American Airlines Group Inc. (AAL) and JetBlue Airways Corp. (JBLU) announced Thursday a partnership aimed at creating more options for travelers in the Northeast U.S., to give the more choices across the airlines' domestic and international routes. The partnership includes and agreement that proposes codeshare and loyalty benefits for flight offerings in New York and Boston. The partnership will allow American to launch service from New York's JFK airport to Tel Aviv and to Athens, and the JFK to Rio De Janeiro flight will return as a daily route in winter 2021, and will allow JetBlue to add flights in New York's LaGuardia airport and New Jersey's Newark airport and grow its presence at JFK. "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," said JetBlue Chief Operating Officer Joanna Geraghty. JetBlue's stock fell 1.3% in premarket trading while American's stock dropped 3.6%. Year to date, shares of JetBlue have declined 38.3% through Wednesday and American have tumbled 53.1%, while the U.S. Global Jets ETF (JETS) has shed 45.3% and the S&P 500 has eased 0.1%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 16, 2020 08:43 ET (12:43 GMT)
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