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April 8, 2020, 9:34 a.m. EDT

JetBlue to suspend operations at several airports around 5 major metro areas

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By Tomi Kilgore

JetBlue Airways Corp. /zigman2/quotes/207639051/composite JBLU -0.98% said Wednesday it was consolidating operations in Boston, Los Angeles, New York City, San Francisco and Washington D.C., and will only operate out of one or two airports in those metro areas from April 15 to June 10. The airports the airline is suspending are T.F. Green International Airport (PVD) around Boston; Hollywood Burbank Airport (BUR) and Ontario International Airport (ONT) around LA; LaGuardia Airport (LGA), Westchester County Airport (HPN) and Stewart International Airport (SWF) around NYC; San Jose Airport (SJC) around San Francisco; and Baltimore/Washington International Thurgood Marshall Airport (BWI) near D.C. "We face new challenges every day and can't hesitate to take the steps necessary to reduce our costs amidst dramatically falling demand so we can emerge from this unprecedented time as a strong company for our customers and crewmembers," said Scott Laurence, head of revenue and planning. The company plans to file an exemption with the U.S. Department of Transportation to temporarily suspend flying at other airports. The stock, which rallied 2.1% in morning trading, has tumbled 52.2% year to date, while the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -1.63% has dropped 55.9% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.48% has lsot 16.8%.

/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 10.07
-0.10 -0.98%
Volume: 13.44M
May 29, 2020 4:00p
P/E Ratio
12.32
Dividend Yield
N/A
Market Cap
$2.72 billion
Rev. per Employee
N/A
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/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 15.09
-0.25 -1.63%
Volume: 4.11M
May 29, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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