Seeking expansion in Fort Lauderdale-Hollywood International Airport, JetBlue Airways Corporation (JBLU - Analyst Report) introduces two new non-stop flights to Cartagena, DC and Las Vegas, NV. The two flights will begin operations on Oct 29, 2014. On the same day, the company is also slated to launch non-stop services to Pittsburgh.
Last year, the company had launched six international routes from South Florida and these upcoming flights will be in addition to them.
With a low cost structure, the company continues to successfully expand its network footprint in major growth regions – Boston, Fort Lauderdale, the Caribbean and Latin America. Going forward, JetBlue expects to add new routes from Boston and aims at operating 150 flights per day from the region. Short haul routes from Boston continue to reap benefits from efforts to reduce seasonality of network and improved corporate travel demand. Recently, JetBlue also launched its daily service between Detroit and Boston.
The Latin American and Caribbean markets comprise almost one-third of the company’s total network. The carrier serves 24 locations in the region. JetBlue is also banking heavily on the new services offered from Fort Lauderdaleto different locations in the Caribbean and Latin America.
To support this growth momentum, the carrier has also introduced a new daily service to Port-of-Spain from New York. We believe addition of such meaningful new routes will enhance JetBlue’s growth and strengthen its network against other group members going forward.
JetBlue currently has a Zacks Rank #3 (Hold).
Other Stocks to Consider
Some Zacks Rank #1 (Strong Buy) stocks worth considering in this sector include Alaska Air Group, Inc. (ALK - Snapshot Report), American Airlines Group Inc. (AAL - Analyst Report) and Era Group Inc. (ERA - Snapshot Report).