JetBlue Airways, seeking to protect a planned $3.8 billion purchase of Spirit Airlines, said on Wednesday it would follow a US judge’s May order that it end an alliance with American Airlines
The New York-based carrier said while it “strongly” disagrees, it would not appeal the court’s ruling. JetBlue said it had informed American last week of its decision to terminate the three-year-old alliance, which allowed the two carriers to coordinate flights and pool revenue. American said on Wednesday it still planned to appeal the ruling. American is the largest US airline by fleet size and JetBlue is the sixth largest.
The “Northeast Alliance” with JetBlue helped American compete in the New York market, where it had been losing money. It allowed American to move away from unprofitable routes while maintaining a presence in New York and letting it feed traffic to its global partners who fly into the region. American has yet to spell out plans for the capacity it gave to JetBlue. The carrier could now be forced to rebuild its capacity or cut international flights out of the region.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JetBlue won't appeal ruling to block American Airlines partnership, will focus on Spirit acquisitionA federal judge ordered last month JetBlue and American to undo their partnership in the Northeast, ruling it violated antitrust law.
Read more »
JetBlue to end JV with American Airlines to ‘focus’ on Spirit mergerJetBlue Airways Corp. said late Wednesday it will unwind a joint venture with American Airlines Group Inc. in airports in the Boston and the New York City...
Read more »
JetBlue dumps partnership with American Airlines to salvage purchase of SpiritJetBlue’s decision to choose a purchase of Spirit over a geographically limited deal with American grew more likely in recent weeks, as JetBlue declined to say whether it would appeal the Northeast…
Read more »
JetBlue is dumping its partnership with American Airlines to salvage its purchase of SpiritJetBlue says it will end a partnership with American Airlines in the Northeast after losing a court fight over the deal, and will instead focus on salvaging its proposed purchase of Spirit Airlines.
Read more »
JetBlue is dumping its partnership with American Airlines to salvage its purchase of SpiritJetBlue Airways said the airlines will wind down the deal with American Airlines in New York and Boston in the coming months and “turn even more focus” on its proposed $3.8 billion purchase of Spirit.
Read more »
JetBlue, Turning Focus to Spirit Deal, Won’t Try to Save American PartnershipJetBlue said it would drop its fight to keep a partnership with American Airlines, focusing instead on its plan to acquire Spirit Airlines—which also faces a Justice Department challenge
Read more »