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Insane Fare Sales - Bleed Baby Bleed

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storminpilot

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http://biz.yahoo.com/pz/040713/60688.html

Press ReleaseSource: JetBlue Airways Corporation



JetBlue Kicks Off One-Million-Seat Sale
Tuesday July 13, 7:30 am ET
Sale Fares Reduced by up to 50% from Regular Fares

NEW YORK, July 13, 2004 (PRIMEZONE) -- JetBlue Airways (NasdaqNM:JBLU - News) is kicking off Fall travel by putting one million seats on sale with fares up to 50% less than regular fares.

``This is our way of saying 'Thanks a million' to the 25 million customers we've served over the last four and a half years,'' said David Neeleman, JetBlue's Chairman and CEO. ``With one-way fares starting from $29* from Long Beach and $49* from New York, Washington, Boston and Florida, customers can really experience our gratitude throughout the Fall.''

JetBlue has never had lower fares between the northeast and Florida, starting from $49* one way from New York's John F. Kennedy to Fort Lauderdale, Fort Myers, Orlando, Tampa and West Palm Beach; from NY/LaGuardia*** and Washington/Dulles to Fort Lauderdale; and from Boston/Logan to Fort Lauderdale, Fort Myers, Orlando, and Tampa. Florida fares from Buffalo, Rochester and Syracuse, NY, and from Burlington, VT start at $59* one way.

Caribbean service from New York starts from just $69* one way, from JFK to San Juan and Aguadilla, Puerto Rico, and to Santiago and Santo Domingo, in the Dominican Republic. (Fares from the Dominican Republic start at $78* with the inclusion of value-added tax.)

Coast to coast fares start from $99* one way from JFK to California's LA/Long Beach, Oakland, Ontario, Sacramento, San Diego, and San Jose; from Washington/Dulles to Long Beach, Oakland and Sacramento; and from Boston/Logan to Long Beach and Oakland.

Sale fares between Long Beach and Las Vegas, NV start at $29* one way, between Long Beach and Oakland start at $39* one way and between Long Beach and Salt Lake City, UT from $59* one way.

JetBlue announced yesterday that it plans daily service between JFK and Phoenix, AZ starting October 1, 2004, which will also be offered on sale from $99* one way.

These sale fares, which require a 14-day advance purchase, must be bought at http://www.jetblue.com by July 29 for travel between September 7 and December 15, 2004. Sale fare travel is not permitted during blackout dates between November 23 and 29, 2004. Customers should book early as seats may not be available on all flights. For an additional $3 each way, the sale fares can also be booked by calling 1-800-JETBLUE.

JetBlue's Million Seat Sale Fares: New York/JFK to: Fort Lauderdale, Fort Myers, Orlando, Tampa, & West Palm Beach; New Orleans $49* San Juan & Aguadilla, Puerto Rico; Santiago & Santo Domingo, Dominican Republic $69* Denver $89* Las Vegas, Long Beach, Oakland, Ontario, Phoenix, Sacramento, Salt Lake City, San Diego, San Jose & Seattle $99* New York/LGA*** to: Fort Lauderdale $49* Buffalo, Rochester, Syracuse & Burlington to: Fort Lauderdale, Fort Myers, New Orleans, Orlando, Tampa, & West Palm Beach $59* Washington/Dulles to: Fort Lauderdale $49* Long Beach, Oakland & Sacramento $99* Boston/Logan to: Fort Lauderdale, Fort Myers, Tampa & Orlando $49* Denver $89* Long Beach & Oakland $99* Fort Lauderdale to: New York, Boston and Washington $49* Long Beach $89* Fort Myers, Orlando, and Tampa to: New York & Boston $49* West Palm Beach to: New York $49* Denver to: New York & Boston $89* Long Beach to: Las Vegas $29* Oakland $39* Salt Lake City $59* Fort Lauderdale $89* New York, Washington & Boston $99* Oakland to: Long Beach $39* New York, Washington & Boston $99*

JetBlue is a low-fare, low-cost passenger airline, which provides high-quality customer service. JetBlue operates a fleet of 61 new Airbus A320 aircraft and plans to add another eight A320s to its fleet in 2004. The airline has 100 Embraer E190 aircraft on order with options for an additional 100 with deliveries scheduled to begin in August, 2005. All JetBlue aircraft feature roomy all-leather seats each equipped with free live satellite television, offering up to 24 channels of DIRECTV(r) programming at every seat.**

