NEW YORK (AP) — JetBlue is not departing New York.
The low-cost airline announced Tuesday that it will keep its headquarters in Queens and expand its flagship terminal at John F. Kennedy International Airport.
JetBlue had considered moving its headquarters to Florida when its lease at a building in Long Island City ends in 2023. The airline already operates a training center in Orlando and has a subsidiary based in Fort Lauderdale.
Instead, the airline said that after going through a competitive bidding process it intends to stay in New York where it began in 1998. The airline will negotiate a new lease for its headquarters building.
CEO Robin Hayes said New York is still a great place to live, work and visit, and JetBlue wants to help the city recover from the pandemic.
The announcement was praised immediately by leaders in New York.
Senate Majority Leader Charles Schumer, D-N.Y., said JetBlue’s growth at JFK Airport will create thousands of new jobs. Gov. Andrew Cuomo said the airline has promoted travel to the entire state. Mayor Bill de Blasio said the city's recovery means keeping iconic companies like JetBlue.
Before you consider JetBlue Airways, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JetBlue Airways wasn't on the list.
While JetBlue Airways currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
