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JetBlue (JBLU) to Remove Capacity Limit in Early January
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Targeting the forthcoming Christmas and New Year celebrations, JetBlue Airways’ (JBLU - Free Report) president and COO Joanna Geraghty in a memo to crewmembers stated that the airline will operate planes with 85% onboard capacity from Dec 2 through Jan 7, 2021. The low-cost carrier has been running flights with 70% capacity since Oct 15, 2020. Also from the same date, management no longer guarantees that the middle or adjacent seats will be left unoccupied.
However, on Jan 8, 2021, the carrier, currently carrying a Zacks Rank #3 (Hold), will operate its flights at full capacity with no seat remaining empty. Notably, demand is typically less in the winter period. Management believes that its policy to do away with the practice of blocking seats is dictated by science. It cited findings from recent studies by the researchers from Harvard T.H. Chan School of Public Health and the U.S. Department of Defense as the guiding force behind its decision.
The studies substantiate the efficacy of HEPA filters and the disciplined practice of wearing masks by passengers (which is mandatory on JetBlue flights) in stemming the onboard spread of coronavirus, thereby validating the aircraft cabin’s safety. The study from Harvard shows that advanced hospital-grade HEPA air filtration systems make up for the lack of distance between passengers. Naturally, these findings encouraged JetBlue to remove social-distancing norms on its flights and sell all its seats Jan 8 onward.
Continuing with the carrier’s customer-friendly approach, Geraghty stated that if any passenger who already booked a seat on any JetBlue flight for travel on or after Jan 8 feels dissatisfied with this decision can request for a full refund of his/her ticket. However, the particular passenger must have paid the fare by Nov 13 with Nov 27 being the last day to apply for its refund.
Meanwhile, Southwest Airlines (LUV - Free Report) has decided not to block the middle seats on its flights after Nov 30, 2020. Notably, blocked middle seats induced a substantial loss of revenues for the airline in the September quarter. However, Delta Air Lines (DAL - Free Report) and Alaska Air Group (ALK - Free Report) will continue blocking the seats in the center through Jan 6, 2021.
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JetBlue (JBLU) to Remove Capacity Limit in Early January
Targeting the forthcoming Christmas and New Year celebrations, JetBlue Airways’ (JBLU - Free Report) president and COO Joanna Geraghty in a memo to crewmembers stated that the airline will operate planes with 85% onboard capacity from Dec 2 through Jan 7, 2021. The low-cost carrier has been running flights with 70% capacity since Oct 15, 2020. Also from the same date, management no longer guarantees that the middle or adjacent seats will be left unoccupied.
However, on Jan 8, 2021, the carrier, currently carrying a Zacks Rank #3 (Hold), will operate its flights at full capacity with no seat remaining empty. Notably, demand is typically less in the winter period. Management believes that its policy to do away with the practice of blocking seats is dictated by science. It cited findings from recent studies by the researchers from Harvard T.H. Chan School of Public Health and the U.S. Department of Defense as the guiding force behind its decision.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The studies substantiate the efficacy of HEPA filters and the disciplined practice of wearing masks by passengers (which is mandatory on JetBlue flights) in stemming the onboard spread of coronavirus, thereby validating the aircraft cabin’s safety. The study from Harvard shows that advanced hospital-grade HEPA air filtration systems make up for the lack of distance between passengers. Naturally, these findings encouraged JetBlue to remove social-distancing norms on its flights and sell all its seats Jan 8 onward.
Continuing with the carrier’s customer-friendly approach, Geraghty stated that if any passenger who already booked a seat on any JetBlue flight for travel on or after Jan 8 feels dissatisfied with this decision can request for a full refund of his/her ticket. However, the particular passenger must have paid the fare by Nov 13 with Nov 27 being the last day to apply for its refund.
Meanwhile, Southwest Airlines (LUV - Free Report) has decided not to block the middle seats on its flights after Nov 30, 2020. Notably, blocked middle seats induced a substantial loss of revenues for the airline in the September quarter. However, Delta Air Lines (DAL - Free Report) and Alaska Air Group (ALK - Free Report) will continue blocking the seats in the center through Jan 6, 2021.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
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