JetBlue (JBLU) and Southwest Airlines (LUV) edged lower on Friday after BofA Global Research downgraded both stocks to ‘Underperform’ from ‘Neutral’. According to TheFly, the BofA analyst said both airlines trade at the high end of historical valuation ranges despite less exposure to "the strongest industry trends.
Established in February 2000, JetBlue is a low-cost hybrid carrier based at New York JFK International Airport, with secondary hubs at Boston Logan, Fort Lauderdale-Hollywood, Orlando, and San Juan airports. JetBlue has an extensive network that serves destinations in the U.S., the Caribbean, as well as Central and South America.
JetBlue has released its new spring and summer schedule and it includes reviving its popular Reagan National flight to New York.
The New York-based carrier announced on Wednesday a major network expansion for the upcoming season. JetBlue will add a whopping 16 routes, including five all-new pins to its route map, as part of the expansion. You'll catch all of the details below, and all the new flights are already available for booking.
The foundering airline could have prevented chronic delays on dozens of flights in and out of Fort Lauderdale airport, the Biden administration said.
JetBlue will also launch five new routes out of Boston, including to Edinburgh, Madrid and Halifax, Nova Scotia. “We’re excited to build on our momentum, offering customers across the Northeast and beyond even more travel opportunities,” said Daniel Shurz, JetBlue’s head of revenue, network, and enterprise planning, in a Wednesday statement.
Spirit Airlines, which filed for bankruptcy protection in November and is the sole commercial carrier at Atlantic City International Airport, has cut another 200 jobs across multiple departments, the company said Thursday.
The low-cost air carrier Spirit has cut 200 jobs as part of its plan to emerge from bankruptcy, the airline announced Thursday. This comes after the company recently eliminated 330 pilot jobs.
Greater New York City to Greater Los Angeles connects the two most populous metro areas. Booking data shows that in the year to October 2024, approximately 5.5 million passengers (15,000 daily) flew between them.
It's official: 2024 was a noteworthy year for Pittsburgh International Airport, marking the highest passenger totals in 18 years and the highest ever in another key measure.
Airline stocks were mixed on Friday after Bank of America upgraded American Airlines Group Inc. and downgraded Southwest Airlines Co. and JetBlue Airways Corp., predicting that the network carriers will continue to outperform low-cost airlines due to demand for premium travel.