JetBlue Airways Corp.
) services will now have access to more flying options with the
carrier's latest decision to fly south to Jacksonville - a city
with the highest population in the state of Florida.
The New York-based carrier plans to add two daily non-stop
flights to Jacksonville International airport (JAX) from Ronald
Reagan National Airport (DCA) on and from Dec 18, 2014. The launch
will coincide with the carrier's two new daily flights from DCA to
Fort Myers (RSW) and West Palm Beach (PBI) in Florida.
On Jun 19, 2014, JetBlue flagged off two daily flights to
Charleston, SC and Hartford, CT and one daily to Nassau, Bahamas
from DCA. JetBlue added a second daily service from DCA to Tampa,
FL on Jul 2.
The recent DCA expansion explains JetBlue's slot wins in the
airport from the rival 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.
Jacksonville is the sixth new destination that the carrier will
connect to DCA this year. It will use Embraer SA's (
) 100-seater E-190 aircraft for the route. However, the carrier
will face stiff competition as big names like Delta Airlines Inc. (
), United Continental Holdings and U.S. Airways already operate on
JetBlue started its operations from DCA in 2010 and since then,
it has consistently extended services with 24 daily departures,
Another 30 round trip flights from the airport are on the cards by
2014-end. The airline already flies to popular destinations like
Orlando, Fort Lauderdale, Boston and San Juan, Puerto Rico from
According to JetBlue, the company has successfully managed to
reduce average fares in the markets they serve, thus increasing
traffic count. We believe despite strong competition, JetBlue could
still gain market traction on the back of its low-fare structure as
compared to some of its larger traditional peers.
JetBlue currently carries a Zacks Rank #3 (Hold).
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EMBRAER AIR-ADR (ERJ): Free Stock Analysis
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