JetBlue Airways Corporation (JBLU - Free Report) will launch an additional flight to Guayaquil, Ecuador, beginning Dec 5, 2019. Once operational, this nonstop daily flight from New York’s John F. Kennedy International Airport will be the longest route in JetBlue’s network. Tickets on the route are currently available for sale.
The new service will expand JetBlue’s base in Ecuador as well as in South America. This February, the carrier commenced operations in Guayaquil from Fort Lauderdale. (Read more: JetBlue Boosts South American Base With Flights to Guayaquil). Additionally, the airline operates daily between Fort Lauderdale and Quito. Notably, Guayaquil marks the sixth city served by JetBlue in South America.
The airline’s move to penetrate the prosperous Ecuador market is noteworthy as it tries to attract traffic on the New York-Guayaquil route, which “suffers from high fares and limited service choices”.
The carrier will operate on the route via the fuel-efficient Airbus A321neo aircraft featuring premium facilities, such as luxurious seating and infight entertainment services for an enhanced customer experience.
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) , GATX Corporation (GATX - Free Report) and Fly Leasing Limited (FLY - Free Report) . While Fly Leasing sports a Zacks Rank #1 (Strong Buy), SkyWest and GATX carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SkyWest and Fly Leasing have surged more than 35% and 55%, respectively, so far this year. Meanwhile, GATX flaunts a stellar earnings history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average being 16%.
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