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American Airlines (AAL), JetBlue to Add Routes Under NEA
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American Airlines (AAL - Free Report) continues its expansion initiatives under the Northeast Alliance (“NEA”) with JetBlue Airways (JBLU - Free Report) despite the partnership facing scrutiny over concerns of reducing competition and jacking up air fares. As part of the partnership, the two airlines will offer more than 700 daily flights from New York and Boston, MA next summer.
Under the NEA, American Airlines is expanding its global footprint in 2022, with new nonstop service between New York’s John F. Kennedy International Airport (JFK) and Doha, Qatar’s Hamad International Airport. From LaGuardia airport, the carrier has added routes to Houston, TX; Kansas City, MO; Oklahoma City, OK and Omaha, NE.
From Boston, American Airlines, which carries a Zacks Rank #3 (Hold), announced new nonstop services to Halifax, Nova Scotia; Louisville, KY; Memphis, TN; Pensacola, FL; and Traverse City, MI. These new flights from Boston add to the carrier’s recently announced routes to Columbus, OH; Cincinnati, OH; Indianapolis, IN; Wilmington, N.C. and Toronto, Canada.
Under the NEA, JetBlue, carrying a Zacks Rank of 3, will introduce new services to Vancouver, Canada from both New York-JFK and Boston. The carrier will also increase frequencies on several of its routes from New York-JFK, including Cancun, Mexico; Guayaquil, Ecuador; Raleigh–Durham, NC; and Minneapolis–St. Paul, MN.
From LaGuardia airport, JetBlue will begin new service to Portland, ME in 2022. The airline will boost frequency on its existing services from LaGuardia to Boston, Charleston, S.C.; Jacksonville, FL; Nashville, TN; New Orleans, LA; Orlando, FL; Tampa, FL and Savannah, GA. Beginning Jun 9, 2021, JBLU will resume service connecting Baltimore/Washington International Airport with Boston Logan International Airport, operating up to five daily flights.
Key Picks
Here are some better-ranked stocks within the broader Transportation sector:
ArcBest Corporation (ARCB - Free Report) flaunts a Zacks Rank #1 (Strong Buy). The company has a stellar earnings surprise history. It has outperformed the Zacks Consensus Estimate for earnings in each of the preceding four quarters, the average surprise being 27.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of ArcBest have surged more than 100% so far this year.
Expeditors International of Washington (EXPD - Free Report) carries a Zacks Rank #2 (Buy). The company’s earnings have outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 29.1%.
Shares of Expeditors have appreciated more than 37% so far this year.
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American Airlines (AAL), JetBlue to Add Routes Under NEA
American Airlines (AAL - Free Report) continues its expansion initiatives under the Northeast Alliance (“NEA”) with JetBlue Airways (JBLU - Free Report) despite the partnership facing scrutiny over concerns of reducing competition and jacking up air fares. As part of the partnership, the two airlines will offer more than 700 daily flights from New York and Boston, MA next summer.
Under the NEA, American Airlines is expanding its global footprint in 2022, with new nonstop service between New York’s John F. Kennedy International Airport (JFK) and Doha, Qatar’s Hamad International Airport. From LaGuardia airport, the carrier has added routes to Houston, TX; Kansas City, MO; Oklahoma City, OK and Omaha, NE.
From Boston, American Airlines, which carries a Zacks Rank #3 (Hold), announced new nonstop services to Halifax, Nova Scotia; Louisville, KY; Memphis, TN; Pensacola, FL; and Traverse City, MI. These new flights from Boston add to the carrier’s recently announced routes to Columbus, OH; Cincinnati, OH; Indianapolis, IN; Wilmington, N.C. and Toronto, Canada.
American Airlines Group Inc. Price
American Airlines Group Inc. price | American Airlines Group Inc. Quote
Under the NEA, JetBlue, carrying a Zacks Rank of 3, will introduce new services to Vancouver, Canada from both New York-JFK and Boston. The carrier will also increase frequencies on several of its routes from New York-JFK, including Cancun, Mexico; Guayaquil, Ecuador; Raleigh–Durham, NC; and Minneapolis–St. Paul, MN.
From LaGuardia airport, JetBlue will begin new service to Portland, ME in 2022. The airline will boost frequency on its existing services from LaGuardia to Boston, Charleston, S.C.; Jacksonville, FL; Nashville, TN; New Orleans, LA; Orlando, FL; Tampa, FL and Savannah, GA. Beginning Jun 9, 2021, JBLU will resume service connecting Baltimore/Washington International Airport with Boston Logan International Airport, operating up to five daily flights.
Key Picks
Here are some better-ranked stocks within the broader Transportation sector:
ArcBest Corporation (ARCB - Free Report) flaunts a Zacks Rank #1 (Strong Buy). The company has a stellar earnings surprise history. It has outperformed the Zacks Consensus Estimate for earnings in each of the preceding four quarters, the average surprise being 27.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of ArcBest have surged more than 100% so far this year.
Expeditors International of Washington (EXPD - Free Report) carries a Zacks Rank #2 (Buy). The company’s earnings have outperformed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 29.1%.
Shares of Expeditors have appreciated more than 37% so far this year.