U.S. low fare airline JetBlue Airways Corporation ( JBLU - Analyst Report ) entered into a collaboration with South Korea's prime carrier Asiana Airlines. As per the interline agreement between the companies, networks of both the airlines will be interconnected. The companies are also planning to introduce alternative flights between Asia and America.

This deal – that comes into effect immediately – provides travelers with the option to book a single-ticket for interconnecting flights of both carriers. Travelers will also have the advantage of one-stop baggage check-in when they change flights of the two aforesaid airlines at New York's John F. Kennedy International Airport (JFK) and Los Angeles International Airport. People willing to avail this offer can purchase tickets from travel agencies and Asiana's reservation’s call center.

This association has made it easier for travelers on Asiana going to the U.S. to change flights at JFK. With superior services and facilities that include all-leather seats, unlimited free bites and drinks, plus top-notch in-flight entertainment JetBlue will attract many customers via the partnership.

We believe that the coming together of two of the world’s top-most airlines will surely benefit the travelers to a great extent and render easy accessibility among cities across Asia and Oceania. This partnership not only opens several traveling options for flyers in the Asia-Pacific region but also promises quality services, resulting in high customer satisfaction.

Headquartered in Forest Hills, New York, JetBlue has the youngest and most fuel-efficient fleet among other major U.S. airlines such as United Continental Holdings Inc. ( UAL - Analyst Report ) and Delta Air Lines Inc. ( DAL - Analyst Report ) .

Two days back, JetBlue reported break-even fourth quarter 2012 adjusted earnings, missing the Zacks Consensus Estimate of 2 cents as well as the year-ago earnings of 8 cents per share.

Jetblue currently holds a Zacks Rank #3, implying a short-term Hold rating. Another airline stock that is currently performing well is Southwest Airlines Co. ( LUV - Analyst Report ) which has a Zacks Rank #2 (Buy).