Per media reports, Southwest Airlines Co. LUV will soon launch nonstop flights operating daily between the Tampa International Airport (TIA) and LaGuardia Airport. The company intends to provide additional choices for passengers travelling to New York with this move. The service is likely to commence from Jun 5, 2017. The sale of tickets is expected to begin on Jan 5, for passengers to plan their summer holidays. The initial fare is projected to be around $89 for one way and around $178 for a round trip, subject to change.
The company estimates to target the large volume of passengers traveling from Tampa to New York, annually. Southwest will operate 737s between the two cities, with a seating capacity of 143 passengers. The first flight will be scheduled at 5.40 a.m., while the second one will leave Tampa’s airport daily at 2.35 p.m.
The company has also introduced flights between TIA and Havana, Cuba in Dec 2016. Several other airlines have also commenced flights from American cities to Cuba, including American Airlines Group Inc. AAL. The Tampa airport, at present, is seeing a $1-billion expansion, which is significantly expected to boost capacity and traffic at the airport. This expansion also includes 65 new concessions, which will improve customers’ dining and shopping experience. Other airlines offering nonstop flights from TIA to LaGuardia include Delta Air Lines Inc. DAL and Spirit Airlines SAVE.
Zacks Rank
Southwest carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We note that Southwest’s stock has outperformed the broader Zacks categorized Transportation-Airlines industry. The company gained 31.20%, while the industry gained 16.88% over the same period.
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