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JetBlue (JBLU) Boosts Network by Adding Boston-Amsterdam Route

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JetBlue Airways (JBLU - Free Report) has started operating non-stop flights connecting Boston and Amsterdam. The launch of the route follows the success of JBLU’s Amsterdam service from New York, which was launched on Aug 29. With international air-travel bouncing back, we believe that this addition is a prudent move by JBLU’s management.

Expressing delight at the inauguration of Boston-Amsterdam low-fare route, Dave Clark, JBLU’s head of revenue and planning said, "Adding nonstop service to Amsterdam benefits business and leisure customers who have suffered from high fares by legacy carriers for decades and brings more options to our customers in our New England focus city."

Passengers on Boston-Amsterdam route will enjoy the low-carrier’s award-winning Mint service apart from other facilities. JetBlue’s Airbus A321 Long Range aircraft will operate daily on this route. These jets are equipped with 24 redesigned Mint Suite seats, 114 core seats apart from sleek and spacious airspace cabin interior.

We remind investors that JetBlue already operates daily flights from Boston to London. The low-cost carrier will start service between Boston and Paris in a bid to meet increased air-travel demand.

Zacks Rank & Key Picks

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

Investors interested in the Zacks Transportation  sector may consider stocks like Covenant Logistics (CVLG - Free Report) and Air Canada (ACDVF - Free Report) . CVLG and ACDVF currently carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

CVLG offers a portfolio of transportation and logistics services, including asset-based expedited, dedicated and irregular route truckload capacity, asset-light warehousing, transportation management and freight brokerage capability.

CVLG’s cost-control efforts are commendable. The Zacks Consensus Estimate for 2023 earnings has revised 7.44% upward in the past 60 days.

An uptick is aiding Air Canada in passenger traffic. Recently, management announced plans to launch a year-round route between Montreal and Madrid. The service will commence in May of the following year as part of its expanded international summer 2024 flying schedule to cater to increased demand.

The Zacks Consensus Estimate for current-year earnings has jumped 57.1% in the past 60 days. ACDVF has outshined the Zacks Consensus Estimate in two of the past four quarters (missing the mark in the other two).


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