Why JetBlue Airways Shares Are Gaining Today

Zinger Key Points
  • JetBlue expands Paris service from Boston, bolstering transatlantic presence, following successful launch from New York.
  • JetBlue offers daily flights to London, Amsterdam; introduces seasonal service to Dublin; plans second daily JFK-Paris flight.

JetBlue Airways Corporation JBLU shares are trading higher on Thursday in the premarket session.

On Wednesday after the bell, the company said it expanded its Paris service with its inaugural flight from Boston, which departed from Boston Logan International Airport (BOS).

JetBlue’s introduction of flight connecting Boston and Paris Charles de Gaulle Airport (CDG) builds upon the positive reception of its service launched from New York’s John F. Kennedy International Airport (JFK) last summer, the firm said in a press release. 

“The response to our New York-Paris flight has been overwhelming and we’ve been looking forward to adding a daily flight from Boston as well,” said Dave Clark, head of revenue and planning at JetBlue. 

This expansion strengthens JetBlue’s transatlantic presence, which originates from its Boston hub.

While discussing prices, the company said that for U.S.-originating travelers, fares start at $599 roundtrip and $2,499 for JetBlue’s premium Mint experience.

Flights will operate daily on JetBlue’s Airbus A321 Long Range (LR) aircraft with 24 redesigned Mint Suite seats, 114 core seats and the sleek and spacious Airspace cabin interior.

Aside from Paris, JetBlue provides daily flights to London and Amsterdam, and has recently introduced seasonal service to Dublin from Boston.

In addition, JetBlue plans to add a second daily flight from New York’s JFK to Paris starting on June 20th.

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Price Action: JBLU shares are trading higher by 1.46% to $6.95 premarket on the last check Thursday. 

Photo via Wikimedia Commons

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