Despite a rise in the price of oil Monday, airline stocks hold upside moving forward, one "Fast Money" trader said.» Read More
*JFK, LaGuardia and Newark airports are closed until further notice, according to the Port Authority. *US Airways Group Inc is not operating in New York, Washington, Philadelphia, Boston and several other Northeast airports on Tuesday. *American Airlines has flights scheduled into Richmond, Virginia, several Ohio airports, Pittsburgh and Boston on Tuesday.
Hurricane Sandy smacked the East Coast then turned into Super Storm Sandy. Now, thousands of travelers are no doubt calling her Pain in the Neck Sandy. This, as some airports start operating as normal again others are a long ways from having a regular schedule.
Thousands of airline flights to and from the east coast of the United States have been grounded as a result of Hurricane Sandy, which threatens to be one of the worst ever to hit the East Coast.
Superstorm Sandy slammed into the U.S. east coast on Tuesday and hurled a record 14-foot surge of seawater at New York City, flooded the financial district and left 7 million people without power.
Sandy has made landfall along the coast of southern New Jersey. While downgraded to a post-tropical cyclone, it still has sustained winds of 85 mph.
Rob Maruster, COO of JetBlue, offers insight on when JetBlue flights will be back and running. The company has cancelled some 1,300 flights due to the hurricane.
Most airlines are providing full refunds for canceled flights or waiving fees to reschedule travel hit by Sandy. Instead of calling and being on hold, here's how to get faster service.
Hurricane Sandy began veering as predicted early Monday on a path that would take it over Washington, Baltimore, Philadelphia and New York putting it on a path that could endanger 50 million people.
According to the flight-tracking service FlightAware, 1,100 Sunday flights have been canceled as of Sunday afternoon, with more than 265 cancellations at Newark Airport, a hub of United Airlines.
The offers cover passengers flying in or out of just about any airport from Latin America to New Hampshire. The airlines have only canceled a handful of flights so far, nearly all of them in and out of Florida and the Caribbean. Hurricane Sandy killed at least 20 people in the Caribbean, and left Bahamas this afternoon.
JetBlue, US Airways and Spirit Airlines are offering waivers to customers who wish to reschedule their flights without paying the typical fee of up to $150. The airlines have only canceled a handful of flights so far, nearly all of them in and out of Florida and the Caribbean.
United Continental Holdings Inc.' s profit tumbled to $6 million after earning $653 million in the same quarter last year, and the results fell short of Wall Street's expectations.
Dave Barger, CEO & president of JetBlue Airways, offers insight on earnings, the election and the fiscal cliff.
Oct 25- JetBlue Airways Corp posted a higher quarterly profit on Thursday, as it gained business passengers and benefited from summer travel. Net income was $45 million, or 14 cents a share, in the third quarter, compared with $35 million, or 11 cents a share, a year earlier. Revenue rose 9 percent to $1.3 billion.
NEW YORK-- JetBlue Airways Corp. said Thursday its third-quarter net income rose 29 percent as higher traffic from an ongoing expansion in Boston and the Caribbean offset the impact of slightly lower fares. The New York airline earned $45 million, or 14 cents per share, compared with $35 million, or 11 cents per share, in the third quarter a year ago.
Oct 11- Buckeye Partners LP rejected allegations by four major U.S. airlines that it was overcharging to transport jet fuel to New York City area airports and requested that the Federal Energy Regulatory Commission dismiss the complaint.
Oct 11- Buckeye Partners LP:. *Files answer to airlines' complaint. *Complaint was filed by Delta Air Lines JetBlue Airways united/continental air lines, and US Airways.
Oct 10- JetBlue Airways Corp:. *September load factor 78.6 percent, down 1.2 points. *Says traffic in September increased 6.1 percent from September 2011.
NEW YORK-- An analyst on Thursday cut his earnings estimates for JetBlue Airways Corp. because the price of fuel hasn't dropped as much as he expected after Labor Day. Sterne Agee analyst Jeffrey Kauffman cut his profit forecast for the New York airline's third quarter to 16 cents per share from a previous expectation of 22 cents per share.
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