JetBlue Airways Corp. (JBLU) said Thursday that it will launch 24 new routes later this year, aimed at "immediately generating cash" and capturing traffic amid an expected increase in demand for leisure travel. The airline will introduce new nonstop flights from four "focus cities," including Newark, Los Angeles, Fort Lauderdale and San Juan. Separately, JetBlue said it extend its initiative in which change fees are waived for new booking made through Feb. 28, 2021. The extension comes after a number of airlines, starting with United Airlines Holdings Inc. (UAL), that they will permanently waive change fees. JetBlue's stock, which slipped 0.1% in premarket trading, has dropped 34.6% year to date through Wednesday, while the U.S. Global Jets ETF (JETS) has shed 43.0% and the S&P 500 has gained 5.2%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 10, 2020 07:31 ET (11:31 GMT)
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