Latest news with #BlueSky
CTV News
6 hours ago
- Business
- CTV News
JetBlue, United partnership gets go-ahead from U.S. Transportation Department
In this Oct. 18, 2019, file photo a JetBlue Airways flight flies in to Salt Lake City International Airport in Salt Lake City. (Rick Bowmer / AP Photo) JetBlue and United Airlines have cleared the U.S. Department of Transportation's review of their planned partnership which allows them to proceed with the implementation, the companies said on Tuesday. JetBlue had been seeking partnerships after a federal judge blocked its alliance with American Airlines in 2023. In May, JetBlue and United unveiled a partnership, dubbed 'Blue Sky,' that would allow travelers to book flights on both carriers' websites, while interchangeably earning and using points in their frequent flyer programs. Under the agreement, JetBlue would also provide United access to slots at the congested JFK International Airport at New York for up to seven daily round-trip flights, set to begin in 2027. The company said that the partnership is expected to contribute US$50 million more in incremental operating profit than it had initially planned. 'We believe Blue Sky will enable each airline to offer its customers access to hundreds of new flights and destinations through a traditional interline agreement,' said Marty St. George, JetBlue's president. Spirit Airlines in June had urged the U.S. transportation body to reject the collaboration between the two carriers, saying it was anticompetitive and would prompt other large carriers to pursue similar deals. Michael Ashley Schulman, chief investment officer at Running Point Capital, said by removing the antitrust triggers that led to the collapse of JetBlue's Northeast Alliance — such as shared revenue and joint scheduling — BlueSky has introduced a model that other mid-sized carriers could replicate with less risk of regulatory pushback. Antitrust officials under the Trump administration have been taking a more lenient approach to corporate deals, a shift from the stricter stance seen under Biden. In June, they approved several multibillion-dollar deals in just one week, signaling a greater willingness to settle with companies. More than 100 transactions have been granted shorter reviews this year, according to FTC data from July. JetBlue and United said that Blue Sky would begin introducing new customer benefits starting in fall 2025, rolling them out in phases. --- Reporting by Aishwarya Jain in Bengaluru and Doyinsola Oladipo in New York; Editing by Shailesh Kuber
Yahoo
7 hours ago
- Business
- Yahoo
JetBlue Posts Smaller-Than-Expected Loss As JetForward Strategy Gains Traction
JetBlue Airways Corp. (NASDAQ:JBLU) reported better-than-expected second-quarter 2025 results on Tuesday. The company delivered a modest operating profit and reinforced investor confidence in its JetForward turnaround strategy despite persistent macroeconomic headwinds. The airline posted an adjusted net loss of $58 million, or 16 cents per share, beating analyst estimates of a 34-cent loss. Revenue totaled $2.36 billion, down 3% year over year, but above Wall Street's expectation of $2.27 billion. The company's adjusted operating margin improved to 1.3%, marking a return to profitability after posting a negative margin in the previous quarter. On a GAAP basis, JetBlue reported a net loss of $74 million, or 21 cents per Joanna Geraghty said the company exited the first half of 2025 with meaningful progress on its multi-year JetForward plan, citing operational investments that improved on-time performance by three percentage points year over year and drove a double-digit increase in customer satisfaction. 'Despite facing an uncertain economic backdrop, we met or exceeded our financial targets,' Geraghty said. JetBlue's capacity in the second quarter declined 1.5% from the year-ago period, while total operating expenses fell 0.9% to $2.4 billion. Operating expense per available seat mile, excluding fuel (CASM ex-fuel), rose 6.0% year over year. However, due to continued cost control initiatives, it remained below the high end of the company's guidance. The average fuel price was $2.40 per gallon. The airline said it delivered $90 million in incremental EBIT from JetForward in the first half of 2025, bringing cumulative gains under the plan to $180 million. In May, JetBlue launched 'Blue Sky,' a new interline partnership with United Airlines that allows customers of both carriers to access expanded routes and earn and redeem loyalty points across each network. The initiative is expected to generate $50 million more in EBIT than originally projected and further accelerate JetBlue's transformation efforts. View more earnings on JBLU As part of its cost optimization