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Top related persons:
William Young's - 2 John F - 1 Dave Jehn - 1 Jehn - 1 Airlines hasn’t - 1 haven’t - 1 ” - 1 Helane Becker - 1
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New Portland , Oregon San Jose , California Westchester , New York New York Ponce , Puerto Rico Milwaukee , Wisconsin Caribbean
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JetBlue - 2 JetBlue Airways - 1 Spirit Airlines - 1 Kennedy - 1 CNBC - 1 Washington International Thurgood Marshall Airport - 1 Washington D.C - 1 Transportation Department - 1

Search resuls for: "William Young's"


2 mentions found


☆ JetBlue to cut some routes as it pushes for profitability
  + stars: | 2024-01-19 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
JetBlue Airways told staff this week that it will cut some routes and service as it struggles to return to profitability and grapples with the fallout of its blocked plan to buy Spirit Airlines . The airline is instead focusing on leisure routes, adding service throughout the Caribbean and to Paris, the memo said. "We constantly adjust our network to support our strategy and these recent changes are a necessary quick step to help return our business to profitability," JetBlue said. "All the routes included have recently underperformed our expectations and these changes come as post-COVID travel patterns continue to evolve." JetBlue ranked 9th in on-time arrivals among U.S. airlines in the first 10 months of 2023, according to the Transportation Department.
Persons: John F, Dave Jehn, Jehn, William Young's Organizations: JetBlue Airways, Spirit Airlines, JetBlue, Kennedy, CNBC, Washington International Thurgood Marshall Airport, Washington D.C, Transportation Department, CNBC PRO Locations: New, Portland , Oregon, San Jose , California, Westchester , New York, New York, Ponce , Puerto Rico, Milwaukee , Wisconsin, Caribbean, Paris, Baltimore, Washington
☆ With Merger Scuttled, Spirit Airlines Faces an Uncertain Future. Is Bankruptcy a Possibility?
  + stars: | 2024-01-17 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +4 min
A sale to JetBlue represented a lifeline for Spirit, which faces $1.1 billion in debt maturing next year. But a federal judge in Boston scuttled that plan by ruling Tuesday that JetBlue’s $3.8 billion proposal to buy Spirit violates antitrust law. But Frontier has its own challenges and is in no position to renew merger discussions with Spirit now, Baker said. Like Spirit, JetBlue has not had a profitable year since 2019, before the pandemic. Investors are also trying to gauge what the ruling against the JetBlue-Spirit deal means for Alaska Airlines' pending proposal to buy Hawaiian Airlines.
Persons: Airlines hasn’t, haven’t, William Young's, ”, Helane Becker, Cowen, “, Jamie Baker wasn’t, ” Baker, Baker, Judge Young, Young, Robin Hayes –, Biden, hasn't, Michael Linenberg Organizations: Airlines, JetBlue, Justice Department, Bank of America, Pratt & Whitney, Airbus, Frontier Airlines, –, Investors, Alaska Airlines, Hawaiian Airlines, Deutsche Bank, Spirit, American Airlines Locations: Boston, Miramar , Florida, Alaska
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