Tag: JetBlue

American Airlines would consider new JetBlue venture if it wins appeal

By David Shepardson WASHINGTON (Reuters) – American Airlines told an appeals court Monday would consider a new arrangement with JetBlue Airways if it wins a ruling reversing a May 2023 decision requiring it to end an alliance. U.S. District Judge Leo Sorokin ruled in the airlines’ “Northeast Alliance” (NEA) that allowed the two carriers to […]

A man repeatedly punched by Mike Tyson in a viral video taken on a JetBlue flight is suing the former heavyweight champ — 2 years after the incident

In 2022, footage went viral of Mike Tyson repeatedly punching a fellow passenger on a JetBlue flight. Two years later, the passenger,  Melvin Townsend, is suing Tyson for damages Tyson’s representatives told Business Insider he will “be 100% refuting these ridiculous claims.” A man who was punched repeatedly by Mike Tyson in first-class on a flight […]

JetBlue stock plunges as much as 19% as profitability goal hits setback

JetBlue’s (JBLU) stock sank as much as 19% on Tuesday after the airline cut its annual revenue forecast. It’s another setback in the company’s attempts to get back to a black bottom line. “We’ve got to get the business back to profitability,” JetBlue CFO Ursula Hurley said during the airline’s conference call. Profitability would mean […]

JetBlue to cancel some flights out of Fort Lauderdale-Hollywood. Are more coming?

JetBlue Airways, struggling to cope with the expense of its failed merger attempt with Spirit Airlines, will soon be cancelling from Fort Lauderdale-Hollywood International Airport (FLL) to Atlanta, New Orleans, Austin, Kansas City, Nashville and Salt Lake City. It also plans to end service from Fort Lauderdale-Hollywood to Bogota, Colombia, Quito, Ecuador, and Lima, Peru. […]

JetBlue, Spirit Airlines call off $3.8 billion merger on antitrust hurdle

(Reuters) -Low-cost rivals JetBlue Airways and Spirit Airlines have agreed to call off their $3.8 billion merger agreement on Monday after a U.S. judge blocked the deal on anti-competition concerns. A successful deal would have created the fifth-largest carrier in the United States and helped Spirit secure its survival. “Given the hurdles to (deal) closing […]

Banner week for billionaire investor Carl Icahn – a total of four board seats at JetBlue and American Electric Power will go to deputies as Icahn celebrates his 88th birthday

The corporate raider Carl Icahn might be on a new streak as of today, his 88th birthday. JetBlue Airways announced on Friday that it had struck a deal to grant seats on the company’s board of directors to two representatives from Icahn’s companies. The lightning-fast JetBlue settlement came just days after utility company American Electric […]

JetBlue shares rise as activist investor Carl Icahn takes stake in US airline

Shares in JetBlue rose more than 15% before the US market opened on Tuesday as activist investor Carl Icahn took an almost 10% stake in the airline. The businessman, who purchased the shares in January and February, said in a regulatory filing that he believes JetBlue’s stock is undervalued and represents an attractive investment opportunity. […]