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JetBlue reveals quarterly loss after Spirit merger

Air
Gary Noakes
3 August 2022

JetBlue has revealed a second quarter loss days after it agreed a takeover of budget rival Spirit Airlines, but expects significant annual savings as a result of the deal.

JetBlue has been hit by high fuel costs

New York-based JetBlue, which flies to Heathrow and Gatwick from JFK and Boston, sealed a deal to become the fifth major carrier in the US last week after its $7.6 billion merger with Fort Lauderdale-based Spirit.

“I’m very pleased we found a path forward with Spirit, and we can’t wait to welcome their incredible 10,000 team members to JetBlue as we create a true, national low-fare challenger to the dominant ‘Big Four’ airlines,” said Robin Hayes, JetBlue’s chief executive.

“Together we will expand our uniquely disruptive combination of award-winning service and competitive low fares to more customers across the country as we combine the best of both airlines.”