JetBlue Airways Corp - JBLU STOCK NEWS

JetBlue Airways Corporation (NASDAQ: JBLU) reported third-quarter 2021 results with GAAP diluted earnings per share at $0.40, down from $0.63 in Q3 2019. The adjusted loss per share was ($0.12), while GAAP pre-tax earnings fell to $190 million from $254 million in Q3 2019. Revenue declined 5.5% year-over-year, better than expectations; capacity decreased by 0.8%. The airline ended the quarter with approximately $3.3 billion in cash, and plans to hire 1,800 new crewmembers due to the Northeast Alliance. Optimistic outlooks for future demand and EBITDA projected between negative ($50) million to positive $50 million for Q4 2021.

JetBlue has launched Flight + Cruise packages, making it the first domestic U.S. airline to allow customers to book flights, cruises, and hotels together. This initiative aims to streamline the travel booking process alongside partnerships with top cruise lines such as Royal Caribbean and Carnival. JetBlue's Plane to Port Commitment enhances customer service by ensuring travelers can rebook flights for missed cruise departures due to airline delays. Packages are available for sailing dates starting November 1, 2021, allowing customers to bundle travel purchases seamlessly.

JetBlue (NASDAQ:JBLU) announced its next grant cycle from the JetBlue Foundation, aimed at enhancing diversity in the aviation industry. Educational institutions can apply for grants up to $50,000 until November 1, 2021. The Foundation, focused on STEM and aviation, supports programs for underrepresented communities, including women, racial minorities, and veterans. During the pandemic, it provided emergency grants to sustain educational programs. JetBlue is committed to fostering a diverse talent pipeline in aviation.

JetBlue enhances its loyalty programs for TrueBlue and American AAdvantage members, effective immediately. Benefits for Mosaic members on American flights include priority check-in, expedited security, and complimentary same-day changes. By year-end, they will also receive complimentary preferred seating. Starting in November, AAdvantage members can redeem miles for JetBlue flights. This partnership, through the Northeast Alliance, allows JetBlue to expand its routes and services, adding new destinations and enhancing customer choice in the competitive airline market.

JetBlue Airways (NASDAQ: JBLU) will hold its quarterly conference call on October 26, 2021, at 10:00 a.m. ET to discuss third quarter financial results. A live webcast will be available on the JetBlue investor relations website and archived for later listening. This conference call represents an opportunity for investors and stakeholders to gain insights into the company's financial performance and strategic direction.

JetBlue released its 2020 Social Impact and ESG Reports, emphasizing its commitment to community support and environmental sustainability amid the pandemic. The airline's initiatives include a focus on STEM education, diversity, and achieving net zero carbon emissions by 2040. JetBlue aims to reduce aircraft emissions by 25% per available seat mile by 2030 and convert 10% of its jet fuel to sustainable sources. Notably, it became the first airline to achieve carbon neutrality for U.S. domestic flights.

JetBlue (NASDAQ: JBLU) has expanded its transatlantic service, launching nonstop flights between New York's JFK and London Gatwick. The inaugural flight landed this morning, with scheduling set for four weekly flights in October and daily flights starting in November. This expansion coincides with a significant demand increase, evidenced by a 500% rise in bookings following the easing of U.S. entry restrictions. JetBlue aims to redefine transatlantic travel with competitive fares and enhanced customer service, including its premium Mint experience on the A321 Long Range aircraft.

JetBlue has announced a significant expansion of its commitment to sustainable aviation fuel (SAF) through a new offtake agreement with SG Preston. This agreement aims to increase JetBlue's SAF usage to nearly 8% by the end of 2023, with a target of 10% by 2030. The airline plans to source 30% of its fuel for New York's JFK, LaGuardia, and Newark airports from SAF, reducing emissions by approximately 80% per gallon. JetBlue expects to invest over $1 billion in SAF over the contract's duration, with minimal impact on overall fuel costs.

JetBlue (NASDAQ: JBLU) has announced the appointment of Edward Kayton as the new Head of Talent and Crewmember Experience, effective September 28, 2021. Reporting to Chief People Officer Laurie Villa, Kayton will oversee key areas such as talent acquisition and crew relations. With over 20 years of experience, including leadership roles at Spirit Airlines, he is expected to enhance JetBlue's culture and employee engagement strategies. This move comes as the airline focuses on evolving its workforce to support growth.