Send me real-time posts from this site at my email
Zacks

JetBlue (JBLU)-Qatar Airways Extend Deal to Expand Connectivity

In a bid to accelerate the recovery process from the coronavirus crisis, JetBlue Airways Corporation JBLU and Qatar Airways announced the extension of their partnership. The deal aims at offering customers more connecting options on flights between the United States, the Caribbean, Latin America and Africa, Asia and the Middle East.  Notably, the carriers are no strangers to each other, having been in partnership since 2011. However, the association is now being taken to the next level. Notably, airlines are looking for ways and means to attract passengers amid the coronavirus-triggered travel-demand woes.

As a part of the expanded codeshare, New York-based JetBlue’s “B6” code will be applied on nine routes operated by Qatar Airways between its main hub at Doha Hamad International (DOH) and Hartsfield-Jackson Atlanta International; Boston Logan; Chicago O’Hare; Dallas/Fort Worth International; Houston George Bush Intercontinental; Miami International; New York’s John F. Kennedy international; Philadelphia International and Washington Dulles airports.

JetBlue’s code will also be placed on seven additional routes operated by Qatar Airways beyond DOH. Added destinations. These routes  include Amman, Jordan’s Queen Alia International; Malaysia’s Kuala Lumpur International; Maldives’ Male International; Oman’s Muscat and Salalah International; Seychelles International; Singapore Changi; and Uganda’s Entebbe International.

Notably, a codeshare deal enables sharing of flights, which implies that a passenger has the free will to avail any flight operated by either of the companies under the agreement, irrespective of the flight number.

Meanwhile, the airlines will also link their loyalty programs — JetBlue’s TrueBlue and Qatar Airways’s Privilege Club — to allow members to begin accruing Privilege Club miles or TrueBlue points later this year. Besides, the new added flights will be available for booking on JetBlue’s site from Apr 19, 2021.

Zacks Rank & Stocks to Consider

JetBlue currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Transportation sector are Triton International Limited TRTN, Landstar System, Inc. LSTR and Herc Holdings HRI. While Landstar carries a Zacks Rank #2 (Buy), Triton and Herc Holdings sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Long-term expected earnings per share (three to five years) growth rate for Triton, Landstar and Herc Holdings is pegged at 10%, 12% and 31.2%, respectively.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.

Click here for the 4 trades >>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
 
Landstar System, Inc. (LSTR): Free Stock Analysis Report
 
Herc Holdings Inc. (HRI): Get Free Report
 
Triton International Limited (TRTN): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue