JetBlue Executive VP Sells Large Chunk of Shares

On Friday it was reported that JetBlue Airways Corporation Executive Vice President unloaded 16,805 shares of stock in the airline for a proceeds value of more than $312,800.00. 2018 has seen more JetBlue Airways Corporation insider buying as opposed to insiders selling.

JetBlue, New York's Hometown Airline, and the #1 carrier at Fort Lauderdale-Hollywood International Airport, today announced it has selected Fort Lauderdale as the new home for its JetBlue Travel Products subsidiary. JetBlue Travel Products consists of the JetBlue Vacations brand and other non-air travel products including travel insurance, cruises, car rentals and more.

JetBlue Travel Products is laying the foundation for the next level of ancillary earnings growth, building on the JetBlue brand. Andres Barry was recently appointed president of the JetBlue subsidiary. In his new role, he will lead JetBlue Travel Products and work to expand its presence throughout the broader travel experience.

"Just as our venture capital arm JetBlue Technology Ventures has found success by being based in Silicon Valley, Fort Lauderdale will be the perfect location to grow JetBlue Travel Products," said Barry. "In Broward, JetBlue has established a major network serving cities across the U.S. as well as top leisure destinations in the Caribbean and Latin America. With its vibrant economy, especially in travel and tourism, we believe it makes a lot of sense to base our business here. We look forward to becoming an even greater part of the community in Broward County.”

Fort Lauderdale is one of JetBlue's six focus cities. As the JetBlue Travel Products subsidiary grows, the move to South Florida places the subsidiary right at the center of the travel and tourism industry. Fort Lauderdale is a major center of operations for JetBlue's international flights to and from the Caribbean and Latin America, two regions which now account for one-third of the airline's network. Today the airline serves 59 destinations from Fort Lauderdale and is growing toward 140 daily departures.

South Florida is very important to JetBlue. The airline's inaugural flight, Flight #1, took off from New York's JFK Airport in February 2000 bound for Fort Lauderdale-Hollywood International Airport. JetBlue is already a top employer in South Florida, with more than 1,800 local crewmembers.

Source: Chasing Markets