We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
JetBlue (JBLU) Extends New York JFK-London Heathrow Service
Read MoreHide Full Article
JetBlue Airways Corporation (JBLU - Free Report) extended its daily transatlantic flights between New York John F. Kennedy International Airport (“JFK”) and London Heathrow Airport (“LHR”) through October 2022, after securing the required take-off and landing slots. The flights, launched on Aug 12 this year, are now scheduled to run daily until Oct 31, 2022.
Prior to the launch of this transatlantic route, travelers were limited to flights with costly tickets between JFK and LHR, especially in the premium travel segment. Since launching the route, JetBlue has reduced premium fares by up to 50%. Post this extension announcement, JetBlue has put their tickets on sale through Oct 31, 2022, to attract traffic.
Robin Hayes, chief executive officer, JetBlue, stated, “The response on both sides of the Atlantic has been overwhelmingly positive, and it’s now widely recognized that losing JetBlue on this route would be a major setback for travelers who enjoy low fares and great service. We are committed to collaborating with regulators as well as the U.S. and U.K. governments to identify a pathway to staying at Heathrow for the long term. There’s so much more good we can do as we grow this route if we are allowed to stay and compete”.
JetBlue’s fuel-efficient aircraft, combined with premium service and value for money, is expected to change the way people think about transatlantic travel.
With this, the low-cost carrier hopes to take advantage of pent-up demand for transatlantic travel and recover from the COVID-led crisis.
The long-term expected earnings per share (three to five years) growth rate for J.B. Hunt is pegged at 15%. JBHT is benefiting from strong performances across all its segments. While the Dedicated Contract Services (DCS) unit is being aided by fleet productivity improvement and rise in average revenue-producing trucks, the Integrated Capacity Solutions (ICS) unit is gaining from favorable customer freight mix as well as higher contractual and spot rates.
JBHT measures to reward its shareholders are encouraging. Driven by the tailwinds, the stock has increased 41.7% in the past year. J.B. Hunt currently carries a Zacks Rank #2 (Buy).
The long-term expected earnings per share (three to five years) growth rate for Landstar is pegged at 12%. LSTR is benefitting from a gradual recovery in the economy and freight market conditions in the United States.
LSTR’s top and the bottom line increased substantially in each quarter from the third quarter of 2020, owing to robust revenues in the primary segment — truck transportation. LSTR has surged 25.3% in the past year. Landstar sports a Zacks Rank #1 presently.
The long-term expected earnings per share (three to five years) growth rate for C.H. Robinson is pegged at 9%. CHRW benefits from higher pricing and volumes across most of its service lines. Total revenues jumped 42.4% year over year in the first nine months of 2021, with higher revenues across all the segments.
CHRW’s measures to reward its shareholders are encouraging. Driven by the tailwinds, the stock has moved up 7% in the past year. C.H. Robinson currently sports a Zacks Rank #1.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
JetBlue (JBLU) Extends New York JFK-London Heathrow Service
JetBlue Airways Corporation (JBLU - Free Report) extended its daily transatlantic flights between New York John F. Kennedy International Airport (“JFK”) and London Heathrow Airport (“LHR”) through October 2022, after securing the required take-off and landing slots. The flights, launched on Aug 12 this year, are now scheduled to run daily until Oct 31, 2022.
Prior to the launch of this transatlantic route, travelers were limited to flights with costly tickets between JFK and LHR, especially in the premium travel segment. Since launching the route, JetBlue has reduced premium fares by up to 50%. Post this extension announcement, JetBlue has put their tickets on sale through Oct 31, 2022, to attract traffic.
Robin Hayes, chief executive officer, JetBlue, stated, “The response on both sides of the Atlantic has been overwhelmingly positive, and it’s now widely recognized that losing JetBlue on this route would be a major setback for travelers who enjoy low fares and great service. We are committed to collaborating with regulators as well as the U.S. and U.K. governments to identify a pathway to staying at Heathrow for the long term. There’s so much more good we can do as we grow this route if we are allowed to stay and compete”.
JetBlue’s fuel-efficient aircraft, combined with premium service and value for money, is expected to change the way people think about transatlantic travel.
With this, the low-cost carrier hopes to take advantage of pent-up demand for transatlantic travel and recover from the COVID-led crisis.
Zacks Rank & Stocks to Consider
JetBlue currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Some better-ranked stocks in the broader Zacks Transportation sector are J.B. Hunt Transport Services, Inc. (JBHT - Free Report) , Landstar System, Inc. (LSTR - Free Report) and C.H. Robinson Worldwide, Inc. (CHRW - Free Report) .
The long-term expected earnings per share (three to five years) growth rate for J.B. Hunt is pegged at 15%. JBHT is benefiting from strong performances across all its segments. While the Dedicated Contract Services (DCS) unit is being aided by fleet productivity improvement and rise in average revenue-producing trucks, the Integrated Capacity Solutions (ICS) unit is gaining from favorable customer freight mix as well as higher contractual and spot rates.
JBHT measures to reward its shareholders are encouraging. Driven by the tailwinds, the stock has increased 41.7% in the past year. J.B. Hunt currently carries a Zacks Rank #2 (Buy).
The long-term expected earnings per share (three to five years) growth rate for Landstar is pegged at 12%. LSTR is benefitting from a gradual recovery in the economy and freight market conditions in the United States.
LSTR’s top and the bottom line increased substantially in each quarter from the third quarter of 2020, owing to robust revenues in the primary segment — truck transportation. LSTR has surged 25.3% in the past year. Landstar sports a Zacks Rank #1 presently.
The long-term expected earnings per share (three to five years) growth rate for C.H. Robinson is pegged at 9%. CHRW benefits from higher pricing and volumes across most of its service lines. Total revenues jumped 42.4% year over year in the first nine months of 2021, with higher revenues across all the segments.
CHRW’s measures to reward its shareholders are encouraging. Driven by the tailwinds, the stock has moved up 7% in the past year. C.H. Robinson currently sports a Zacks Rank #1.