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Stock impact report

JetBlue Lands Slots for London Expansion [The Motley Fool]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: The Motley Fool
The COVID-9 pandemic has upended many airlines' strategic plans. Yet other airlines -- especially those with strong balance sheets and a focus on the leisure market -- are forging ahead with their plans, seeing the pandemic as an opportunity to gain market share from weakened rivals.JetBlue Airways(NASDAQ:JBLUAirbusnext yearImage source: Airbus.JetBlue secures slotsSeveral of London's major airports are typically overcrowded. As a result, airlines must apply for takeoff and landing slots if they want to fly to London. Heathrow Airport, the region's primary airport, is the most extreme case. The cost of a single slot-pair, allowing one roundtrip flight, has averaged tens of millions of dollars when traded on the private market. Gatwick Airport has also been operating near capacity in recent years.Airlines have dramatically reduced slot utilization because of the pandemic. Normally, they would have to give up their unused slots, but the standarduse-it-or-lose-it rulesEarlier this week, Show less Read more
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