Boston, MA 05/30/2014 (wallstreetpr) – JetBlue Airways Corporation (NASDAQ:JBLU) enters into a bilateral codeshare agreement with Singapore Airlines to improve its services, as well as access to multiple locations. Recently, JetBlue filed the application for an agreement with the U.S. Department of Transportation.
Benefit over the agreement
Both the airlines have started their partnership since 2011 and an expanded relationship will further increase their customer base while providing more seamless connectivity and access to key destinations. It also facilitates one-stop ticketing and check-in facilities for the baggage.
JetBlue Airways Corporation (NASDAQ:JBLU) believes that the partnership with world class airline will not only provide superior customer services to its customer but it also expand the network and increase opportunity compared to other airlines.
JetBlue currently connects 85 cities in the U.S., Latin America and Caribbean with an average of 825 flights daily and carries more than 30 million customers per year. Under the agreement, JetBlue customers will get access to five new destinations in Europe and Asia.
Similarly, Singapore Airlines have more than 100 modern aircrafts and operates to 62 destinations across 34 countries. The airline customers will benefit to travel 16 major cities in the U.S. through this code share partnership.
Continue to increase the capacity
Severe winter weather conditions in early 2014 affected the revenue potential of most of the airlines. However, JetBlue Airways Corporation (NASDAQ:JBLU) maintained positive growth in traffic as well as capacity during its first quarter of 2014 and posted 3.6% year over year increase in passenger revenue.
The growth trend in traffic continues in April 2014 as well, as the airline’s traffic increased by 6.1% with increasing capacity of 5.9%. So, it improved the load factor by 0.2 percentage points to 83.9% compared to April 2013.
Accordingly, JetBlue expects that the inclusion of additional services will further increase the traffic and revenue per passengers in coming months.