JETBLUE AIRWAYS CORP

JBLU
Real-time Estimate Cboe BZX - 12:16 2022-12-05 pm EST
7.935 USD -0.06%

JetBlue, Air Company Sign Memorandum of Understanding for Supply of 25 Million Gallons of Sustainable Aviation Fuel

09/23/2022 | 09:53am
(MT Newswires) -- JetBlue (JBLU) said Friday that it signed a memorandum of understanding with Air Company for the supply of 25 million gallons of sustainable aviation fuel over five years starting 2027.

The carrier said the move is part of its plan to convert 10% of its total fuel usage to sustainable aviation fuel on a blended basis by 2030.

Sustainable fuels are known to reduce emissions by 80% per net gallon on a lifecycle basis, the company said.

JetBlue shares were down 1.6% in morning trading.

Price: 6.99, Change: -0.11, Percent Change: -1.55

MT Newswires 2022
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