JetBlue is currently talking with several airlines about potential partnerships in the United States following the dismantling of the Northeast Alliance (NEA) with American Airlines, an extensive codeshare agreement focused on flights in Boston and New York.

American Airlines and JetBlue have agreed to pay a group of U.S. states nearly $2 million in legal fees after the states won a trial challenging the airlines' now-blocked U.S. Northeast partnership.

The fatal midair collision between an American Airlines passenger jet and an Army helicopter followed a string of near misses at airports over the last several years.

The two airlines are the largest budget carriers in the US and any deal between the two could reshape the American airline industry.

Southwest's CEO Bob Jordan said "our hearts go out" to people on the American Airlines flight involved in Wednesday night’s midair collision with a helicopter in the nation’s capital.

JetBlue Airways Corporation (NASDAQ:JBLU), a prominent player in the U.S. airline industry with a market capitalization of $2.11 billion, finds itself navigating through turbulent skies as it grapples with financial challenges and implements a strategic overhaul.

Heard of PSA? Envoy? SkyWest? Discover the route and planes flown by American Airlines’ regional subsidiaries.

JetBlue is executing a cost-cut strategy of cutting unprofitable routes, deferring aircraft deliveries and pricing premium seats. It was also reported by CNBC that the airline has already offered senior pilots voluntary early retirement packages as part of the restructuring.

"The added ability to pay with Venmo for flights on JetBlue and manage travel costs during the trip through Groups helps solve the pain points of shared expenses from the time of booking to returning home," PayPal's John Anderson, senior vice president and general manager of consumer, said in a statement.

Venmo payment options are the latest announcement in a broader effort from JetBlue to enhance its services and boost profits. The struggling low-cost carrier has searched for new revenue streams as larger airlines introduce their own budget options, increasing competition for those flyers.

The JetBlue Premier World Elite Mastercard, issued by Barclays, is the priciest card in the airline’s cobranded lineup, featuring a $499 annual fee. For a limited time, new applicants can score 70,000 bonus points and five elite-qualifying Mosaic tiles by spending $5,000 within the first three months.