JetBlue announced on Monday that CEO Robin Hayes would be stepping down next month, with Chief Operating Officer Joanna Geraghty poised to take the reins.
This leadership change occurs against the backdrop of JetBlue’s bid to acquire budget carrier Spirit Airlines, a move valued at nearly $4 billion.
However, the acquisition faces regulatory hurdles, as the U.S. Department of Justice has filed a lawsuit to block it. A federal judge in Boston is expected to rule on the matter soon, following a trial concluded late last year.
JetBlue CEO Robin Hayes resigns citing health concerns, COO Joanna Geraghty to lead, overseeing acquisition efforts amid DOJ opposition.
Hayes, a veteran of the airline industry with over three decades of experience, attributed his resignation to the demanding nature of the role, emphasizing the need to prioritize his health and well-being.
He will continue to serve on the board of directors until February 12, after which he will transition to a strategic advisory role, while Geraghty joins the board.
Geraghty, who has been with JetBlue for around two decades, assumes leadership at a pivotal moment for the airline.
Despite its history of expansion and innovation, JetBlue has faced challenges, particularly in recent months. Geraghty’s tenure as COO since 2018 has seen her oversee critical aspects of the business, including network growth and revenue management.
Now, she faces the task of steering JetBlue through uncertain times, including the potential merger with Spirit Airlines.
If approved, this merger would require careful integration of Spirit’s operations into JetBlue’s, a process Geraghty would be responsible for overseeing.
As she takes the helm, Geraghty brings extensive experience and a deep understanding of JetBlue’s operations, positioning her to guide the airline forward amidst industry turbulence.
