JetBlue Airways Corporation (JBLU - Free Report) announced plans to bump up its Palm Springs service with new nonstop flights to Boston. Additionally, the carrier will extend the duration of its current seasonal service to New York JFK.
Flights connecting Palm Springs with Boston will operate twice weekly on Mondays and Thursdays beginning Feb 14, 2019 through Apr 30, 2019. Once operational, Palm Springs will be JetBlue’s 70th nonstop destination from the northeast focus city. Further, JetBlue’s position will be elevated to the top airline spot in Boston as far as number of flights, nonstop destinations and passengers ferried are concerned.
An Airbus A320 aircraft comprising comfortable seating, free Fly-Fi super-fast broadband, spacious legroom and other enhanced features will ply on the new route.
Additionally, the flight operation between New York and Palm Springs will be extended by a month until Memorial Day 2019. The extended service will be effective Oct 10, 2018 and continue through May 27, 2019.
During the peak season between Feb 14 and April 30, JetBlue will operate the all-Core Airbus A321 aircraft on the New York-Palm Springs route owing to customer demand. The aircraft consisting of 50 additional seats provides free entertainment, comfortable seats with extra legroom, power outlets for all customers plus several other modern and improved amenities.
Further, apart from the previously announced daily Palm Springs-New York Mint service (JetBlue’s premium service catering to the needs of modern travelers) between Dec 20, 2018 and Jan 3, 2019, the carrier will add a Saturday Mint service on the same route during the Jan 12-Feb 9 period to meet soaring demand over the crowded travel weekends. These Saturday Mint flights will operate during the day instead of evening or overnight.
Zacks Rank & Key Picks
JetBlue carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Transportation sector are SkyWest, Inc. (SKYW - Free Report) , Trinity Industries, Inc. (TRN - Free Report) and Ryder System, Inc. (R - Free Report) . While SkyWest sports a Zacks Rank #1 (Strong Buy), Trinity and Ryder hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SkyWest and Trinity have rallied more than 34% and 17%, respectively. Meanwhile, Ryder boasts an impressive earnings history, surpassing the Zacks Consensus Estimate in each of the preceding four quarters with an average beat of 4.5%.
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