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JetBlue: Another Cuba-Bound Charter Flight Coming Up?

Low-cost carrier JetBlue Airways Corp.JBLU recently announced a second charter flight from New York's John F. Kennedy airport to Havana, as per Reuters reports.

This non-stop, round-trip service starting Dec 1, 2015 will be offered every Tuesday in coordination with Cuba Travel Services, a leading provider of carrier services - a unit licensed by the U.S. government for arranging travel services to the island.

Notably, JetBlue is the first carrier to announce direct charter flights on the New York-Havana route after the U.S. government announced its decision to ease travel restrictions to Cuba.

The easing of the restrictions, after over 50 years, will significantly increase travel demand as Cuba had been a popular tourist spot for Americans before the embargo was imposed in 1962. Meanwhile, carriers like Delta Air Lines DAL and United Continental Holdings UAL are looking to make the most of the lifting of this ban.

We believe that the increased number of flights to Cuba and Latin America coupled with low fares and growing popularity of the Mint service will not only enhance flying options for travelers but will also boost revenues for JetBlue.

JetBlue currently sports a Zacks Rank #1 (Strong Buy). Another favorably ranked stock in the same space is Ryanair Holdings plc RYAAY with a Zacks Rank #1.

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JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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