JetBlue (JBLU) plans to open a premium lounge in New York's JFK International Airport by late 2025, with another in Boston's Logan airport "soon after," the airline said Thursday.
Airline stocks are poised for upside growth heading into the final months of 2024, according to Bank of America. JetBlue Airways (JBLU) has recently lifted its forward guidance, citing decreased gas prices and increased July bookings after a challenging year involving the sale of $2.75 billion in debt.
JetBlue Airways announced plans to build its first-ever airport lounges. The first lounge will come online at New York's JFK International next year with Boston to follow.
JetBlue Chief Executive Officer Joanna Geraghty discusses plans for the airline's first-ever airport lounges as it expands premium offerings and why the company is focused on an “organic plan” over acquisitions. She speaks to Lisa Abramowicz from the Skift Global Forum in New York.
The lounges will include cocktail and espresso bars, complimentary food and beverages and spaces to work with charging stations, JetBlue said.
Airline said it is responding to growing demand for “premium” perks.
JetBlue plans to open its first airport lounges in its more than two decades of flying. The first clubs will be at JetBlue's hubs in New York starting late next year, followed by Boston.
JetBlue Airways' bottom line is benefiting from its solid cost-cutting initiatives. Efforts to expand are commendable.
Shares of major U.S. air carriers gained altitude on Monday after BofA Securities published upbeat comments on the industry and upgraded JetBlue Airways (JBLU) stock to "neutral" from "underperform."
JBLU expects third-quarter 2024 average fuel cost per gallon in the range of $2.70-$2.80 (prior view: $2.82 - $2.97).
JetBlue is undergoing a challenging transformation due to years of financial decline, but recently improved Q3 2024 guidance offers optimism for investors. Strategic missteps and increased competition have hindered JetBlue's growth, but new leadership is focusing on core premium leisure passengers and operational reliability. Improved near-term bookings, better on-time performance, and favorable macroeconomic factors like lower fuel prices and potential interest rate cuts are boosting JetBlue's outlook.
JetBlue Airways (JBLU) shares rallied Thursday after the company raised its third-quarter revenue guidance.