to the airlines, and will allow American to benefit from JetBlue’s strength in the New York and Boston markets.
The goal is to increase market share for both airlines, as JetBlue CEO Joanna Geraghty said in the statement, “pairing JetBlue’s domestic network with American’s international route map creates a new competitive choice in the Northeast, where customers are longing for an alternative to the dominant network carriers,” adding, “this partnership with American is the next step in our plan to accelerate our coronavirus recovery.
When asked whether the airlines would pursue a merger, an American spokeswoman sidestepped the question,The news comes a day after American Airlines wrote a memo 25,000 front-line employees that they could be laid off in the fall; the airline previously cut 30% of its corporate staff. Rep.
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JetBlue and American will share passengers in bid to fend off United and DeltaAmerican and JetBlue partner to sell seats on each other’s planes, helping the airlines better compete in the New York and Boston markets. As long as AA_MRO keeps filling that middle seat, frequent flyers willing to travel will continue to fly a more Covid-cautious airline!
Source: CNBC - 🏆 12. / 72 Read more »
American Airlines, JetBlue announce partnership in northeast - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Noooo! I hate American. I only fly Jet Blue. The airline industry in 2020 is wild, this is like Post-9/11 survival strategies but on steroids. Oh no! American Airlines is the worst!!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »
American, JetBlue pairing up to woo more travelers, battle rivals in New York, BostonUnder the new alliance, the airlines will feed each other passengers on flights to and from New York and Boston. I thought we weren’t allowed to come to NY? KEEP your money home don't feed Cuomo-De Blasio con machine. We won’t be on any airplanes this year in my house. But I’m lucky I live in Boston & drive to NY whenever we feel like it.
Source: USATODAY - 🏆 100. / 63 Read more »
American Airlines warns 25,000 employees about potential job cuts as coronavirus continues to sap demandAmerican Airlines became the latest airline to warn staff about potential furloughs. Funny...they took the handout from the govt and didn't have an issue The airline industry is dead Maybe they should demand people like say, Ted Cruz wear masks all the time so people won't be afraid to fly.
Source: CNBC - 🏆 12. / 72 Read more »
American Airlines warns 25,000 workers of potential furloughsAmerican Airlines Group Inc. shares dipped 2% in after-hours trading Wednesday after it sent notices to 25,000 workers -- about one-fifth of its workforce -- about potential furloughs as the airline copes with what it calls slackening demand for air travel during the pandemic. American, which is prohibited from slashing jobs or pay rates through Sept. 30 under terms of $25 billion in federal payroll support, also urged employees to take buyout and early retirement packages before being forced to cut their jobs. The airline, which reported an 80% plunge in June revenue, says it will be overstaffed by 20,000 when federal aid expires Oct. 1. Earlier this month, United Airlines Holdings Inc. warned its workers it could furlough 36,000 of them and likely move to layoffs in August, the Wall Street Journal reported. United had 96,000 employees as of December. As soon as the market opens tomorrow I’m selling all my shares
Source: MarketWatch - 🏆 3. / 97 Read more »
American Airlines to warn 25,000 employees of layoffs, furloughs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. you mean even with the middle seat filled?!?!?!?!?! shocking!!!!!!!!! Failed business model then, they are ALWAYS asking for $$$. Nowhere near enough. Traffic is down nearly 90%
Source: BusinessInsider - 🏆 729. / 51 Read more »