Close on the heels of winning bids to purchase take-off and
landing slots at Reagan National Airport (DCA) in Washington, DC,
JetBlue Airways Corp.
) announced plans to expand its operations from the airport.
Apart from expanding JetBlue's reach, the new low fare services
from DCA will strengthen the carrier's operations in the capital
The New York based carrier plans to add two daily flights to
Charleston, Hartford and once daily to Nassau from DCA, starting
Jun 19, 2014. Further, JetBlue will add another daily service
from DCA to Tampa, FL. The carrier will use a 100-seater
) E190 for the service.
In January, JetBlue won 40 new take-off and landing slots at
DCA, including the 16 that 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 New York's LaGuardia
The company plans to add 24 daily round trip departures from
DCA to eight cities in 2014. JetBlue also plans to add Orlando,
Fort Lauderdale and Boston within the domestic market apart from
extending its service to San Juan, Puerto Rico, thus bringing the
total departures from DCA to 30.
However, the attractiveness lies in the company's introductory
fares. JetBlue's one-way fares of below $100 in the
above-mentioned domestic destinations are pocket friendly. The
low fare tickets will be available for summer travel between June
and Jul 2014 subject to receipt of government's operating
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
We believe that the 42 million population of Washington will
benefit the most from JetBlue's expanded coverage and reduced
JetBlue carries a Zacks Rank #2 (Buy). Another stock worth
considering within this sector is
Southwest Airlines Co.
), which carries a Zacks Rank #1 (Strong Buy).
AMER AIRLINES (AAL): Free Stock Analysis
EMBRAER AIR-ADR (ERJ): Free Stock Analysis
JETBLUE AIRWAYS (JBLU): Free Stock Analysis
SOUTHWEST AIR (LUV): Free Stock Analysis
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