Market Chatter: JetBlue to Add First-Class Seats, Reduce Routes in Turnaround Plan

MT Newswires Live12-11

JetBlue Airways (JBLU) is installing first-class seats and plans to focus on fewer routes in a new plan to turn around from $3 billion in losses since 2020 and a failed merger with Spirit Airlines (SAVE), The Wall Street Journal reported Wednesday, citing Chief Executive Joanna Geraghty.

JetBlue's new first-class seats will start arriving in 2026 and will be wider than other seats, arranged two-by-two featuring more legroom and deeper recline, the Journal said.

Geraghty did not give pricing details, according to the report.

The airline is also abandoning a goal of becoming a nationwide alternative to larger airlines, deferring an order for nearly four dozen new planes, the report said. It will be exiting 16 cities and removing more than 50 routes, focusing on East Coast vacation destinations, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment