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JetBlue just announced a huge nationwide expansion that sees 24 new routes and 4 new cities in 2021 with more flying to Latin America – here’s the full list

A JetBlue Airways Airbus A321. Seth Wenig/AP JetBlue Airways is expanding in 2021 with 24 new routes across the US and Central America.  …

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JetBlue Airways Airbus A321A JetBlue Airways Airbus A321.

Seth Wenig/AP

  • JetBlue Airways is expanding in 2021 with 24 new routes across the US and Central America.
  • Four new cities will be added to JetBlue’s route network including Miami; Key West, Florida; Guatemala City, Guatemala; and Los Cabos, Mexico.
  • Mint business class will also be expanding to its 19th destination, Miami, with two daily flights to Los Angeles.
  • Visit Business Insider’s homepage for more stories.

JetBlue Airways on Thursday announced a 24-route expansion for 2021 that sees the airline grow into new cities, expand traditionally smaller markets, and build its West Coast presence to help bolster recovery efforts in the new year.

Four new cities are being added to JetBlue’s route map in the expansion, with Miami being the most notable. JetBlue has long avoided the South Florida destination in favor of nearby Fort Lauderdale, but the airline will now fly directly into Miami International Airport with service to most of its bases on the East and West Coasts.

Elsewhere in Florida, JetBlue will also begin flying directly to remote Key West. Overseas, Los Cabos, Mexico, and Guatemala City, Guatemala, will also see their first JetBlue flights in the new year as more countries open their borders to Americans in the wake of the pandemic.

The announcement comes as JetBlue prepares to enter a new era with a new jet, the Airbus A220-300. Scheduled to arrive at the airline in December, the next-generation jet will replace some of the oldest aircraft in JetBlue’s fleet and is expected to come with a state-of-the-art cabin complete with touch-screen televisions, on-demand movies and shows, and free in-flight WiFi.

Here’s where JetBlue Airways is flying in 2021.

Miami miami floridaMiami, Florida.

Getty Images

JetBlue is expanding its South Florida presence with the addition of Miami, complementing existing service to West Palm Beach and Fort Lauderdale.

Four routes will be given to Miami with non-stop service from JetBlue’s bases in New York, Los Angeles, Newark, and Boston starting February 11, 2021. Each except Los Angeles will see four-times-daily service while the transcontinental route will be limited to two daily flights.

Miami has been notably absent in JetBlue’s Florida route network, but low-cost airlines typically avoid the city in favor of smaller alternatives, including Fort Lauderdale-Hollywood International Airport in JetBlue’s case. There’s also no shortage of tough competitors on JetBlue’s Miami routes including American Airlines, United Airlines, and Delta Air Lines.

The Miami-Los Angeles route will also see Mint business class service operated by a larger Airbus A321 aircraft in a two-class configuration. Miami is Mint’s 19th destination as the service is limited to select high-demand routes.

Premium flyers will get to experience a newly-introduced refreshed Mint product that includes a new food and drink menu from the Delicious Hospitality Group, noise-isolating headphones, wellness kits, and new bedding to fully enjoy the lie-flat experience. And even economy flyers will get a high-tech cabin with touch-screen, in-flight entertainment systems and a self-serve snack bar.

While the pandemic was the impetus for the Miami addition, Scott Laurence, JetBlue’s head of revenue and planning, told Business Insider that JetBlue was always going to expand to the city to round out its South Florida offering.

“We get the opportunity to serve all South Florida as destinations and we’ve become more relevant to the customers around South Florida by complementing our large presence in Fort Lauderdale with service at Palm Beach and Miami,” Laurence said.

The pandemic has seen airlines more willing to serve airports they’ve traditionally avoided to go where the customers are. Southwest Airlines similarly moved into Miami International during the pandemic and has plans to expand to major airports in Chicago and Houston in 2021.

Key West, Florida Key West FloridaKey West, Florida.

John Panella/Shutterstock

While Miami is further south than JetBlue is used to in Florida, Key West will soon take the cake as the airline’s southernmost destination in the Lower 48.

Boston and New York will both see routes to the Conch Republic with weekender service operating on Thursdays, Fridays, Sundays, and Mondays starting on February 11, 2021. It will be the only non-stop route between New York’s John F. Kennedy International Airport and Key West, and both routes will compete with American’s routes from Boston and New York’s LaGuardia Airport.