Based at New York City's John F. Kennedy International Airport, JetBlue currently operates 258 flights a day and serves 27 destinations in 11 states, Puerto Rico and the Dominican Republic. The airline plans daily service between New York's LaGuardia Airport and Fort Lauderdale, FL, starting September 17, 2004 and between JFK and Phoenix, AZ, starting October 1, 2004. With JetBlue, all seats are assigned, all travel is ticketless, all fares are one-way, and a Saturday night stay is never required. For more information, schedules and fares, please visit http://www.jetblue.com or call JetBlue reservations at 1-800-JETBLUE (538-2583), 1-888-538-2583 if calling from Puerto Rico, or 1-888-751-2241 if calling from the Dominican Republic. This press release, as well as past press releases, can be found on http://www.jetblue.com.

* Sale fare reflects $3 online discount only when booked at http://www.jetblue.com. Fares do not include Passenger Facility Charges of up to $9.00 each way, September 11th Security Fees of up to $5 each way and a Federal Segment Tax of $3.10 per segment. Puerto Rico and Dominican Republic fares do not include Passenger Facility Charges of up to $9 each way, U.S. Departure Tax of $13.70 each way and September 11th Security Fees of up to $5 each way. Dominican Republic fares also do not include U.S. APHIS and Immigration Fees of up to $10.10, Airport Authority and Infrastructure Fees of up to $22.45 each way and Airport Departure Tax of up to $20. All taxes and fees must be paid at the time of purchase. Passengers traveling to or from the Dominican Republic need to provide all necessary documents (e.g. valid passport, visa where applicable) at the time of departure. JetBlue reserves the right to deny boarding to passengers without the proper documentation.

** DIRECTV(r) service is not available on flights between New York City and Puerto Rico or the Dominican Republic.

*** Service from New York's LaGuardia airport commences September 17, 2004.

This press release contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. Forward-looking statements involve risks, uncertainties and assumptions and are based on information currently available to us. Actual results may differ materially from those expressed in the forward looking statements due to many factors, including without limitation, our extremely competitive industry, our ability to implement our growth strategy including the integration of the Embraer E190 aircraft into our operations, our significant fixed obligations and our reliance on high daily aircraft utilization, increases in maintenance costs, fuel prices and interest rates, our dependence on the New York market, seasonal fluctuations in our operating results, our reliance on sole suppliers, government regulation, the loss of key personnel and potential problems with our workforce, the potential liability associated with the handling of our customer data and future acts of terrorism or the threat of such acts or escalation of U.S. military involvement overseas. Additional information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's 2003 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release. The JetBlue logo is available at: http://media.primezone.com/prs/single/?pkgid=795
 
http://biz.yahoo.com/rf/040713/airlines_1.htmlReuters
US airlines slash fall fares early, worry Wall St.
Tuesday July 13, 1:01 pm ET
By Jui Chakravorty



NEW YORK, July 13 (Reuters) - U.S. airlines are cutting fall prices earlier than usual this year, launching a fare war that some Wall Street analysts say will squeeze profits more tightly at low-cost carriers than at their larger rivals.

JetBlue Airways Corp. (NasdaqNM:JBLU - News) on Tuesday said it will cut prices by as much as half on 1 million seats this fall, becoming the latest low-cost carrier to slash fares in recent days.

U.S. airline fare sales are common in the traditionally weak period between Labor Day and Thanksgiving. But the annual fare war generally starts later in the year, with the first shots fired by the major carriers.

"It's perfectly normal from a seasonal perspective to see discounted fares for fall travel offered in mid-summer," Sam Buttrick, analyst at UBS, said. "However, the levels are particularly low in markets where there have been significant capacity additions," he said, citing transcontinental markets and routes such as the Northeast to Florida and Dallas to the West coast.

DISCOUNTS TO HURT LCC'S

Southwest Airlines (NYSE:LUV - News), AirTran Airways (NYSE:AAI - News) and ATA Holdings (NasdaqNM:ATAH - News) recently announced heavily discounted fares for fall flights, starting the early round of price cuts in an industry that has been struggling to keep profits alive.

