Fresh from its successful bidding to purchase take-off and
landing slots at Reagan National Airport (DCA) in Washington,
JetBlue Airways Corp.
) has announced the launch of services to Savannah from Boston
and plans to add the New York route from Mar 6.
The Savannah-bound flight will depart from Boston around 11.10
A.M. and will reach its destination in around two and half hours.
The return flight from Savannah's Hilton Head International
Airport will take similar time. JetBlue is the first carrier to
offer nonstop service between the two destinations. Notably,
Savannah is JetBlue's 83rd destination from its network.
The citizens of Savannah - one of the oldest cities in the
state of Georgia -- will benefit from JetBlue's service, which
has already added 600 new low fare seats from Boston's Logan
International Airport. The strong customer response has induced
the carrier to add a couple of new flights from New York's John
F. Kennedy International Airport (JFK) to Savannah, thus adding
200 low-fare seats each day.
In Jan 2014, JetBlue won 40 new take-off and landing slots at
DCA including 16, which it leased from American Airlines. The
slot purchase is part of the mega-merger between American
Airlines and U.S. Airways Group Inc. - to form
American Airlines Group Inc.
) - which required the carriers to give up 52 take-off and
landing slots at DCA and 17 pairs at LGA.
New York-based JetBlue in turn has to give up ownership right
of 12 pairs of take-off and landing slots at JFK to American
Airlines Group, which the latter has leased from the
We believe Savannah will not only boost JetBlue's nonstop
service portfolio from Boston but will also strengthen its
position in New York, which is already a strong hub for the
JetBlue sports a Zacks Rank #2 (Buy). Other stocks worth
considering within this sector are
United Continental Holdings Inc.
Southwest Airlines Co.
), each with a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis
JETBLUE AIRWAYS (JBLU): Free Stock Analysis
SOUTHWEST AIR (LUV): Free Stock Analysis
UNITED CONT HLD (UAL): Free Stock Analysis
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