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Search resuls for: "Rajesh Kumar Singh David Shepardson Diane Bartz"


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☆ JetBlue says it will end alliance with American to save Spirit merger deal
  + stars: | 2023-07-05 | by ( Rajesh Kumar Singh David Shepardson Diane Bartz | Rajesh Kumar Singh | David Shepardson | ) www.reuters.com   time to read: +3 min
JetBlue said it had informed American last week of its decision to terminate the three-year-old alliance, which allowed the two carriers to coordinate flights and pool revenue. The "Northeast Alliance" with JetBlue helped American compete in the New York market, where it had been losing money. On May 19, U.S. District Judge Leo Sorokin in Boston ordered JetBlue and American to end the partnership, saying it "substantially" diminished competition in the domestic market. JetBlue said its decision to unwind the alliance would not result in any immediate changes for customers. But without the alliance, Hayes said JetBlue would likely need fewer employees in New York and Boston.
Persons: judge's, U.S . Justice Department's, Robin Hayes, Andre Barlow, Doyle, Barlow, Mazard PLLC, Leo Sorokin, Hayes, Rajesh Kumar Singh, David Shepardson Diane Bartz, Will Dunham, David Gregorio, Jamie Freed Organizations: JetBlue Airways, Spirit Airlines, American Airlines, The, JetBlue, American, U.S, U.S ., US Airways, DOJ, ALLIANCE, District, Northeast Alliance, furloughs, Thomson Locations: U.S, The New York, American, New York, Boston, Chicago, Washington
☆ American Airlines to appeal JetBlue alliance court ruling
  + stars: | 2023-05-31 | by ( Rajesh Kumar Singh David Shepardson Diane Bartz | Rajesh Kumar Singh | David Shepardson | ) www.reuters.com   time to read: +2 min
May 31 (Reuters) - American Airlines Group (AAL.O) will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp (JBLU.O), American CEO Robert Isom said on Wednesday. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference. American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth largest. Even as the Texas-based carrier prepares to appeal the ruling, Isom said it will have to work with the Justice Department and JetBlue to figure out what it does in the interim. American, which reiterated its full-year profit forecast Wednesday, doesn't expect the court ruling to have a material impact on its earnings.
Persons: Robert Isom, Leo Sorokin, We've, Isom, Sorokin, Joe Biden's, doesn't, Rajesh Kumar Singh, David Shepardson, Diane Bartz, Deepa Babington, Lisa Shumaker Organizations: American Airlines Group, JetBlue Airways Corp, . U.S, District, Bernstein Conference, JetBlue, U.S . Justice Department, U.S, Justice Department, Thomson Locations: U.S, American, ., Boston, New York, Texas, Chicago, Washington
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