The airlines have been hit by covid and a huge drop in revenue. Most of them are slowly recovering from the problems. But that's not the case with JetBlue, which opted for an extremely risky acquisition. Is this a wise choice?
Basic overview
JetBlue Airways $JBLU is an American low-cost airline based in New York City. Founded in 1999, it operates over 1,000 daily flights to more than 100 destinations in the US, Caribbean and Latin America.
The fleet includes more than 260 aircraft, mostly Airbus A320 and Airbus A220. JetBlue has more than 70 additional aircraft on order, with its main hub at JFK Airport in New York. Other major hub destinations include Boston, Fort Lauderdale, Los Angeles, Orlando and San Juan. Known for its low fares, comfortable cabins, and free services like Wi-Fi, live TV, etc., JetBlue has over 20,000 employees and handled over 46 million passengers in 2019.
Sector
The airline sector, especially in the US, is very…