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Investing.com -- JetBlue Airways (NASDAQ: JBLU ) and United Airlines announced on Thursday a consumer collaboration plan, "Blue Sky", aimed at enhancing the travel experience for their customers.

This plan, still awaiting approval from U.S. regulators, will enable travelers to book flights on either airline’s website and earn and use points interchangeably in their frequent flyer programs.

As part of the deal, JetBlue will grant United Airlines access to slots at New York’s JFK airport for up to seven daily round-trip flights, starting in 2027.

Some elements of the deal could come into effect as early as this fall, provided U.S. regulators give their approval.

JetBlue CEO Joanna Geraghty said in a statement, "This collaboration with United is a bold step forward ... that brings together two customer-focused airlines to deliver more choices for travelers and value across our networks."

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