💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

JetBlue to add more routes under alliance as American Airlines tie-up faces scrutiny

Published 01/12/2023, 10:31 AM
Updated 01/12/2023, 10:37 AM
© Reuters. A JetBlue aeroplane is seen at JFK International Airport in the Queens borough of New York City, New York, U.S., August 11, 2021. REUTERS/Jeenah Moon
JBLU
-
AAL
-

(Reuters) - U.S. low-cost carrier JetBlue Airways (NASDAQ:JBLU) Corp said on Thursday it will launch more routes this year under a partnership with American Airlines (NASDAQ:AAL), even as the tie-up faces a legal challenge by antitrust regulators.

© Reuters. A JetBlue aeroplane is seen at JFK International Airport in the Queens borough of New York City, New York, U.S., August 11, 2021. REUTERS/Jeenah Moon

JetBlue said it will add more routes from New York, Boston and Los Angeles. Across New York's three major airports, the "Northeast Alliance" (NEA) will fly more than 500 daily departures in 2023, as well as nearly 200 daily departures in Boston, the airline added.

The U.S. Justice Department, six states and the District of Columbia have called the NEA a "de facto merger" of the companies' Boston and New York operations and have sued to block the partnership.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.