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JetBlue (JBLU) Initiates Service to Guyana From New York
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In a bid to expand its international base, JetBlue Airways Corporation (JBLU - Free Report) has launched service connecting New York John F. Kennedy International Airport and Georgetown, Guyana’s Cheddi Jagan International Airport. The service is operational four times weekly.
Guyana becomes the fourth country to be served by JetBlue in South America. With this, the airline covers nearly 40 destinations in the Caribbean and Latin America.
JetBlue is utilizing the Airbus A321neo aircraft on the New York-Georgetown route. The aircraft features enhanced cushion comfort, adjustable headrests and the most legroom in coach among other amenities.
With coronavirus concerns continuing unabated, the airline’s operations are significantly hurt. Evidently, passenger revenues dropped 77.8% year over year in the third quarter due to steep decline in demand, thanks to coronavirus keeping people away from air travel.
The spike in coronavirus cases in the United States has worsened the already weak travel demand. Consequently, the airline has lowered its expectations for revenues in the fourth quarter. JetBlue predicts revenues to plunge approximately 70% year over year in the fourth quarter, compared with its earlier expectation of a slump of nearly 65%.
Shares of Landstar, UPS and GATX have gained more than 26%, 59% and 37% in the last six months, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>
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JetBlue (JBLU) Initiates Service to Guyana From New York
In a bid to expand its international base, JetBlue Airways Corporation (JBLU - Free Report) has launched service connecting New York John F. Kennedy International Airport and Georgetown, Guyana’s Cheddi Jagan International Airport. The service is operational four times weekly.
Guyana becomes the fourth country to be served by JetBlue in South America. With this, the airline covers nearly 40 destinations in the Caribbean and Latin America.
JetBlue is utilizing the Airbus A321neo aircraft on the New York-Georgetown route. The aircraft features enhanced cushion comfort, adjustable headrests and the most legroom in coach among other amenities.
JetBlue Airways Corporation Price
JetBlue Airways Corporation price | JetBlue Airways Corporation Quote
With coronavirus concerns continuing unabated, the airline’s operations are significantly hurt. Evidently, passenger revenues dropped 77.8% year over year in the third quarter due to steep decline in demand, thanks to coronavirus keeping people away from air travel.
The spike in coronavirus cases in the United States has worsened the already weak travel demand. Consequently, the airline has lowered its expectations for revenues in the fourth quarter. JetBlue predicts revenues to plunge approximately 70% year over year in the fourth quarter, compared with its earlier expectation of a slump of nearly 65%.
Zacks Rank & Key Picks
JetBlue carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are Landstar System, Inc. (LSTR - Free Report) , United Parcel Service, Inc. (UPS - Free Report) and GATX Corporation (GATX - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Landstar, UPS and GATX have gained more than 26%, 59% and 37% in the last six months, respectively.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>