geraghty boasted.

☆ The Wall Street Journal ranked US airlines from worst to best. See the list.
▼ + stars: | 2023-01-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The Wall Street Journal has revealed its annual list of the best and worst airlines in the US. Delta Air Lines took the top spot, while JetBlue Airways lagged behind competitors. According to aviation data company Anuvu, which provided the numbers for WSJ's rankings, Delta had the best on-time arrival rate of 81.7%. Here's a closer look at the WSJ's list of the best and worst airlines in the US. Delta Air LinesDelta Air Lines.

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