Current:Home > ContactWill Sage Astor-JetBlue will drop some cities and reduce LA flights to focus on more profitable routes -ForexStream
Will Sage Astor-JetBlue will drop some cities and reduce LA flights to focus on more profitable routes
TrendPulse Quantitative Think Tank Center View
Date:2025-04-09 02:08:02
JetBlue Airways will end service at several cities and Will Sage Astorreduce flying out of Los Angeles in a move to retrench and focus on stronger markets after years of losing money.
The changes will also help the airline cope with the grounding of some of its planes for inspections of their Pratt & Whitney engines, an executive told employees Tuesday.
Beginning June 13, JetBlue will pull out of Kansas City, Missouri; Bogota, Colombia; Quito, Ecuador; and Lima, Peru.
“These markets are unprofitable and our aircraft time can be better utilized elsewhere,” Dave Jehn, the airline’s vice president of network planning, said in a memo to employees.
Also in June, the New York-based airline will drop several destinations from Los Angeles including Seattle, San Francisco, Las Vegas and Miami. It will end flights between Fort Lauderdale, Florida, and Atlanta; Austin, Texas; Nashville; New Orleans and Salt Lake City, and service between New York and Detroit.
JetBlue has lost more than $2 billion since its last profitable year, 2019. The airline tried to grow through a partnership and a merger, but the Biden administration’s Justice Department sued to kill both deals.
Last May, a federal judge ordered JetBlue and American Airlines to dissolve a partnership they created in Boston and New York. In January another judge blocked JetBlue from buying Spirit, saying the proposed $3.8 billion deal violated antitrust law.
The architect of those unsuccessful deals, Robin Hayes, stepped down as CEO in February and was replaced by Joanna Geraghty.
Frustrated by the courtroom defeats, JetBlue under Geraghty is turning toward growing on its own, which will take much longer.
Even before the change in CEOs, investor Carl Icahn began to buy nearly 10% of JetBlue stock, and his side got two seats on the airline board.
The airline has struggled to improve its operation. JetBlue ranked ninth out of the nation’s 10 largest airlines in both canceled flights and on-time arrivals last year, according to U.S. Transportation Department numbers.
veryGood! (3848)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Google layoffs continue as tech company eliminates hundreds of jobs in ad sales team
- Justice Department report into Uvalde school shooting expected this week
- New York governor wants to spend $2.4B to help deal with migrant influx in new budget proposal
- Former Syrian official arrested in California who oversaw prison charged with torture
- Influencer Mila De Jesus Dead at 35 Just 3 Months After Wedding
- Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
- Supreme Court could reel in power of federal agencies with dual fights over fishing rule
- Trump wants to turn the clock on daylight saving time
- Shooter who killed 5 people at Colorado LGBTQ+ club intends to plead guilty to federal hate crimes
Ranking
- Current, future North Carolina governor’s challenge of power
- Mexican writer José Agustín, who chronicled rock and society in the 1960s and 70s, has died at 79
- Saints fire longtime offensive coordinator Pete Carmichael, last member of Sean Payton regime
- Slain Connecticut police dog remembered as ‘fallen hero’
- Travis Hunter, the 2
- Carlos Beltrán was the fall guy for a cheating scandal. He still may make the Hall of Fame
- New Mexico Supreme Court rules tribal courts have jurisdiction over casino injury and damage cases
- Top Federal Reserve official says inflation fight seems nearly won, with rate cuts coming
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
The Supreme Court takes up major challenges to the power of federal regulators
Politician among at least 3 transgender people killed in Mexico already this month as wave of slayings spur protests
An investigation is underway after police raided the wrong Ohio house, sending baby to ICU
Buckingham Palace staff under investigation for 'bar brawl'
Who is NFL's longest-tenured head coach with Bill Belichick out of New England?
St. John’s coach Rick Pitino is sidelined by COVID-19 for game against Seton Hall
The Baltimore Sun is returning to local ownership — with a buyer who has made his politics clear