American Airlines and JetBlue have agreed to pay a group of U.S. states nearly $2 million in legal fees after the states won a trial challenging the airlines' now-blocked U.S. Northeast partnership.
In December, JetBlue launched its JetForward strategy, which involves cutting unprofitable flight routes and restructuring its overall route network to shrink costs. The airline stated in the earnings report that it will double down on this strategy to boost profits.
Executives from the New York-based carrier talked up many changes, including its new EvenMore product (formerly its Even More Space product) that debuted Tuesday, its premium cobranded credit card set to roll out shortly,
The airline is in the middle of a plan to reduce costs by culling unprofitable routes and drumming up revenue with higher-priced seats.
A regional jet on approach to landing at Reagan National Airport collided with a military helicopter over the Potomac River late Wednesday night, prompting a massive search and rescue operation.
The JetBlue Premier World Elite Mastercard, issued by Barclays, is the priciest card in the airline’s cobranded lineup, featuring a $499 annual fee. For a limited time, new applicants can score 70,000 bonus points and five elite-qualifying Mosaic tiles by spending $5,000 within the first three months.
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New flights have been added for Kansas City and Philly fans, with one airline adding flights on a route it doesn't normally serve.
"The added ability to pay with Venmo for flights on JetBlue and manage travel costs during the trip through Groups helps solve the pain points of shared expenses from the time of booking to returning home," PayPal's John Anderson, senior vice president and general manager of consumer, said in a statement.
JetBlue stock price has underperformed other American airline companies like United Airlines, Delta, and American Airlines. It has dropped by over 63% from its highest level in 2021, bringing its valuation to $2.
Venmo payment options are the latest announcement in a broader effort from JetBlue to enhance its services and boost profits. The struggling low-cost carrier has searched for new revenue streams as larger airlines introduce their own budget options, increasing competition for those flyers.