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.
Two people were found dead inside the landing gear of a JetBlue commercial airplane that landed Monday evening in Florida, according to reports.
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The discovery of two bodies in the landing gear of a JetBlue plane on Monday night has drawn widespread attention. The flight had arrived at Fort Lauderdale-Hollywood International Airport from New York City. While tragic and unsettling, such incidents, though rare, are not unprecedented.
JetBlue is bringing back nonstop service to New York City, a market it last served from Pittsburgh nearly 12 years ago.
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.
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Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $6.92, with a high estimate of $8.00 and a low estimate of $5.00. This current average has increased by 14.0% from the previous average price target of $6.07.
The Transportation Department is stepping up enforcement of persistent flight delays with a lawsuit against Southwest Airlines and a fine against Frontier Airlines.
JetBlue (Nasdaq: JBLU) already connects Pittsburgh and Boston, and has served Florida cities from Pittsburgh as well in the past. And it's no stranger to the JFK-Pittsburgh route. It connected the two cities using Embraer 190 aircraft from June 2006 until February 2013.
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