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Stock impact report

U.S. shifts peak-hour flight approvals to Spirit Airlines at Newark [CNBC]

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: CNBC
JetBlue Airways, which is battling with Frontier in its quest to buy Spirit, sought all 16 timings while Alaska Airlines sought four. The U.S. government on Tuesday reassigned 16 peak-hour runway timings at congested Newark Airport in New Jersey to Spirit Airlines from Southwest Airlines , saying this would boost competition and help reduce costs for travelers. The move “secures low-cost service options for Newark customers and improves competition in the Newark market,” the U.S. Transportation Department (USDOT) said. USDOT said Spirit must report additional data on disruptions facing airline customers and its ability to provide them with accommodations, noting Spirit's “higher relative number of customer complaints” received by the department. Southwest has operated the 16 timings since 2010 when it acquired them as part of a U.S. Justice Department competition remedy to United 's merger with Continental. JetBlue Airways , which is battling with Frontier in its quest to b Show less Read more
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