JetBlue Airways Corp.
) is enhancing passenger flying options from Washington D.C. The
airline recently announced its plans to launch two new routes from
Ronald Reagan National Airport (DCA). Apart from expanding
JetBlue's reach, the new low-fare non stop services from DCA will
strengthen the carrier's operations in the capital city.
The New York-based carrier also plans to add two daily flights
to Fort Myers (RSW) and West Palm Beach (PBI) in Florida from Dec
18, 2014. However, JetBlue will have to contest U.S. Airways which
already operates on both the routes.
Further, effective Jul 2, 2014, JetBlue will add a second daily
service from DCA to Tampa, FL. As announced in March, JetBlue also
flagged off two daily flights to Charleston, SC and Hartford, CT
and one daily to Nassau, Bahamas from DCA.
The recent DCA expansion can be seen as an outcome of JetBlue's
slot wins in the airport, which it grabbed form
American Airlines Group Inc.
). The latter had to divest slots at DCA to complete the merger
between the erstwhile American Airlines and U.S. Airways Group.
JetBlue started its operations from DCA in 2010 and since then,
it has extended services to 24 daily departures and plans to offer
30 round trip flights from the airport by the end of 2014. The
airline already flies to popular destinations like Orlando, Fort
Lauderdale, Boston and San Juan, Puerto Rico from DCA.
However, the attractiveness lies in the company's introductory
fares, which can be availed only till today. While a one-way trip
from DCA to Fort Myers has a special price tag of $84, the West
Palm Beach route will cost only $94 for passengers travelling
between Jan 6 and Feb 11, 2015, excluding Fridays and
JetBlue is complying with the Department of Justice (DOJ), which
had earlier argued that the opening up of American Airlines and
U.S. Airways slots to rival carriers will enhance accessibility at
some of the busiest airports and simultaneously heighten
According to the carrier, they have managed to reduce average
fares in the markets they serve and thus increase traffic count. We
believe the 42 million population of Washington D.C. will benefit
immensely from JetBlue's expanded coverage and trimmed average
JetBlue currently carries a Zacks Rank #3 (Hold). Some Zacks
Ranked #1 (Strong Buy) stocks worth considering within this sector
Delta Airlines Inc.
Southwest Airlines Co.
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
SOUTHWEST AIR (LUV): Free Stock Analysis Report
JETBLUE AIRWAYS (JBLU): Free Stock Analysis
DELTA AIR LINES (DAL): Free Stock Analysis
AMER AIRLINES (AAL): Free Stock Analysis Report
To read this article on Zacks.com click here.