Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
Investing.com -- JetBlue Airways (NASDAQ:JBLU) is maintaining ongoing discussions with several airlines about potential partnerships, according to a statement made by the company on Wednesday. The airline has expressed a willingness to allocate additional funds to secure a deal.
This development comes after the 1st U.S. Circuit Court of Appeals in Boston sided with the U.S. Department of Justice in November, blocking the "Northeast Alliance" between JetBlue and American Airlines (NASDAQ:AAL). The alliance had previously enabled the two carriers to coordinate flights and share revenue.
JetBlue’s President, Martin St. George, spoke at the Barclays (LON:BARC) 42nd Annual Industrial Select Conference, stating that the company found the benefits from previous partnerships attractive and is actively engaged in talks with multiple airlines. He confirmed that funds have been set aside in JetBlue’s ’Jet four’ plan for partnership, but the exact amount is yet to be determined.
St. George added that if a deal is agreed upon, and if the financial commitment needs to be adjusted, the company will provide guidance at that time. He emphasized his belief that a partnership would be beneficial for JetBlue.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.