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Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
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JetBlue Airways ( JBLU - Analyst Report ) has struck a one-way codeshare agreement with Qatar Airways. Via this pact, the two companies will connect their networks at New York's JFK International Airport and Washington Dulles International Airport.
The deal, pending government approval, will allow flyers to board both Qatar and JetBlue flights with a single combined ticket. Customers will also enjoy the benefits of one-stop check-in and baggage transfer.
Very soon, customers can purchase Qatar flight tickets at JetBlue-operated spots in 26 markets between New York and Washington Dulles. International destinations that JetBlue customers can reach with the help of Qatar Airways' connecting service are places in the Middle East, Africa, and Asia Pacific regions. Specifically, apart from Bangkok, Singapore, Kuala Lumpur, Dubai, Kuwait, Riyadh, Islamabad, Nairobi and Dar es Salaam, the deal includes 12 cities in India.
On the other hand, JetBlue acts as a prominent domestic carrier at JFK and has 150 departures each day to numerous major metropolises – Boston, Chicago, Fort Lauderdale, Los Angeles, Orlando, San Francisco and San Juan. From Washington Dulles, the airline operates flights to Boston, New York, Long Beach and Oakland
Following the receipt of regulatory nod, tickets for a combined JetBlue-Qatar Airways travel plan will be made available at various travel, reservation and company websites.
The top-level JetBlue executive expressed optimistic views regarding this collaboration with Qatar Airways, which has earned a name for superlative in-flight products and strong operational excellence. The airlines are interline partners since 2011 and remain committed to customer satisfaction.
We believe that such alliances attract travelers as these offer efficient services, wider networks as well as shorter and convenient travel times.
JetBlue Airways currently carries a Zacks Rank #3 (Hold).
Other Stocks
Other airline stocks worth considering include Zacks Ranked #1 Ryanair Holdings Plc ( RYAAY - Snapshot Report ) that has a Strong Buy rating as well as Delta Air Lines Inc. ( DAL - Analyst Report ) and Spirit Airlines Inc. ( SAVE - Snapshot Report ) . Both Delta and Spirit currently hold a Zacks Rank #2 (Buy).
Read the full Analyst Report on JBLU
Read the full Snapshot Report on SAVE
Read the full Snapshot Report on RYAAY
Read the full Analyst Report on DAL