JetBlue Won the sale of LaGuardia, Washington Flights

JetBlue Airways Corp. (JBLU) won a public sale to add flights at New York’s LaGuardia airport and Reagan airport in Washington, beating rivals that included Southwest Airlines Co. (LUV), two people familiar with the matter said.

JetBlue will receive eight pairs of takeoff and landing slots at each of the airports, said the people, who weren’t authorized to comment publicly about the U.S. Transportation Department auction. WestJet Airlines Ltd. (WJA) said it won the auction for eight other slot pairs at LaGuardia.

Federal rules limit flights at both airports, so airlines can expand only by securing slots. LaGuardia International, part of the nation’s busiest aviation market, and Ronald Reagan National are prized by carriers because each is popular with business fliers who typically buy the most-expensive tickets.

Jeff Straebler, an independent aviation analyst in Stamford, Connecticut said, “Surprisingly, it does not look like Southwest put in a credible bid for either LaGuardia group”. “At least for now, it appears that Southwest is satisfied with its position at LaGuardia, given slots it picked up from the AirTran acquisition.” 

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