financetom
Business
financetom
/
Business
/
JetBlue still in talks with multiple airlines for partnership
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
JetBlue still in talks with multiple airlines for partnership
Feb 19, 2025 7:38 AM

NEW YORK, Feb 19 (Reuters) - JetBlue Airways ( JBLU )

said on Wednesday that it is still in talks with multiple

airlines to establish a partnership and is willing to allocate

more funds to get a deal done.

In November, the Boston-based 1st U.S. Circuit Court of

Appeals sided with the U.S. Department of Justice in blocking

the JetBlue ( JBLU ) and American Airlines' ( AAL ) "Northeast Alliance," which

had allowed the two carriers to coordinate flights and pool

revenue.

"When I look at the benefits that we got from the

partnership we had, I think that's something that's attractive

for us," JetBlue ( JBLU ) President Martin St. George told the audience

at the Barclays 42nd Annual Industrial Select Conference in

Miami, Florida.

The biggest benefit of a partnership would be improving the

utility of the company's loyalty points for customers which

trails multiple competitors, he said.

"If we find a deal that's accretive, we'll absolutely do

it," St. George said, adding that the company is looking forward

to letting the Northeast Alliance "play out in the original

design."

The Justice Department under the Biden Administration argued

that the alliance would hurt consumers, saying the partnership

eliminated incentives for American to cut prices to lure

customers from JetBlue ( JBLU ), a historically disruptive rival with

often lower fares.

St. George said there is money in its JetForward plan

allocated for partnership but said if the number had to change,

the company will provide a guide, adding that a financier would

be good for the airline.

The company said its JetForward initiatives included

priorities to improve the company's reliability, network,

product and financial future, targeting $800 million to $900

million for incremental EBIT through 2027.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved