This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Terminals Only Part of the Solution for Kennedy

It's obviously a leap of faith to spend hundreds of millions of dollars to build stunning new terminals at one of the country's most congested, delay-prone airports.

But that's exactly what AMR's (AMR) American and JetBlue (JBLU - Get Report) are doing, as they ratchet up the competition at New York's John F. Kennedy International Airport.

American on Wednesday celebrated the opening of its $1.3 billion terminal, "one of the biggest, boldest and most expensive projects in American Airlines history," said CEO Gerard Arpey, during a press conference. The airy, imposing structure has 65-foot ceilings, 84 staffed ticketing positions and three passenger lounges, and it will have 36 gates.

With Kennedy the top U.S. gateway for international passengers, "our focus was to create something so that when customers come through, they are proud that they're in the United States of America," Arpey said.

The improvements come at an airport where clogged airspace and air traffic control delays mean that just two-thirds of all flights departed on time during the first half of 2007, ranking it 31st of 32 major airports, according to the Bureau of Transportation Statistics.

"It doesn't do much good to build a lot of new runways and beautiful facilities if the airspace is so congested that you can't use it," Arpey conceded. "One of the major challenges confronting the U.S. is the infrastructure of our air traffic control system in this country. It desperately needs modernization."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DAL $44.88 0.00%
JBLU $19.28 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs