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JetBlue to Expand Flight Services in Boston and Eastern U.S.

Zacks Equity Research
Newell's (NWL) dismal sales surprise trend can be attributed to lower core sales and adverse foreign currency. Nevertheless, its Transformation Plan appears encouraging.

In a bid to expand further in Boston, JetBlue Airways Corporation JBLU stated that it will add more flights that will connect Logan International Airport (BOS) to its 12 routes extending along the eastern half of the United States. JetBlue will start adding the flights, which will operate on a daily basis from this summer.

Additionally, the carrier has decided to introduce hourly service to two key northeast markets — Washington, DC and the New York Metro Area from Boston. .

JetBlue will offer near-hourly weekday service from 6 a.m. until 9:30 p.m. between New England and the nation’s capital by adjusting the time schedule.

Also, the company has decided to commence near-hourly weekday service between Boston and the New York metro area, with the service time being between approximately 5:30 a.m. and 10 p.m.

Moreover, the low-cost carrier has decided to add four daily flights between Logan and Washington DC’s Reagan National Airport to strengthen eastern its U.S. market foothold.

All these services are likely to meet the increasing demand for travel across the eastern half of U.S.

Update on Fleet Modernization Efforts

Apart from expansion initiatives, JetBlue is constantly aiming to modernize fleet by replacing outdated aircraft with improved ones. During the course of this year, JetBlue is set to take delivery of new, fuel-efficient A321 NEO aircraft. Moreover, the company will replace its EMBRAER E190 fleet with the larger and more fuel-efficient Airbus A220, commencing in 2020. Apart from reducing operating costs, the move is expected to enhance the flying experience for travelers.

Zacks Rank & Other Stocks to Consider

JetBlue currently carries a Zacks Rank #2 (Buy).

Investors interested in the broader Transportation Sector may consider Azul S.A. AZUL, Frontline Ltd. FRO and Expeditors International of Washington, Inc. EXPD, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

All the three stocks boast an impressive earnings surprise history. Azul outpaced the Zacks Consensus Estimate in each of the trailing four quarters, the average being 97.9%. Frontline outpaced the consensus estimate in each of the trailing four quarters with an average of 69%. Expeditors outpaced the consensus mark in each of the trailing four quarters with an average of 14.5%.

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JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
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