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United Airlines (UAL) Cements Ties With Regional Carrier JSX
In a customer-friendly move, United Airlines (UAL - Free Report) expanded its partnership with Dallas-based regional carrier JSX. A deal between the two was first inked in March 2022. With the same, a new private aviation track for students was created under UAL’s pilot career development program, Aviate.
The scope of the association was earlier strengthened in June to permit members of UAL’s MileagePlus awards program to earn miles on the JSX flights. The latest extension allows passengers aiming to travel on JSX's regional jets to book their tickets directly through United Airlines’ website. For more convenience, MileagePlus members are eligible to earn loyalty miles for flying on JSX’s public charter flights.
Expressing delight at the expanded alliance with UAL, JSX’s CEO Alex Wilcox opined, “This new partnership with United Airlines allows our customers the opportunity to reap the rewards of flying JSX public charters with one of the most respected airlines in the world.” JSX, constantly looking to widen its operations, offers flights between private terminals on 30-seater spacious jets.
The strengthening of its association with such an expansion-oriented regional carrier is a prudent move for United Airlines. Shares of UAL have gained 11.8% in a year’s time against an 11% decline of its industry.
Image Source: Zacks Investment Research
Zacks Rank & Other Key Picks
United Airlines currently carries a Zacks Rank #2 (Buy). Investors interested in the broader Transportation sector may also consider the following stocks:
Covenant Logistics (CVLG - Free Report) : CVLG offers a portfolio of transportation and logistics services, including asset-based expedited, dedicated and irregular route truckload capacity, besides asset-light warehousing, transportation management and freight brokerage capability.
The gradually improving freight market scenario is a tailwind to Covenant. CVLG’s cost-control efforts are appreciated as well. CVLG currently sports a Zacks Rank #1 (Strong Buy). The stock has witnessed the Zacks Consensus Estimate for 2022 earnings being revised 10.1% upward over the past 60 days.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Teekay Tankers (TNK - Free Report) : TNK is being well-served by the increase in tanker rates. A gradual ramp-up in economic activities also bodes well. High fuel costs are, however, weighing on the bottom line.
Teekay Tankers currently flaunts a Zacks Rank of 1. The TNK stock has soared 180.2% in a year’s time. Over the past 60 days, the Zacks Consensus Estimate for 2022 earnings has moved 57.7% north.