JetBlue and American Airlines Add Routes as Alliance Faces Antitrust Scrutiny
Last July, American Airlines (NASDAQ: AAL) and JetBlue Airways (NASDAQ: JBLU) announced a wide-ranging partnership designed to improve their competitive positions in New York and Boston.
Over the past few months, the airlines have started to implement the first phase of this alliance. They have launched a codeshare agreement, begun ticket sales for dozens of new routes, and optimized their schedules on additional routes out of New York and Boston.
Last week, American and JetBlue rolled out the next phase of their alliance, again announcing dozens of new routes. With antitrust regulators at the Department of Justice taking a closer look at the airlines' plans to cooperate, the timing couldn't have been better.
Source Fool.com
