JetBlue May Be Adding Flights to Europe

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JetBlue (NASDAQ:JBLU) may soon be adding flights to European markets.

JetBlueThe airline has not yet made a decision, but it has announced that flights to Europe may be added soon depending on how its economic and business circumstances pan out.

“We like to go into markets with high fares and stimulate them with lower prices,” Martin St. George, JetBlue’s executive vice president of commercial and planning said. The company currently offers flights to the U.S., Latin America and the Caribbean.

JetBlue’s move may take place after the company completes the acquisition of 30 new A321 jets from Airbus. “We are excited about the optionality and the potential opportunity,” added St. George. It is still possible that JetBlue may back out from buying the planes.

The airline recently released its quarterly earnings report, which amounted to net income of $180 million for the period that lasted from April through June.

Revenue hiked up 2% year-to-year to $1.6 billion, while fuel costs experienced a 26% decline. Earnings totaled 53 cents per diluted share, ahead of the consensus estimate from Thomson Reuters-polled analysts of 49 cents a share.

The company’s premium Mint service has also proven to be a success, as it will be expanded to more U.S. cities, including Fort Lauderdale, Las Vegas, San Diego and Seattle. These JetBlue flights allow you to fly from one corner of the country or continent, to another in a more comfortable environment.

JBLU stock is up 8% Tuesday.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/07/jetblue-europe-jblu-stock/.

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