|Bid||29.47 x 1100|
|Ask||29.59 x 2900|
|Day's Range||28.26 - 29.64|
|52 Week Range||27.80 - 46.27|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||32.41|
|Earnings Date||Oct 11, 2022 - Oct 17, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 19, 2020|
|1y Target Est||49.47|
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JetBlue Chief Executive Robin Hayes staunchly defended his company's alliance with larger rival American Airlines on Wednesday, denying the U.S. government's allegations that the agreement would defang the low-cost carrier. The U.S. Justice Department, six states and the District of Columbia are urging a federal judge in Boston to force the two carriers to scrap their Northeast Alliance (NEA), calling it a "de facto merger" of their Boston and New York operations in which they coordinate flights and pool revenue to the detriment of travelers, who face $700 million in extra annual costs. Hayes said that JetBlue did not consult with American on pricing in the northeast or anywhere else, and did not pull its punches in competing with American.
Delta Air Lines (DAL) closed at $28.50 in the latest trading session, marking a +1.71% move from the prior day.
The U.S. Justice Department on Tuesday urged a judge to force American Airlines and JetBlue Airways to scrap their U.S. Northeast partnership because it would mean higher prices for consumers. Even as JetBlue Chief Executive Robin Hayes defended the pact as "pro-consumer" from the witness stand, lawyers with the Biden administration, six states and the District of Columbia urged a Boston federal judge to break it up 18 months after it launched. Justice Department attorney William Jones said the Northeast Alliance is a "de facto merger" of their Boston and New York operations that allowed them to coordinate flights and pool revenue to the detriment of travelers, who face an additional $700 million in annual additional costs.