JetBlue Airways Launches Program To Bring US Military Pilots Into Its Cockpits
Portfolio Pulse from Shivani Kumaresan
JetBlue Airways Corporation has launched its eighth Gateway development program, Gateway Rotor Transition Program (RTP), aimed at transitioning U.S. military-trained rotary wing aviators into commercial pilots. The program is in partnership with SkyWarrior Flight Training LLC. JetBlue shares were trading 0.39% lower to $6.32.
August 21, 2023 | 3:51 pm
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NEUTRAL IMPACT
JetBlue's new program could potentially increase its pool of skilled pilots, but shares were trading lower.
The launch of the Gateway Rotor Transition Program could potentially increase JetBlue's pool of skilled pilots, which could be beneficial for the company in the long run. However, the immediate impact on the stock price is neutral as the shares were trading lower at the time of the announcement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100