JetBlue’s smallest jet, the Embraer E190, will operate the flights due to airport limitations. Passengers will have to endure one of the oldest cabin layouts in JetBlue’s fleet but still enjoy in-flight entertainment, above-average legroom in economy, and free in-flight WiFi, among other perks.

And while JetBlue isn’t blocking middle seats for social distancing anymore, the E190s won’t see 100% capacity, according to Laurence. Flights will be capped to ensure the jets have no trouble accessing the airport, leaving some empty seats on the aircraft.

Laurence also said that Key West is a key market for the Airbus A220 as the new jet has better performance capabilities than the E190.

Los Cabos, Mexico Los Cabos MexicoLos Cabos, Mexico.

Shutterstock.com

JetBlue is no stranger to Mexico but Los Cabos has been absent from the airline’s route network, until now. New York and Los Angeles will both see once-daily service to the Baja California Sur vacation destination starting June 17, 2021.

Both routes will see competitors from countless US airlines with the most on the Los Angeles route. American, United, Alaska Airlines, Spirit Airlines, and Southwest all serve the route from Los Angeles, but Laurence isn’t worried about competition.

“One of the things that allow us to punch above our weight and come into markets that are crowded with competitors is we far away have the best product out there,” Laurence said. “I think that product and our crew members allow us to play in some of these very well-served markets.”

From New York, where JetBlue has more brand recognition as the city’s self-described “hometown airline,” the only competitors are American, United, Delta, and Eastern Airlines. JetBlue, though, should dominate the summer season as the only airline with daily service from New York.

Cancun, Mexico CancunCancun, Mexico.

javarman/Shutterestock

Mexico has remained open to Americans during the pandemic while others have closed their borders and Cancun has become a popular getaway for tropical escapes south of the border. Cancun will see four new routes begin on March 4, 2021, to Las Vegas, Austin, Nashville, and Sacramento.

These point-to-points routes are unique for JetBlue in that they don’t touch one of the airline’s traditional bases. And in true point-to-point fashion, they also won’t be operated daily as each route will see up to three-times-weekly flights.

They won’t be without competitors, however, as JetBlue will have to fight for business on routes to Nashville and Austin. Southwest, Spirit, and Mexico’s VivaAerobus all plan to serve the Nashville-Cancun route in 2021, Cirium data shows, while Southwest, Spirit, and Sun Country Airlines will fly between Austin and Cancun.

Guatemala City, Guatemala Guatemala CityGuatemala City, Guatemala.

Shutterstock.com

JetBlue had planned to start service to Guatemala City in 2020 but the pandemic forced the airline to delay the launch. As the country is welcoming Americans once again, the new route will launch on April 15, 2021, with once-daily service, growing JetBlue’s Central American destination list that also includes Mexico and Costa Rica.

In typical JetBlue fashion for longer routes like this one, the outbound flight will depart from New York in the evening and return as an overnight flight.

Raleigh, North Carolina RaleighRaleigh, North Carolina.

Walter Bibikow/Getty Images

Raleigh is the big winner in the expansion with six new routes to cities from coast to coast. San Francisco; Austin; Orlando, Florida; Tampa, Florida; Jacksonville, Florida; Newark; and Las Vegas will all see new non-stop flights from Raleigh.

February 11, 2021, will see the first daily flights to Newark, Austin, Jacksonville, and Orlando while March 4, 2021, will see the first to Las Vegas and San Francisco.

Before the pandemic, JetBlue had only served Raleigh from its bases in New York, Boston, and Fort Lauderdale. The city has seen growth from Delta and American in recent years with flights as far as Seattle and Paris on Delta and Los Angeles and London on American.

JetBlue has grown in the Southeast with destinations throughout Florida, Louisiana, North Carolina, Georgia, Tennessee, Virginia, and South Carolina but Laurence cited Raleigh as a “standout” in the region. “Raleigh performs extremely well,” Laurence said.

Competitors will still abound, however, as nearly all of the routes JetBlue is launching are also operated by another airline. San Francisco is served by United, Austin by Southwest, Orlando by Delta, Allegiant, Southwest, and Spirit; Tampa by Delta and Southwest, Newark by United, Frontier, and Delta; and Las Vegas by Delta, Frontier, and Southwest.

Bogota, Colombia Bogota, Colombia.Bogota, Colombia.

