American Airlines (AAL) is suing JetBlue (JBLU) to recover money owed after partnership talks ended over business differences, Kimberley Kao of The Wall Street Journal reports. According to the Journal, American Airlines Vice Chair Steve Johnson said while it made “a very attractive proposition to JetBlue…it became clear over time that JetBlue was focused on different business priorities.” Additionally, America Airlines also filed a lawsuit to recover money owed by JetBlue following the termination of their previous partnership.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAL:
- American Airlines (AAL) Sues JetBlue as Partnership Talks Fail
- Jefferies aerospace & defense analysts hold analyst/industry conference call
- Are Airline Ticket Prices Getting Cheaper?
- American Airlines Faces Mixed Results Amid Economic Challenges
- AAL Stock Price Target Gets a Lift As Airline Stays ‘Nimble’ Through Darkening Skies
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue