JetBlue Airways Corp. (JBLU) provided details of its plans to limit onboard capacity for the busy holiday season and its plans to open all of its seats, saying the decision was supported by "science validating the safety of the aircraft cabin." The air carrier is increasing its limit of capacity to 85% ( /) for the Dec. 7 through Jan. 7 period, up from its current 70% capacity limit ( ) through Dec. 1. Starting Dec. 2, the company said specific seats will no longer be blocked, and will not guarantee empty middle or adjacent seats. Then starting Jan. 8, JetBlue said it will make all seats available for sale, as demand typically declines during the winter period. JetBlue's stock, which rose 1.6% in premarket trading Friday, has lost 28.5% year to date through Thursday, while the U.S. Global Jets ETF (JETS) has dropped 39.0% and the S&P 500 has gained 9.5%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 13, 2020 07:06 ET (12:06 GMT)
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