De Jongh Photography/Shutterstock.com

Bogota will see new non-stop flights from New York beginning in the first quarter of 2021, though the route has no specific start date or schedule yet. JetBlue had only served Cartagena from New York while flights to Bogota were offered from Orlando and Fort Lauderdale.

The Colombian capital is currently only served by flag carrier Avianca and Delta Air Lines from New York’s John F. Kennedy International and will become JetBlue’s fourth South American destination from New York behind Cartagena; Guayaquil, Ecuador; and Georgetown, Guyana.

  • Visit Business Insider’s homepage for more stories.
  • Source: https://markets.businessinsider.com/news/stocks/jetblue-adds-24-new-routes-4-new-cities-new-year-2020-12-1029907015

    jetblue-just-announced-a-huge-nationwide-expansion-that-sees-24-new-routes-and-4-new-cities-in-2021-with-more-flying-to-latin-america---here's-the-full-list

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    Two new Florida cruises have cabins for solo travelers – see inside the ships

    The Solo Suite available in 2022. Atlas Ocean Voyages Over the last month, Oceania Cruises and Atlas Ocean Voyages have unveiled ships with si…

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    The cruise industry is gradually resuming operations, and at the same time, some cruise lines are tapping into a specific segment of customers: solo travelers.

    volunteer employees boarding a cruise ship carrying luggageVolunteer Royal Caribbean employees for the Freedom of the Seas sailing at PortMiami on June 20.

    Marta Lavandier/AP Photo

    Over the past month, two Florida-based cruise lines – including a newcomer to the industry – have unveiled new ships with cabins designed for lone travelers.

    top view of the World NavigatorThe World Navigator.

    Atlas Ocean Voyages

    But solo cruising isn’t a new trend: Cruise lines like Royal Caribbean, Virgin Voyages, and Norwegian have already successfully rolled out single-person accommodations.

    a bed next to a desk, tv, and mirrorThe Solo Insider.

    Virgin Voyages

    Source: Royal Caribbean, Virgin Voyages, Norwegian Cruise Line

    And so far, it’s been a success. For brands like Virgin, these solo rooms “perform really well,” John Diorio, the cruise line’s associate vice president of sales, told Johanna Jainchill for Travel Weekly.

    a bathroom with a shower, sink, mirrorThe Solo Insider.

    Virgin Voyages

    Source: Travel Weekly

    Staying in solo suites allows independent travelers to bypass paying single supplements, the fees that come with staying in a room designed for more than one occupant.

    a bed besides a balcony with views of the oceanThe Anthem of the Seas’ Studio Ocean View Stateroom with a balcony.

    Royal Caribbean International

    Some solo travelers see this single supplement as a “major obstacle” and a “penalization” for solitary vacations, Alberto Aliberti, president of Atlas Ocean Voyages, told Insider in an email statement.

    a bed besides a balcony with views of the oceanThe Quantum of the Sea’ Superior Studio Ocean View with a balcony.

    Royal Caribbean International

    Fort Lauderdale, Florida-based Atlas Ocean Voyages just debuted this month, and it’s the first luxury cruise line to join the market in over 20 years, according to the company.

    the exterior of the World NavigatorThe World Navigator.

    Atlas Ocean Voyages

    Source: Insider

    To cater to this solo traveler segment, Atlas Ocean Voyages decided to include single-person suites aboard its first and and only vessel.

    a rendering of a bed facing a TV with a window in the backThe Solo Suite available in 2022.

    Atlas Ocean Voyages

    The brand’s World Navigator cruise ship has 98 guest rooms that can accommodate just under 200 travelers.

    a bed besides a armchair, lights, and a nightstandThe Veranda Stateroom.

    Atlas Ocean Voyages

    Beginning March 2022, the World Navigator will also have six 183-square-foot suites designated for solo travelers.

    a rendering of a bed facing a TV with a window in the backThe Solo Suite available in 2022.

    Atlas Ocean Voyages

    These single rooms – which Aliberti says have prompted “very positive responses” – will come with the same perks as the ship’s other suites. This includes binoculars and in-room Nespresso coffee, a stocked mini-refrigerator, and bar and butler services.

    a rendering of a bed facing a TV with a window in the backThe Solo Suite available in 2022.

