Peter sat down with CNN’s Kyra Phillips to discuss the merits of JetBlue’s new All-You-Can-Jet Pass.

Will this change the business model for the airline industry, or is it just a promotional stunt for JetBlue?

Find out more after the jump:

To get the All-You-Can-Jet pass, you’ll pay a flat fee of $599 for unlimited travel to any JetBlue destination between September 8 and October 8, 2009. The pass must be purchased by August 21, 2009.

There are no blackout dates or restrictions, but travelers have to join the airline’s TrueBlue loyalty program and book all tickets at least three days in advance.

Check out more of Peter’s recent segments on CNN and elsewhere in our TV/Video section.

Get more air travel news in our Airlines & Airports section.