Le Lézard
Classified in: Transportation
Subjects: Contract/Agreement, Product/Service

JetBlue and American Airlines Advance Strategic Alliance Following Regulatory Review


JetBlue (NASDAQ: JBLU) and American Airlines Group Inc. (NASDAQ: AAL) today announced their strategic alliance is moving ahead following review by the Department of Transportation (DOT). Both carriers will begin implementing key aspects of this innovative and customer-focused alliance in phases, offering more seamless connectivity and better travel choices on routes to and from New York (JFK, LGA and EWR) and Boston (BOS). The carriers also expect this alliance will accelerate each airline's recovery from the pandemic as customers are attracted to the expansion of options and enhanced service.

"Due to the COVID crisis, I fought for and delivered over $40 billion in payroll support to the airlines and its workers to keep the industry from collapsing and prevent massive job loss," said incoming Senate Majority Leader Chuck Schumer (D-NY). "I am glad to see JetBlue and American Airlines collaborating on innovative solutions to save thousands more jobs in a way that also expands New Yorkers' travel options."

"Through this alliance, we are one step closer to bringing customers even more competition in the Northeast, especially on routes currently served by only one airline with high fares and poor service," said Scott Laurence, head of revenue and planning at JetBlue. "Customers who love the JetBlue experience can look forward to significant growth at LaGuardia and similarly up to 70 daily flights at Newark, as well as seamless connections onto American's long-haul network in and out of New York and Boston."

"With this alliance, American and JetBlue will operate the biggest network for our customers in the Northeast, which will allow American to grow our mainline operations as we recover from the pandemic," said Vasu Raja, American's Chief Revenue Officer. "We are already planning to launch new international routes to Athens and Tel Aviv this summer, which are just two of many new routes we plan to launch."

Important components of the alliance will be introduced starting in the first quarter of 2021 and phased in over the course of the year:

Department of Transportation terminates its review
Following an approximately six-month review, the DOT has agreed to terminate its review of the alliance in exchange for a series of commitments to ensure the alliance delivers consumers benefits without harming competition. These include growth commitments to ensure capacity expansion, slot divestitures at JFK and at Washington, D.C.'s Reagan National Airport (DCA) and antitrust compliance measures. Beyond today's agreement with the DOT, the carriers will also be refraining from certain kinds of coordination in city pair markets where they are substantial competitors to each other and there is little service from other airlines.

About JetBlue Airways
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers across the U.S., Caribbean and Latin America. For more information, visit jetblue.com.

About American Airlines Group
American's purpose is to care for people on life's journey. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company's stock is included in the S&P 500. Learn more about what's happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.


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