and fleet modernization strategy, JetBlue sold its remaining Embraer E190 aircraft and two future Airbus A321neo XLR deliveries. It also completed a transaction to divest select assets from its JetBlue Technology Ventures subsidiary to SKY Leasing, reducing costs while retaining the portfolio's long-term upside. Chief Financial Officer Ursula Hurley said the company is reinstating its full-year unit cost guidance from earlier in the year, despite flying 1.5 points less capacity than initially planned. She added that the outlook for grounded aircraft due to Pratt & Whitney engine issues has improved, with the company now expecting to average fewer than 10 aircraft on the ground in 2025, down from prior expectations of mid-to-high teens. Outlook During the earnings conference call, a JetBlue executive reportedly stated that the airline will not be providing revenue guidance beyond the third quarter due to a 'choppy macro environment.' For the third quarter, JetBlue expects capacity to range from a 1% decline to a 2% increase year over year. Unit revenue is forecast to fall between 2% and 6%, while CASM ex-fuel is projected to rise between 4% and 6%. Capital expenditures for the quarter are estimated at approximately $375 million. For the full year 2025, JetBlue expects capacity to decline between 0.5% and 2.5%, while CASM ex-fuel is forecast to increase between 5.0% and 7.0%. The company anticipates interest expense of roughly $600 million and capital expenditures of approximately $1.2 billion as it continues investing in fleet modernization and operational improvements. 'Demand for air travel improved as the quarter progressed, resulting in significant strength for bookings within 14 days of travel, as well as for peak travel periods,' said JetBlue President Marty St. George. 'We are encouraged to see that momentum carry into July, and we are optimistic that demand will continue to improve through the end of the year.' Separately, JetBlue Airways and United Airlines (NASDAQ:UAL) announced Tuesday that they have completed the U.S. Department of Transportation's review of their Blue Sky collaboration and are moving forward with implementation. The partnership will enable customers to earn and redeem MileagePlus miles and TrueBlue points across both carriers, book flights across complementary networks through interline agreements, and access reciprocal loyalty perks such as priority boarding and same-day standby. Initial customer benefits will begin rolling out this fall, followed by expanded service at JFK and Newark. United also plans to adopt JetBlue's Paisly platform to power non-flight travel offerings such as hotels, rental cars, and insurance. Price Action: At last check Tuesday, JBLU shares were trading higher by 4.69% at $4.564. Read Next:Photo by Coby Wayne via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report This article JetBlue Posts Smaller-Than-Expected Loss As JetForward Strategy Gains Traction originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
11 hours ago
- Business
- USA Today
United, JetBlue get green light on new partnership, extending benefits for customers
United Airlines and JetBlue Airways customers will soon be able to leverage their frequent flyer miles and status across both airlines. The Department of Transportation has approved a previously announced new partnership between the carriers. "Blue Sky is a new and unique collaboration designed to give customers of both airlines even more options to find flights that fit their plans as well as new opportunities to earn and use MileagePlus® miles and TrueBlue points across both airlines," JetBlue said in a press release on July 27, announcing federal regulators' approval. The Blue Sky partnership, with no relation to the social platform of the same name, will begin rolling out in phases this fall. Here's what travelers can expect. Earning and spending miles Passengers will be able to earn and spend miles in either loyalty program on most flights on either airlines. United and JetBlue will also offer each others' flights for sale on their websites. Although the exact start date for reciprocal perks has not yet been announced, here's what frequent flyers with status can expect across both airlines: Other partnership plans In addition to perks for flyers, the airlines have agreed to "net neutral" swaps in the business side as well. JetBlue is giving United slots for up to seven daily round-trip flights at New York's John F. Kennedy International Airport starting in early 2027. In turn, United and JetBlue will exchange eight flight timings at Newark Liberty International Airport. United will also move to JetBlue's Paisly platform for sales of some non-flight products including cruises, hotels, rental cars and travel insurance. Contributing: Eve Chen, USA TODAY
