8-K
filed July 5, 2023, 7:59 PM ET
ticker JBLU
CIK 0001158463
other material
confidence high
sentiment negative
materiality 0.85
JetBlue terminates Northeast Alliance with American Airlines effective July 29, 2023
JETBLUE AIRWAYS CORP
- Termination follows U.S. District Court ruling on May 19, 2023 that enjoined the alliance; JetBlue will not appeal.
- JetBlue will wind down the NEA over coming months; bookings and loyalty benefits remain unchanged for now.
- Company says termination makes DOJ concerns about the partnership moot; urges DOJ to support planned Spirit merger.
- JetBlue reaffirms focus on proposed combination with Spirit to create a national low-fare competitor.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
JETBLUE AIRWAYS CORP terminated Frequent Flyer Program Agreements (FFPAs) (TrueBlue Participating Carrier Agreement and AAdvantage Participating Carrier Agreement) with American Airlines, Inc. valued at Termination of the Frequent Flyer Program Agreements (effective 2023-07-29).
- Action
- termination
- Agreement
- collaboration
- Counterparty
- American Airlines, Inc.
- Value
- Termination of the Frequent Flyer Program Agreements
- Effective
- 2023-07-29
Exact text from the filing
“ JetBlue ”) delivered notice to American Airlines, Inc. (“ American ” and together with JetBlue, the “ Carriers ” and each a “ Carrier ”) terminating the Northeast Alliance Agreement, dated as of July
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
JETBLUE AIRWAYS CORP terminated Mutual Growth Incentive Agreement (MGIA) with American Airlines, Inc. valued at Termination of the Mutual Growth Incentive Agreement (effective 2023-07-29).
- Action
- termination
- Agreement
- collaboration
- Counterparty
- American Airlines, Inc.
- Value
- Termination of the Mutual Growth Incentive Agreement
- Effective
- 2023-07-29
Exact text from the filing
“ JetBlue ”) delivered notice to American Airlines, Inc. (“ American ” and together with JetBlue, the “ Carriers ” and each a “ Carrier ”) terminating the Northeast Alliance Agreement, dated as of July
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
JETBLUE AIRWAYS CORP terminated Codeshare Agreement with American Airlines, Inc. valued at Termination of the Codeshare Agreement (effective 2023-07-29).
- Action
- termination
- Agreement
- collaboration
- Counterparty
- American Airlines, Inc.
- Value
- Termination of the Codeshare Agreement
- Effective
- 2023-07-29
Exact text from the filing
“ JetBlue ”) delivered notice to American Airlines, Inc. (“ American ” and together with JetBlue, the “ Carriers ” and each a “ Carrier ”) terminating the Northeast Alliance Agreement, dated as of July
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
JETBLUE AIRWAYS CORP terminated Bilateral Special Prorate Agreement - Passenger with American Airlines, Inc. valued at Termination of the Bilateral Special Prorate Agreement (effective 2023-07-29).
- Action
- termination
- Agreement
- collaboration
- Counterparty
- American Airlines, Inc.
- Value
- Termination of the Bilateral Special Prorate Agreement
- Effective
- 2023-07-29
Exact text from the filing
“ JetBlue ”) delivered notice to American Airlines, Inc. (“ American ” and together with JetBlue, the “ Carriers ” and each a “ Carrier ”) terminating the Northeast Alliance Agreement, dated as of July
View on SEC.gov
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