The U.S. Transportation Department has imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes - the first time it has imposed such a fine on an airline for the prohibited scheduling practice.
The U.S. Department of Transportation imposed a $2 million fine on JetBlue Airways for "operating multiple chronically delayed flights." The DOT is also investigating other airlines.
The Department of Transportation fined JetBlue Airways $2 million for repeated delays on four routes, crediting it $1 million for past and future passenger compensation. The DOT said the fine was the first of its kind.
JetBlue (JBLU) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Jetblue Airways gets sell rating, more bearish than today's analyst consensus. Future upside may be driven by macro-level travel demand and GDP strength, along with more cost-effective routes and aircraft. This airline is 7th in US market share while also having negative cashflow, very high debt/equity vs peers, and negative profit margin.
JBLU benefits from strong passenger volumes. High labor costs are hurting the company's bottom line.
JetBlue plans to add first-class seats on its Airbus planes that don't include lie-flat Mint class. The seats will be in a two-by-two configuration.
JetBlue Airways (JBLU -2.13%), which has been something of a survivor in its tough industry, was a favorite airline stock over the past few trading sessions. The company's most recent market-moving news had to do with its fundamentals, and investors showed their appreciation by trading it up handsomely.
JBLU now anticipates fourth-quarter 2024 average fuel cost per gallon in the range of $2.40-$2.50 (prior view: $2.50-$2.65).
Carrier JetBlue Airways (NASDAQ:JBLU) is terminating several domestic and transatlantic flights as it shifts focus to build a stronger East Coast leisure network. The airline will cease flights from New York's John F.
JetBlue has been focused on cutting unprofitable flights to stem losses. The carrier also has been trimming underperforming routes to focus on core markets.
Shares of JetBlue Airways (JBLU) soared Wednesday after the airline improved its revenue estimate for the current quarter and full year, attributing the upgrades to a post-election travel surge.