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JetBlue (JBLU) Boosts Network as Air Travel Demand Picks Up

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With air-travel demand (especially for leisure) picking up following a sharp rise in the number of people getting vaccinated, JetBlue Airways Corporation JBLU has launched additional round trip flights. This is in line with its objective to rebuild international demand.

As part of its expansion strategy, the carrier has started operating two new routes from New York’s John F. Kennedy International Airport and Los Angeles International Airport to one of Mexico’s Los Cabos International Airport. With this, JetBlue has linked Los Cabos with both coasts of the United States with daily operations in each case. Notably, the airline will operate Los Cabos routes using its Airbus A320 aircraft.

We believe that this new service to the tourist-friendly city of Los Cabos in Mexico will help it recover from prolonged COVID-19 led crisis by attracting substantial traffic. As a result of the anticipated traffic swell, passenger revenues — accounting for bulk of the carrier’s top line — is likely to receive a boost.

Also, the carrier plans to inaugurate another 40 routes in the coming months of 2021. With growing air travel demand, JetBlue expects to operate 3% more flights in October than the 2019 levels.

Zacks Rank & Stocks to Consider

JetBlue currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Transportation sector are Landstar System, Inc. LSTR, Triton International Limited TRTN and Herc Holdings Inc. HRI. Herc Holdings sports a Zacks Rank #1 (Strong Buy), while Triton and Landstar carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.

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JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report

Landstar System, Inc. (LSTR) : Free Stock Analysis Report

Herc Holdings Inc. (HRI) : Free Stock Analysis Report

Triton International Limited (TRTN) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research