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Posted by / 28-May-2020 15:32

That result was flat when compared to Jet Blue's results from the same quarter a year before ( million), but it was double Wall Street forecasts of a million profit, Reuters reports.

The carrier said cost-cutting and stronger revenue helped it offset higher jet fuel costs.

The plan called for million in annual cost cuts and a push to boost revenue by million.

Jet Blue is not a member of any of the three major airline alliances, but it has codeshare agreements with 21 airlines, including member airlines of Oneworld, Sky Team, Star Alliance, and unaffiliated airlines.The airline sector responded to Jet Blue's market presence by starting mini-rival carriers: Delta Air Lines started Song and United Airlines launched another rival called Ted.Song has since been disbanded and was reabsorbed by Delta Air Lines and Ted reabsorbed by United.Jet Blue started by following Southwest's approach of offering low-cost travel, but sought to distinguish itself by its amenities, such as in-flight entertainment, TV at every seat, and Sirius XM satellite radio.In September 1999, the airline was awarded 75 initial take off/landing slots at John F.

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Jet Blue's founders had set out to call the airline "Taxi" and therefore have a yellow livery to associate the airline with New York.