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United calls it quits at New York's JFK airport

United Airlines (UAL) will stop flying to New York's Kennedy Airport in October and shift the remaining cross-country flights there to its nearby hub in Newark, New Jersey.

United executives said Tuesday that they have agreed to trade the airline's JFK takeoff and landing slots to Delta Air Lines (DAL) in exchange for Delta's slots at Newark Liberty International Airport. That arrangement would need approval from regulators.

For United, the move further strengthens its dominant position at Newark, while it withdraws from an airport where it trails Delta, JetBlue (JBLU) and American (AAL) in the number of passengers.

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