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19.01.2020 18:36:00

Southwest Airlines Is Chasing JetBlue Out of Long Beach, California

Less than two years ago, JetBlue Airways (NASDAQ: JBLU) announced major cutbacks in Long Beach, California, its smallest focus city. At the time, the carrier was operating up to 35 daily departures in Long Beach. However, it slashed that number by a third after Labor Day in 2018.JetBlue's decision to shrink in Long Beach enabled other airlines to expand at the slot-constrained airport, particularly Southwest Airlines (NYSE: LUV). In fact, Southwest has grown in several markets that JetBlue serves from Long Beach, putting further pressure on JetBlue's results there. Not surprisingly, JetBlue announced earlier this week that it plans to make further cutbacks in Long Beach a few months from now.JetBlue is downsizing its Long Beach focus city again. Image source: JetBlue Airways.Continue reading
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