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JetBlue Inks Agreement With American Airlines

April 1, 2010 (FinancialWire) — American Airlines (NYSE: AMR) and JetBlue Airways (NASDAQ: JBLU) said they have reached an agreement for commercial collaboration that will offer JetBlue customers simple connections to American's international flights from New York's John F. Kennedy International Airport and Boston's Logan International Airport, and offer American's customers nonstop domestic flight options on JetBlue from those markets.

Under terms of the agreement, American plans to transfer eight slot pairs at Ronald Reagan National Airport and one slot pair at White Plains, N.Y. to JetBlue, and JetBlue intends to transfer 12 slot pairs at John F. Kennedy International Airport to American.

The agreement is meant to provide customers with interline service in non-overlapping markets. The companies said they are also exploring other commercial cooperation.

Texas-based American Airlines, American Eagle and AmericanConnection serve 250 cities in 40 countries with, on average, more than 3,400 daily flights.

New York-based JetBlue Airways serves 60 cities with 600 daily flights.

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