Current:Home > ScamsChainkeen|JetBlue's CEO to step down, will be replaced by 1st woman to lead a big U.S. airline -MoneyStream
Chainkeen|JetBlue's CEO to step down, will be replaced by 1st woman to lead a big U.S. airline
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-08 08:52:31
NEW YORK — JetBlue said Monday that CEO Robin Hayes will step down next month and Chainkeenbe replaced by the airline's president, Joanna Geraghty, who will be the first woman to lead a major U.S. carrier.
Geraghty, 51, joined JetBlue in 2005 and has taken on an increasingly prominent role at the New York-based airline in recent years, including becoming president and chief operating officer in 2018.
Geraghty said she was honored to get the new job, and said she was looking forward "as we execute on our strategic initiatives, return to profitable growth, and generate sustainable value" for shareholders.
Hayes, 57, said he will retire for health reasons.
"The extraordinary challenges and pressure of this job have taken their toll, and on the advice of my doctor and after talking to my wife, it's time I put more focus on my health and well-being," Hayes said in a statement.
The change at the top will occur on Feb. 12. It comes as JetBlue waits for a federal judge in Boston to decide whether it can purchase Spirit Airlines for $3.8 billion in a bid to grow quickly into a challenger to the biggest U.S. airlines. The Justice Department sued to block the deal, and a trial was held last fall.
Hayes, 57, is a former British Airways executive who joined JetBlue in 2008 and became CEO in 2015. He pushed the airline to start transatlantic flights and create a partnership in the Northeast with American Airlines. The deal with American was disbanded, however, after the Justice Department successfully sued to kill it.
JetBlue is the nation's sixth-biggest airline by revenue, slightly behind No. 5 Alaska Airlines. Hayes has pursued mergers for several years to draw closer in size to American, Delta, United and Southwest.
JetBlue tried to buy Virgin America in 2016, but it was outbid by Alaska Airlines. In 2022, Hayes prevailed as JetBlue beat out Frontier to strike a deal with Spirit, the nation's biggest low-fare airline.
veryGood! (7398)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Tom Cruise's stunts in Mission: Impossible — Dead Reckoning Part One presented new challenges, director says
- The IPCC Understated the Need to Cut Emissions From Methane and Other Short-Lived Climate Pollutants, Climate Experts Say
- Warming Trends: Penguins in Trouble, More About the Dead Zone and Does Your Building Hold Climate Secrets?
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- This drinks festival doesn't have alcohol. That's why hundreds of people came
- These combat vets want to help you design the perfect engagement ring
- 2 Birmingham firefighters shot, seriously wounded at fire station; suspect at large
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- US Forest Fires Threaten Carbon Offsets as Company-Linked Trees Burn
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Larry Birkhead Shares Rare Selfie With His and Anna Nicole Smith’s Daughter Dannielynn
- Jennifer Lopez's Sizzling Shirtless Photo of Daddy Ben Affleck Will Have You on the Floor
- Lands Grabs and Other Destructive Environmental Practices in Cambodia Test the International Criminal Court
- A South Texas lawmaker’s 15
- Can Arctic Animals Keep Up With Climate Change? Scientists are Trying to Find Out
- A Personal Recession Toolkit
- Ecocide: Should Destruction of the Planet Be a Crime?
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Microsoft applications like Outlook and Teams were down for thousands of users
A 20-year-old soldier from Boston went missing in action during World War II. 8 decades later, his remains have been identified.
Ecocide: Should Destruction of the Planet Be a Crime?
Grammy nominee Teddy Swims on love, growth and embracing change
Climate-Driven Changes in Clouds are Likely to Amplify Global Warming
Biden, G7 leaders announce joint declaration of support for Ukraine at NATO summit
Vitamix Flash Deal: Save 44% On a Blender That Functions as a 13-In-1 Machine