Click her for entire earnings call
Our Comment:
We think adding more routes in Worcester would help the Boston franchise
Helane Becker
Thanks very much, operator. Hi, everybody. Thank you
very much for the time. I just have two questions. One with all of the
demonstrations that are going on in Puerto Rico, I was just kind of
wondering if you could talk about how that’s impacting if at all your
business?
And the second question I had was with respect to the
competitive situation in Boston. I was kind of wondering if you could
just address that a little bit? It seems like there's been a big
increase in competitive capacity growth, and I'm just kind of wondering
how you're handling that? So those are my questions. Thank you.
Joanna Geraghty
Great. Thanks Helane. As far as San Juan concerned,
we're obviously monitoring the situation very closely. As of today, we
have not seen any material financial impact and we are very committed to
Puerto Rico. It's a great focus City for JetBlue.
Shifting to your question on Boston, maybe I'll address
it in two parts. First just what we're seeing in terms of the JetBlue
experience in Boston, and I'll address the capacity point you raised. We
are very profitable in Boston, solid. We are committed to winning in
Boston. We've built the network in Boston based on carrying customer
where they want to go. We are focused on local customers where we see a
very clear first choice preference for JetBlue. We've got the best
people, the best products and a point-to-point model that is just
perfect for the Boston geography.
We are investing in meaningful ways in our Boston
franchise. We've started with the strong leisure franchise. We continue
maintain this, and have now grown a great business franchise. If you
take a look at what we're doing up there, we've got 15 daily departures
between Boston and DCA. We've hourly departures across our New York City
area airports where we're allocating flights to important business
markets that our customers have told us they want to fly to.
Transcon is performing very well. We're launching Europe
in 2021 to deliver European relevance to our Boston customers. We have a
strong loyal base of corporate customers. We're investing with Mass
Port. They are great business partner for JetBlue. Bottom line, it’s
solidly profitable with great growth potential. And we are all very
energized here with regard to Boston performance.
With regard to your capacity point, I describe it as
puts and takes. Some competitors are adding capacity, others are pulling
capacity. You know, while the net capacity does accelerate a bit in Q4
it's still well within the range of what we have historically seen in
Boston so we are quite comfortable with it.
Our Comment:
We think adding more routes in Worcester would help the Boston franchise
Comments