CNBC
11 hours ago
- Business
- CNBC
JetBlue, United partnership gets go-ahead from U.S. Transportation Department
JetBlue and United Airlines have cleared the U.S. Department of Transportation's review of their planned partnership, which allows them to proceed with the implementation, the companies said on Tuesday. JetBlue had been seeking partnerships after a federal judge blocked its alliance with American Airlines in 2023. In May, JetBlue and United unveiled a partnership, dubbed "Blue Sky," that would allow travelers to book flights on both carriers' websites, while interchangeably earning and using points in their frequent flyer programs. Under the agreement, JetBlue would also provide United access to slots at the congested JFK International Airport in New York for up to seven daily round-trip flights, set to begin in 2027. The company said that the partnership is expected to contribute $50 million more in incremental operating profit than it had initially planned. "We believe Blue Sky will enable each airline to offer its customers access to hundreds of new flights and destinations through a traditional interline agreement," said Marty St. George, JetBlue's president in a statement. Spirit Airlines in June had urged the U.S. transportation body to reject the collaboration between the two carriers, saying it was anticompetitive and would prompt other large carriers to pursue similar deals. Antitrust officials under the Trump administration have been taking a more lenient approach to corporate deals, a shift from the stricter stance seen under Biden. In June, they approved several multibillion-dollar deals in just one week, signaling a greater willingness to settle with companies. More than 100 transactions have been granted shorter reviews this year, according to FTC data from July. JetBlue and United said that Blue Sky would begin introducing new customer benefits starting in fall 2025, rolling them out in phases.
Business Wire
13 hours ago
- Business
- Business Wire
JetBlue and United Complete DOT Review of Blue Sky Collaboration
NEW YORK & CHICAGO--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) and United (NASDAQ: UAL) today announced they have completed the U.S. Department of Transportation (DOT) review of their Blue Sky collaboration and are able to proceed to implementation. JetBlue and United appreciate Secretary Duffy, Assistant Secretary Edwards, and the entire team at the DOT for their review of Blue Sky. JetBlue and United will share more details in the coming weeks as implementation of the Blue Sky collaboration begins. Blue Sky is a new and unique collaboration designed to give customers of both airlines even more options to find flights that fit their plans as well as new opportunities to earn and use MileagePlus ® miles and TrueBlue points across both airlines. Blue Sky will begin introducing new customer benefits starting this fall, rolling out in phases: United's MileagePlus customers will be able to earn and use miles on most JetBlue flights. JetBlue's TrueBlue members will be able to earn and use points for flights on United's extensive domestic and international network. Through a traditional interline agreement, each airline will offer flights on one another's website and app to make booking across the two airlines' complementary networks simple and easy. The benefits of each airline's loyalty program - priority boarding, complimentary access to preferred and extra legroom seats and same-day standby/switch - will be available when customers travel on the other airline's aircraft. JetBlue will provide United access to slots at JFK International Airport for up to seven daily round-trip flights out of JFK Terminal 6 to begin as early as 2027. And, as part of a net-neutral exchange, JetBlue and United will exchange eight flight timings at Newark. United will move its website and mobile app's ability to sell hotels, rental cars, cruises and travel insurance, on both a stand-alone and package basis, to new technology and services provided by JetBlue's Paisly platform. About JetBlue JetBlue is New York's Hometown Airline ®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando, and San Juan. JetBlue carries customers to more than 100 cities throughout the United States, Latin America, Caribbean, Canada, and Europe. For more information and the best fares, visit About United At United, Good Leads The Way. With U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers and is now the largest airline in the world as measured by available seat miles. For more about how to join the United team, please visit and more information about the company is at United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol "UAL".
