Matt Molnar
2006-10-24, 10:42 PM
International codeshares in the works...
Financial Times (http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=FT&Date=20061024&ID=6130789) (via MSNBC):
JetBlue announced plans on Tuesday to start code-sharing with international carriers, in another departure by the US airline from the low-cost business model adopted by rivals such as Southwest and AirTran.
JetBlue said it was in talks with "large international carriers" to cross-sell seats for services from its base at New York's JFK airport, the largest US gateway.
Dave Neeleman, chief executive, said the partners would be announced in the coming months, in a move that will increase pressure on Delta Air Lines, which is expanding its domestic network from JFK to feed its own international routes. JetBlue is constructing its own terminal at the airport.
Slight Q3 loss announced...
Reuters (http://www.washingtonpost.com/wp-dyn/content/article/2006/10/24/AR2006102400515.html) (via Washington Post):
Six-year-old JetBlue, which is in the midst of a restructuring program, posted a net loss of $500,000, or nil per share, compared with a net profit of $2.7 million, or 2 cents per share, in the year-earlier quarter. Analysts expected the company to break even, according to Reuters Estimates.
Will reduce growth plans, possibly sell or lease more of their fleet...
Reuters:
The company said it may take delivery of the 30 planes it has on order for next year and sell or lease older ones. But it didn't specify how many planes or what types would be cut.
With the revised growth plans, JetBlue said it expects capacity to increase 14 percent to 17 percent in 2007. It previously planned to expand capacity 18 percent to 20 percent.
Financial Times (http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=FT&Date=20061024&ID=6130789) (via MSNBC):
JetBlue announced plans on Tuesday to start code-sharing with international carriers, in another departure by the US airline from the low-cost business model adopted by rivals such as Southwest and AirTran.
JetBlue said it was in talks with "large international carriers" to cross-sell seats for services from its base at New York's JFK airport, the largest US gateway.
Dave Neeleman, chief executive, said the partners would be announced in the coming months, in a move that will increase pressure on Delta Air Lines, which is expanding its domestic network from JFK to feed its own international routes. JetBlue is constructing its own terminal at the airport.
Slight Q3 loss announced...
Reuters (http://www.washingtonpost.com/wp-dyn/content/article/2006/10/24/AR2006102400515.html) (via Washington Post):
Six-year-old JetBlue, which is in the midst of a restructuring program, posted a net loss of $500,000, or nil per share, compared with a net profit of $2.7 million, or 2 cents per share, in the year-earlier quarter. Analysts expected the company to break even, according to Reuters Estimates.
Will reduce growth plans, possibly sell or lease more of their fleet...
Reuters:
The company said it may take delivery of the 30 planes it has on order for next year and sell or lease older ones. But it didn't specify how many planes or what types would be cut.
With the revised growth plans, JetBlue said it expects capacity to increase 14 percent to 17 percent in 2007. It previously planned to expand capacity 18 percent to 20 percent.