JetBlue has 100 destinations, including Paris and London

JetBlue announced flights to Paris this week. With the flights to the City of Light, the airline is looking to capitalize on its recent success with flights from the US to the UK. The new flights will take travelers to the most visited city in continental Europe next summer. With 75 million visitors, France is also the most visited country in the world.

For JetBlue, the chance to disrupt the transatlantic business of legacy airlines and steal some of their customers wouldn’t hurt either. But with hundreds of flights canceled and thousands of passengers stranded, will it be enough to pull the airline and its stock (JBLU) out of financial doldrums?

JetBlue will launch nonstop service between New York John F. Kennedy International Airport (JFK) and Paris Charles de Gaulle Airport (CDG) in summer 2023. Information is available at www.jetblue.com/paris. The airline will add nonstop service between Boston Logan International Airport (BOS) and Paris-CDG at an unspecified later date.

Paris will be JetBlue’s second transatlantic destination following the launch of the airline’s service to London in August 2021. Using the Airbus A321LR (long-range) twin jet, the airline now flies five daily flights between the United States and the United Kingdom. JetBlue has 13 A321LR aircraft, with a pond-crossing range of 4,000 nautical miles, in use or on order. The airline has an additional 13 orders for the longer-range A321XLR aircraft.

The flights originate from the airline’s “focus cities” of New York and Boston. Mainland-ticketed JetBlue A321LRs have 24 reclining Mint Suites and about 115 overall. well qualified Economy or middle class seats with decent legroom. All passengers enjoy live TV and on-demand entertainment on every seatback and free Fly-Fi broadband internet.

Paris will be JetBlue’s second transatlantic destination in the summer of 2023, though specific launch dates have yet to be announced. The airline criticized its competition, saying that with service to both London and Paris, “JetBlue will play a unique role in disrupting high-fare legacy airlines that have used joint ventures and global alliances to dominate these routes for decades.” .

Meanwhile, airlines made a big comeback in North America this summer. Carriers experienced a traffic increase of 110.4% in August compared to the period 2021, according to according to the International Air Traffic Association (IATA). Capacity increased 69.7% and load factor rose 16.9 percentage points to 87.2%, which was the highest among the world’s regions.

Unfortunately, so far high load factors and high ticket prices have not translated into significant enough returns to impress Wall Street. On the day of the announcement, JetBlue fell 0.33 to 7.92, a loss of -4.00%. He closed the week at 7.86.

The airline is trading near the bottom of its 52-week range of 6.21 to 16.39. Like most of his peers, he’s been languishing for months.

Will a handful of planes flying to London and Paris this summer be enough to change JetBlue’s fortunes? Maybe not, but high-visibility flights will certainly ‘fly the flag’ for JetBlue. And passengers can connect to and from Europe to the more than 100 destinations JetBlue serves in the United States, Latin America, the Caribbean and Canada.

Right now, JetBlue is the sixth largest airline in the United States. One wild card is whether US regulators will approve the company’s purchase of Spirit Airlines. The $3.8 billion deal would expand its fleet and route network and make JetBlue fifth among US airlines. Spirit’s shareholders approved the merger, but passengers and flight attendants filed lawsuits over losing one of America’s last low-cost airlines, Spirit.

Nonetheless, JetBlue is excited about its second foray into the continent.

“JetBlue is offering something completely unique to what you get from the big global legacy airlines on these routes, where a single high-fare joint venture operates nearly three-quarters of the flights,” said Robin Hayes, JetBlue’s chief executive officer. “The response to our London service is proof that great service combined with low fares works. We are looking forward to bringing our reimagined core and Mint offerings to the most visited city in continental Europe.”

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