JetBlue Airways Corp. JBLU continues to expand in Latin America as is evident from this low-cost carrier’s launch of daily flights between Fort Lauderdale-Hollywood International Airport (FLL) and Quito’s Mariscal Sucre International Airport (UIO) in Ecuador.
JetBlue’s Array50-seater Airbus A320 aircraft – featuring more leg space, cozy seats, unlimited snacks and over Array00 TV and satellite radio channels from DIRECTV and Sirius XM Holdings Inc. (SIRI) – will serve this route. Apart from these facilities, flyers will be offered unlimited broadband access on the carrier’s Fly-Fi service.
Located 9,000 feet above sea level in the Andes Mountains, Quito is gaining considerable popularity as a holiday destination. As a result, the UIO airport is one of the busiest airports in Ecuador, serving around five million tourists every year.
Meanwhile, after the successful launch of its seasonal Mint service on the New York to Barbados route, JetBlue announced its decision to expand its premium Mint service on a weekly basis. Last month, the carrier decided to operate new flights between New York’s John F. Kennedy International Airport (JFK) and Daytona Beach International Airport (DAB).
Hence, we believe that increased flight frequencies coupled with low fares and innovative services will not only enhance travel options for passengers, but will also boost revenues for JetBlue.
Zacks Rank & Other Stocks to Consider
JetBlue currently carries a Zacks Rank #2 (Buy). Other favorably ranked stocks in the same industry are Delta Air Lines DAL, Southwest Airlines Co. LUV and Hawaiian Holdings Inc. HA. All the three companies sport a Zacks Rank #Array (Strong Buy).
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