In continuation of its attempts to increase its codeshare
JetBlue Airways Corporation
) announced that it has applied to the U.S. Department of
Transportation to enter into a bilateral codeshare agreement with
A codeshare deal allows sharing of flights, which necessarily
means a passenger can purchase a seat on a flight, which is being
operated by another co-operating carrier under a different flight
number or code.
The latest agreement, which is awaiting regulatory approval,
will provide access to five new destinations across Europe and Asia
for JetBlue passengers, while, Singapore Airlines customers will
benefit from 16 additional access points within the U.S.
Per the deal, JetBlue will puts its B6 code on flights operated
by Singapore Airlines to and from the U.S. to popular destinations
like Tokyo, Frankfurt, Seoul, Hong Kong and Singapore. On the other
hand, Singapore Airlines will put its SQ code on JetBlue flights
operating between New York and key destinations like Austin,
Boston, Chicago, Houston and Washington D.C., among others.
According to NY-based JetBlue, the partnership will allow
expanded and seamless connectivity between the two carriers, who
have already been interline partners since 2011. Moreover,
passengers of both the carriers will leverage from this deal by
means of easy one-stop ticketing and baggage check-in
Airline partnerships are a strategic key to a carrier's growth
prospects as they provide expansion opportunities without incurring
heavy costs. JetBlue remains focused on building partnerships with
both legacy and international carriers to enhance its services and
take advantage of travel benefits. This premier passenger carrier
has more than 30 such tie-ups with various airline companies.
On successful completion of the deal, Singapore Airlines will be
the fifth such partner added by JetBlue since 2013. The company has
added big names like Turkish Airlines, Qatar Airways, Aer Lingus
and South African Airways apart from signing an interline ticketing
agreement with Fort Lauderdale-based Silver Airways.
We believe Singapore Airlines makes for a good choice as JetBlue
will benefit from the Asian giant's superior customer service,
products and extended network. The deal is expected to fuel
JetBlue's global ambitions and growth going ahead.
JetBlue currently carries a Zacks Rank #3 (Hold). Better-ranked
stocks within this sector include
Southwest Airlines Co.
Delta Airlines Inc.
American Airlines Group Inc.
). All the three stocks carry a Zacks Rank #1 (Strong Buy).
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SOUTHWEST AIR (LUV): Free Stock Analysis Report
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