FINWIRES · TerminalLIVE
FINWIRES

Update: Market Chatter: JetBlue to Scale Back Newark, LaGuardia Presence to Focus on Fort Lauderdale

By

(Updates with JetBlue comment in last two paragraphs.)

JetBlue Airways (JBLU) will shut down its flight attendant base at Newark Liberty International Airport and tech- operations bases at Newark and New York's LaGuardia Airport in autumn to cuts costs and bolster service in Fort Lauderdale, Florida, CNBC reported Wednesday, citing a statement from the airline

No employees will lose their jobs, though they may bid or transfer to other bases, the report said.

JetBlue said in a separate statement it's expanding premium service from Fort Lauderdale to San Diego, San Francisco and Los Angeles.

"JetBlue is making targeted schedule adjustments, ending seasonal service between Newark (EWR) and Los Angeles (LAX) and Las Vegas (LAS), to support growth in Fort Lauderdale-Hollywood International Airport," the company said in an emailed statement to. "This growth includes new and additional Mint flying from Fort Lauderdale to the West Coast as we grow in South Florida after Spirit's exit from the market. We continue to see significant opportunity to expand service in our Fort Lauderdale focus city."

The airline confirmed its reported statement on Newark and LaGuardia operations.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $5.27, Change: $+0.04, Percent Change: +0.86%

Related Articles

Wire

Top Cryptocurrencies Lower; Bitcoin Falls Below $66,000 Level

Major digital assets were weaker Tuesday, with Bitcoin (BTC-USD) falling below the $66,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 2.3% in the past 24 hours. The Nasdaq 100 fell 1.7%, the S&P 500 declined 0.5%, and the Dow Jones Industrial Average increased 0.7%.Bitcoin fell 1.5% to $65,538, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume dropped 30.9% to $26.1 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 1.6% to $1,794.XRP (XRP-USD) shed 4.5%, BNB (BNB-USD) lost 2.2%, and Solana (SOL-USD) decreased 1.6%. Dogecoin (DOGE-USD) fell 1.7%, while Cardano (ADA-USD) declined 6.6%.The US 10-year Treasury yield stood at 4.426% at 3 p.m. ET Tuesday, down from 4.469% Monday, while the five-year yield fell to 4.149% from 4.186%.The total market value of the cryptocurrency industry fell 1.5% in the past 24 hours to $2.25 trillion, with trading volume declining 20.6% to $78.55 billion.Price: $65544.28, Change: $-743.20, Percent Change: -1.12%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Thor Industries Keeps Quarterly Dividend at $0.52 a Share, Payable July 15 to Holders of Record July 1

Thor Industries Keeps Quarterly Dividend at $0.52 a Share, Payable July 15 to Holders of Record July 1

$THO
Wire

Sector Update: Consumer

Consumer stocks edged up late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each fractionally higher.In corporate news, Rivian Automotive (RIVN) laid off hundreds of employees, or under 2% of its workforce, Tuesday, the Wall Street Journal reported, citing a company spokesperson. The layoffs affected workers in the electric-vehicle maker's service and customer organization, the report said. Rivian shares fell 4.3%.

$RIVN