JetBlue Airways Corporation (JBLU - Free Report) recently announced the expansion of its existing Mexico City and Havana service from its northeast and south Florida focus cities.
The carrier will initiate operations connecting Havana’s Jose Marti International Airport with Boston’s Logan International Airport and Fort Lauderdale-Hollywood International Airport. Flights between Boston and Havana will be offered on Saturdays, beginning Nov 10, 2018 while the same between Fort Lauderdale and the Cuban capital will be available thrice daily from Sunday to Friday, starting Nov 11. Notably, JetBlue had commenced US-Cuba service a couple of years ago in 2016.
Government approval for the new routes is pending and tickets will be put up for sale in a few weeks’ time. These new services are prompted by the U.S. Department of Transportation’s (DOT) nod for additional frequencies to the capital city of Cuba.
We remind investors that in March-end, the DOT granted a tentative clearance for new U.S.-Cuba scheduled flights to five US airlines namely, United Airlines, the wholly owned subsidiary of United Continental Holdings, Inc. (UAL - Free Report) , American Airlines Group Inc. (AAL - Free Report) , Delta Air Lines, Inc. (DAL - Free Report) and Southwest Airlines Co. including JetBlue. The DOT’s decision followed after many carriers like Frontier Airlines and Spirit Airlines terminated their operations among specific nations on lower-than-expected demand.
Further, the low cost carrier intends to begin two new daily nonstop services to Mexico City from Boston and New York’s John F. Kennedy International Airport, effective Oct 25 this year. The new routes, for which government approval is pending, are an addition to the existing Mexico City service from Orlando International Airport and Fort Lauderdale. Following the new service, JetBlue will run a total of six daily flights between the United States and the Mexican capital.
The additional Mexico City service is a result of the DOT’s requirement for a few carriers to divest airport slots to boost competition at the Mexico City International Airport.
This Zacks Rank #3 (Hold) company will operate the new services to Cuba and Mexico on an Airbus A320 aircraft featuring comfortable seating, complimentary snacks, high-speed internet and other high-end amenities. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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