American Express and JetBlue ending card partnership: Bloomberg

Fri Feb 13, 2015 5:51pm EST
 
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(Reuters) - American Express Co (AXP.N: Quote), which said on Thursday that its credit card partnership with Costco Wholesale Corp (COST.O: Quote) would end next year, is also ending its co-branded card deal with JetBlue Airways Corp (JBLU.O: Quote), according to a published report.

Bloomberg, citing people with knowledge of the matter, said on Friday that JetBlue has reached a new deal with Barclays Plc (BARC.L: Quote) and Mastercard Inc (MA.N: Quote).(bloom.bg/1Axky6k)

Representatives of American Express, Jet Blue and Barclays declined to comment on the report. A Mastercard spokesman was not immediately available.

American Express shares fell more than 9 percent on Thursday and Friday following its disclosure of the lost Costco business.

(Reporting by David Henry in New York; Editing by Leslie Adler)

 
American Express and American Express corporate cards are pictured in Encinitas, California October 17, 2011. REUTERS/Mike Blake