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JetBlue to Boost Connecticut Presence by Adding New Routes

Zacks Equity Research
·2-min read

JetBlue Airways JBLU aims to add four new non-stop services to take advantage of the improvement in leisure travel demand. These routes will connect Bradley International Airport (“BDL”) to Los Angeles (“LAX”), Las Vegas (“LAS”), San Francisco (“SFO”) and Cancún, Mexico (“CUN”). The new addition to its schedule will position JetBlue as the largest carrier in Connecticut by 2021.

Last week, Connecticut advised its passengers returning to the state to provide a negative COVID-19 test result obtained within 72 hours prior to or upon arrival to avoid the state’s 14-day quarantine regime. The advisory is aimed to simplify the travel procedure.

JetBlue intends to initiate services between BDL and CUN on Nov 19, 2020. Beginning on Dec 18, the carrier will operate services between BDL and LAX, LAS and SFO.

Through this move, JetBlue aims to generate additional revenues and bring back some temporarily parked aircraft into service, which will boost flying opportunities for its crewmembers.

In line with its expansion initiative, JetBlue recently announced its decision to add 24 new non-stop services.

Zacks Rank & Stocks to Consider

JetBlue currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Zacks Transportation sector are Knight-Swift Transportation Holdings KNX, United Parcel Service, Inc. UPS and Werner Enterprises WERN. All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Long-term expected earnings per share (three to five years) growth rate for Knight-Swift, UPS and Werner is pegged at 15%, 7.7% and 8.5%, respectively.

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Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

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JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
 
United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
 
KnightSwift Transportation Holdings Inc. (KNX) : Free Stock Analysis Report
 
Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research