Low-cost carrier Allegiant Air announced plans to expand service in Fort Lauderdale, New York City and Boston as part of a new agreement with JetBlue Airways.
25.08.2023 - 13:43 / skift.com
JetBlue Airways Corp forecast a better-than-expected second-quarter profit on Tuesday as the low-cost carrier remains confident about a robust recovery in leisure and international travel.
The New-York based carrier maintained an optimal low-cost structure, while adding new international flight routes to capitalize on the booming demand for travel.
JetBlue expects second-quarter adjusted profit between $0.35 and $0.45 per share, above analysts’ estimate of $0.30 per share, according to Refinitiv data.
On an adjusted basis, the company posted a loss of $111 million, or $0.34 per share, in the first quarter ended March 31, compared with analysts’ average loss estimate of $0.38 per share, according to Refinitiv data.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Pooja Desai)
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Low-cost carrier Allegiant Air announced plans to expand service in Fort Lauderdale, New York City and Boston as part of a new agreement with JetBlue Airways.
After unveiling plans earlier this year to launch flights to a third destination in Europe—this time to Amsterdam—JetBlue on Tuesday operated its first flights to the Netherlands’ capital with round-trip fares as low as $499 (for a very limited time), offering travelers another low-cost transatlantic option and some welcome relief from this year’s soaring international airfares.
U.S. travelers have been flocking to Europe in droves this summer. And while the peak travel period is beginning to wind down (and along with it, the sweltering heat), JetBlue is making a final push to capture travelers headed across the Atlantic with its newly launched service from New York’s JFK to Amsterdam Schipol — and I was onboard the first flight.
Editors' note: JetBlue provided TPG with a free one-way business-class ticket for the inaugural Paris route. All opinions expressed here are the author's alone and were not subject to review by JetBlue.
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