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NEW YORK - JetBlue (NASDAQ: JBLU), currently trading at $3.67 and valued at $1.3 billion in market capitalization, has broadened the utility of its TrueBlue loyalty program through a partnership expansion with Japan Airlines, allowing members to redeem their points for flights operated by the East Asian carrier. According to InvestingPro analysis, the airline appears slightly undervalued at current levels, though it faces significant operational challenges. This development, announced today, enables TrueBlue participants to use their accumulated points to book travel to various destinations across Japan and East Asia on jetblue.com.
The collaboration signifies the first occasion TrueBlue members have the option to redeem points for travel with an airline partner in East Asia, reflecting JetBlue’s commitment to providing more value and flexibility to its customers. The partnership is expected to benefit travelers looking to explore cities like Tokyo, Osaka, Okinawa, and Hokkaido with the convenience of using their loyalty points.
Edward Pouthier, vice president of loyalty and personalization at JetBlue, expressed enthusiasm for the expansion, stating it offers TrueBlue members additional avenues to utilize their points and enhances the network of trusted airline partners.
In reciprocity, Japan Airlines Mileage Bank members will now have the opportunity to redeem their miles for select flights across JetBlue’s network, which includes destinations in Latin America, the Caribbean, Canada, and the U.S. East Coast. Yasushi Omori, executive officer and senior vice president of mileage and lifestyle business at Japan Airlines, remarked that the partnership strengthens their network beyond New York and Boston, where direct flights from Japan are currently available.
JetBlue, known as New York’s Hometown Airline®, operates flights to over 100 destinations in the United States, Latin America, the Caribbean, Canada, and Europe. The airline continues to focus on delivering a customer-centric travel experience, now enhanced by the extended reach of its loyalty program through strategic partnerships.
This partnership update is based on a press release statement and provides TrueBlue members with new opportunities for international travel using their points, while also offering Japan Airlines customers access to JetBlue’s extensive network. With annual revenue of $9.28 billion and trading at a Price/Book ratio of 0.49, the airline faces financial headwinds, including significant debt levels and negative earnings per share of $2.30. Investors can access detailed analysis and 12 additional key insights through InvestingPro’s comprehensive research report, with the next earnings announcement scheduled for April 29, 2025.
In other recent news, JetBlue Airways Corporation has narrowed its capacity forecast for the first quarter of 2025, citing disruptions from weather and fluctuations in demand. The airline now anticipates a decrease in available seat miles by 4% to 5%, adjusting from its earlier projection of a 2% to 5% decline. Despite these challenges, JetBlue maintains its outlook for operating revenue per available seat mile to range between -0.5% and +3.5% year-over-year. The company also reduced its capital expenditure forecast to approximately $215 million, a significant drop from the previous estimate of $270 million and below the analyst consensus of $303.8 million. In leadership changes, JetBlue announced the appointments of Daniel Blake as Vice President of Airports Experience and Edward Pouthier as Vice President of Loyalty & Personalization. Blake, with 18 years at JetBlue, will manage airport operations, while Pouthier, who joined in 2022, will focus on the TrueBlue loyalty program. Both executives aim to enhance JetBlue’s customer experience and loyalty. These developments reflect JetBlue’s ongoing efforts to address operational challenges and strengthen its leadership team.
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