JetBlue Wins Auction for Gates at LaGuardia, Post-Spirit Bankruptcy
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
JetBlue won an auction to take over the abandoned gates at LaGuardia Airport, which are part of the historic Marine Air Terminal. The competitive bid of $58.5 million narrowly edged out Frontier Airlines. This acquisition occurred after Spirit Airlines ceased operations and filed for bankruptcy in May.
From gothamist.com, nypost.com
Why it matters
The successful bid allows JetBlue to potentially add up to 12 daily roundtrips from the facility, should the deal receive final court and regulatory approvals. The Port Authority of New York and New Jersey stated that the auction reflects the value of LaGuardia to the region. JetBlue is currently evaluating how best to utilize the new slots for its network strategy.
Air traffic disruptions are currently affecting multiple major hubs, including LaGuardia, Newark Liberty International, and Philadelphia International Airports.
From gothamist.com
Who's involved
- LaGuardia AirportLaGuardia Airport infrastructure where the competitive auction took place.
- Newark Liberty International AirportMajor hub competing for market share and operational resources in the Northeast.
- JetBlue AirwaysThe successful bidder aiming to expand operations at LaGuardia.
- Frontier AirlinesThe airline that lost the competitive auction for the new gates.
- Spirit AirlinesThe carrier whose bankruptcy led to the availability of the gates.
- port authorityThe governmental authority that owns and operates the region's airports.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JetBlue AirwaysSpeculative
JetBlue could expand its capacity and revenue by utilizing the new operational slots at LaGuardia.
- LaGuardia AirportSpeculative
LaGuardia Airport could secure future tenants and necessary funding for the upkeep of the Marine Air Terminal.
How it developed
Newest first. Tap a step to see who reported it.- American Airlines and LaGuardia Airport are major players facing competitive pressures in the Northeast market.Sub-event
- New flight routes announced between Newark Liberty International Airport and Los Angeles, coinciding with the debut of the Airbus A321XLR model.Sub-event
- JetBlue acquired Spirit's airport slots, while the FAA restricted flights at busy airports like LaGuardia.Sub-event
The airport authority lost the auction for new gates at LaGuardia, amid ongoing slot competition.1 source
Airlines compete for limited operational slots at LaGuardia and Newark.1 source
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The entities involved
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LaGuardia Airport
airport in Queens, New York City
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Newark Liberty International Airport
international airport in Newark, New Jersey
Nothing else this week.