Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Ryanair Holdings PLC (RYAAY) - free report >>
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.
Ryanair Holdings PLC (RYAAY) - free report >>
Image: Bigstock
JetBlue (JBLU) Begins Tallahassee-Fort Lauderdale Route
JetBlue Airways Corporation (JBLU - Free Report) has commenced the new year with a new service between Fort Lauderdale-Hollywood International Airport (FLL) and Tallahassee International Airport (TLH). JetBlue’s new intrastate service will operate daily on this route.
The flight was the first of a year-round connection between the two Floridian cities set to be operated by the carrier using its fleet of Airbus A320s. With the beginning of the Tallahassee service, JetBlue will now serve over 40 destinations from Fort Lauderdale.
Per the head of government affairs, associate general counsel, JetBlue, Robert Land, “We are thrilled to introduce much needed competition and relief to a route that has suffered from high fares for decades. This new route further demonstrates our commitment to the Sunshine state and to providing low fares, great service and connectivity to customers in Fort Lauderdale, Tallahassee and beyond.”
Customers can avail the services for one-way fares as low as $49. However, the offer is valid for a limited period. Tickets are available online only on jetblue.com. These lucrative steps are expected to attract more traffic and boost the top line. JBLU currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Investors interested in the Zacks Transportation sector may consider better-ranked stocks like Ryanair Holdings (RYAAY - Free Report) and SkyWest (SKYW - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
RYAAY is benefiting from the buoyant air-traffic scenario post the pandemic. Traffic grew 11% to 105.4 million during the first half of fiscal 2024.
On the back of robust traffic scenario, RYAAY’s profit after tax was €2.18 billion during the first half of fiscal 2024, up 59% year over year. Ryanair expects fiscal 2024 traffic to be 183.5 million.
SKYW's fleet modernization efforts are commendable. Initiatives to reward its shareholders also bode well. The Zacks Consensus Estimate for 2024 earnings has increased 3.5% in the past 60 days.