Larger carriers, most of which are expected to post losses in the second quarter, have been forced to match the discounts to stay competitive.

But according to some analysts, the lower fares will hurt low-cost carriers more than the larger ones.

"The domestic revenue environment is going to be challenging this summer and into the fall, particularly for discount carriers," Buttrick said. "It will be a tough summer from unit revenue perspective for carriers such as America West (NYSE:AWA - News), AirTran and perhaps JetBlue."

Low-cost carriers benefited from capacity cutbacks by larger airlines after the Sept. 11, 2001 attacks on the World Trade Center and through the war on Iraq. But as the travel industry began to recover late last year, major airlines began restoring capacity.

"Capacity is back at the larger network airlines. There will be no revenue spill-over to the smaller airlines this year," Buttrick said. "There is too much capacity, much more than the demand."

TOUGH SKIES AHEAD FOR ALL

Dallas-based Southwest last week slashed prices by as much as 65 percent, offering $39 to $99 fares on late summer and early fall flights. AirTran also announced a 30 percent price cut on all its fares.

Delta Air Lines (NYSE:DAL - News), Continental Airlines (NYSE:CAL - News) and AMR Corp.'s (NYSE:AMR - News) American Airlines have already dropped fares to match Southwest's discounts.

Analysts said the discounted fares will have little effect on the major airlines, even though many are struggling, with United Airlines (OTC BB:UALAQ.OB - News) trying to emerge from bankruptcy and Delta trying to avoid it.

"The network airlines are desperately in need of more revenue. But it's not always clear that a fare hike produces that outcome," Buttrick said. Larger carriers also have the benefit of garnering a large chunk of their revenue from international operations, he said.

Airline stocks were off across the board in mid-day trading. JetBlue shares were down 3.4 percent at $25.79, AirTran shares were off 3.5 percent at $13, Delta shares were off 7.2 percent at $6.26, AMR Corp. shares were down 5.9 percent at $9.74 and Continental shares were off 2.6 percent, at $$9.78.

"We expect losses throughout the network carriers business, albeit with margins better than a year ago," Buttrick said. "And we expect profit in the discount carrier business, but with lower margins."
 
rvsm410 said:


SAD, HERE'S YOUR RACE TO THE BOTTOM.....

The "race to the bottom" is dictated by the publics unwillingness to buy tickets at anything less than a drastic discount. You can bet your sweet a$$ that NO company is selling for less just for the HE!! of it.

At least you people should learn to recognize market forces at work, geez.

Calvin
 
:-) said:
The "race to the bottom" is dictated by the publics unwillingness to buy tickets at anything less than a drastic discount. You can bet your sweet a$$ that NO company is selling for less just for the HE!! of it.

At least you people should learn to recognize market forces at work, geez.

Calvin
Good, another brilliant passenger steps up to the plate and stands his ground!! I'm sure you did the same thing at the gas pumps this summer as well, Parked the ol SUV and thats why your riding your bike to work....you da man!

Boy hope those children dont need new shoes when they go back to school....shoot, I forgot there will be a blue light special at K-mart....they be going after WalMart...

Anymore market pressure and they will be asking the passengers to do the flying as well, here's the keys...have a nice day!

 
Last edited:
rvsm, who are you mad at, man?

Yes you are correct that people keep buying gas even though prices go up, but I guarantee if as went down to 99 cents a gallon, you might consider doing a little more driving than you woud if it was3 bucks a gallon.

Airline tickets are even more volatile a commodity. Some pople must travel no matter what. Some businesses are reluctant to spend a lot right now, so some trips are going to be skipped if they don't think there is an economic benefit.

If tickets were 25 bucks anywhere, we'd all be flying even more.

You and I might not like the fact that he is right, but market forces will dictate prices unless gov't controls (even worse option) are instituted.

The airlines would charge more if they could, believe me.
 
Southwest and JetBlue slashing fares wouldn't have anything to do with the financial status of a couple of financially distressed legacy carriers, would it? Sounds suspicious to me. Capitalism at its best!!! Just my $0.02. Good luck to the guys and gals at UAL and USAir.
 
philo beddoe said:
rvsm, who are you mad at, man?

I'll guess that he's mad at those evil Wepublican conservatives. If we'd just progress to Western European socialism ol' rvsm would probably get real happy.

Calvin
 

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