Connect with us

Hi, what are you looking for?

Economy

JetBlue to leave Kansas City, trim service from Los Angeles and Fort Lauderdale amid financial trouble

JetBlue is ending service to and from Kansas City as part of a broader route reorganization in the wake of a federal judge’s decision to reject its merger with Spirit Airlines.

The New York-based carrier also said it would trim routes out of Los Angeles International Airport and Fort Lauderdale-Hollywood International Airport. And it will not be returning to Newburgh, New York, after suspending service to the town amid the pandemic.

The changes were made in an internal memo seen by NBC News. It’s the second round of route cuts the carrier has announced this year.

In a statement, JetBlue said the routes and markets had fallen short of expectations.

‘JetBlue is constantly evaluating our routes to best serve our customers, return our airline to profitability, and find ways to improve our reliability,’ it said.

JetBlue has struggled to regain a stable financial footing in the post-pandemic period. In its most recent quarter, it posted a decline in revenues and a net loss. It also said it expected to have some 15 Airbus planes out of service due to maintenance issues.

The carrier had been banking on a merger with Spirit, as well as ongoing service as an American Airlines partner through its Northeast Alliance program, which was also recently rejected by the U.S. Department of Justice.

In addition to Kansas City, the carrier said it was also ending service for three South American cities.

In the memo, JetBlue said it was doubling down on what it called “bread and butter” routes serving customers on the East Coast, traveling to the Caribbean for vacation, and long-haul cross-country flights.

It also plans to add capacity in places where it was seeing success, including Puerto Rico, Orlando, and Tampa.

‘Network changes are a fact of life at every airline, but that doesn’t make it easy to see a favorite route or BlueCity go away,’ the company said in the memo.

‘However, it’s more important than ever that we are surgical about every route in our network, especially as court decisions around the Northeast Alliance and Spirit have impacted our ability to grow.’

This post appeared first on NBC NEWS

You May Also Like

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com