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JetBlue Airways (JBLU) Starts Flight Service to Atlanta

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JetBlue Airways Corp. (JBLU - Free Report) announced the introduction of non-stop flights to the largest U.S. city, Atlanta. The flight from Boston’s Logan International Airport (BOS) to Hartsfield–Jackson Atlanta International Airport (ATL) was inaugurated in Mar, 30. Atlanta is considered to be the carrier’s 101st destination.

The introduction of the new service by the low-cost carrier should find favor among Atlanta passengers as it widens their choice pertaining to air travel. Following this non-stop service, Atlanta became the 63rd non-stop destination for JetBlue from Boston. Also, it is considered as part of JetBlue’s plan to reach 200 daily flights at Logan in the near future.

The Airbus A320 aircraft will be used to operate flights between Atlanta and Boston. The aircraft offers comfortable seating, complimentary and unlimited name-brand snacks, free Fly-Fi high-speed wireless internet and several other modern amenities for passengers.

JetBlue has been making constant efforts to expand its operations. We are impressed by the company’s move to ink renewable jet fuel purchase agreement with SG Preston. Again, JetBlue’s initiative to invest in JetSuite, and the Embraer-190 maintenance and paint agreement with Premier Aviation is impressive. Additionally, the carrier’s efforts to reduce its debt levels and expectations of structural cost savings in the band of $250 million to $300 million by 2020, makes the investors optimistic about the stock.

Price Performance

Shares of JetBlue have lost 7.58% in the last three months. The stock significantly underperformed the Zacks categorized Transportation-Airline industry’s gain of 4.63% in the period.

 

Zacks Rank & Key Picks

JetBlue carries a Zacks Rank #3 (Hold).  Some better-ranked stocks in the airline space include Gol Linhas Aereas Inteligentes , Deutsche Lufthansa (DLAKY - Free Report) and LATAM Airlines Group . Gol Linhas sports a Zacks Rank #1 (Strong Buy), while Deutsche Lufthansa and LATAM Airlines Group carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Shares of Gol Linhas, Deutsche Lufthansa and LATAM Airlines Group gained over 90%, 24% and 58%, respectively, on a year-to-date basis.

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