    Atlas Ocean Voyages

    Similarly, in July, Norwegian Cruise Line Holdings’ Oceania Cruises brand announced plans for its Vista cruise ship, which will officially debut in 2023.

    a living room with a couch, coffee table, and deskThe Concierge Level Solo Veranda stateroom.

    Oceania Cruises

    Source: Oceania Cruises

    The Miami-based cruise line’s upcoming ship will have “concierge level solo veranda staterooms” created for lone travelers, a first for the cruise line.

    a bed tucked away in the corner of the suite with the living room in the backgroundThe Concierge Level Solo Veranda stateroom.

    Oceania Cruises

    Like Atlas Ocean Voyages, solo guests sailing with Oceania will have the same luxury amenities as other concierge level passengers, such as free laundry and access to the Concierge Lounge.

    a living room with a couch, coffee table, desk, and bed in the backgroundThe Concierge Level Solo Veranda stateroom.

    Oceania Cruises

    And according to Aliberti, that’s the point. Many of these “underserved” solo travelers want the suite amenities, just not the single supplement payments.

    a table with seats and a mirrorThe Solo Insider.

    Virgin Voyages

    Source: https://markets.businessinsider.com/news/stocks/photos-florida-cruise-ships-cabins-for-solo-travelers-2021-8

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    Blackstone’s betting $6 billion on the rental market – here’s why private-equity loves real estate right now

    Jonathan Gray, Blackstone president and chief operating officer Heidi Gutman/NBCUniversal via Getty Images Blackstone is all-in on rent resets…

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    Jonathan GrayJonathan Gray, Blackstone president and chief operating officer

    Heidi Gutman/NBCUniversal via Getty Images

    • Blackstone is all-in on rent resets and long-term property assets to combat potential inflation.
    • Private equity firms have trillions of dollars in cash to put to work on acquisitions.
    • Blackstone’s share price ticked over $100 for the first time this month.
    • See more stories on Insider’s business page.

    It’s been quite the month for Blackstone.

    The private-equity behemoth is part of a consortium of investors that bought Medline for about $34 billion, its share price ticked over $100 for the first time, and it’s doubling down on residential real estate with a $6 billion Home Partners of America buy.

    It’s a bet on scorching demand for housing continuing, and also a defensive move as inflation worries start to seep into investors’ minds. The average price of a home topped $350,000 for the first time inn May, according to the National Association of Realtors, logging the largest-ever increase in prices since the NAR began tracking data.

    “Whether it’s apartments, storage facilities for warehouse distribution, or single-family homes, private-equity is getting into this as an inflation hedge,” Nicholas Tsafos, a partner with accounting firm EisnerAmper, told Insider.

    Home Partners, which owns more than 17,000 homes in the US, rents out these properties, but tenants have an opportunity to someday buy the home.

    In the single-family rental arena, private-equity firms can hike rents, while also holding onto profitable, tangible assets.

    “Because interest rates are low, and with the potential for a pick-up in inflation, private-equity also feels the need to be long on hard assets,” Tsafos said. “In real estate, you buy it today and then flip it for a higher price.”

    Jon Gray, Blackstone’s president and COO, alluded to it during the firm’s earnings call in April when he said multi-family apartments that come with the ability to reset rents were key for Blackstone.

    The firm bought many houses at remarkable discounts after the housing market crashed in 2007. It accumulated a number of single-family homes through a former portfolio company Invitation Homes. Blackstone sold its final block of shares in the company in 2019.

    The private-equity shop also favors logistics spaces, such as warehousing, life sciences offices, and media and studio businesses with offices, according to a June 22 research note from UBS.

    In October, Blackstone made a handsome investment when it sold life sciences real-estate company BioMed Realty for $14.6 billion, after acquiring it for about $8 billion in January 2016.

    And it’s not just Blackstone. Fellow private-equity investor KKR is investing in My Community Homes, a platform that buys and manages single-family rental properties, according to Bloomberg.

    KKR will invest in My Community Homes through its real-estate and private-credit vehicles.

    A spokesperson for KKR was not immediately available to comment.

    The Carlyle Group said in May that it provided up to $300 million to Four Springs Capital Trust, a private REIT that acquires and manages single-tenant properties with long-term net leases.

    Four Springs will use the money to build its portfolio, which encompasses 122 properties across 29 states, Carlyle said in a press release.

    The move on real estate comes while private investment firms sit on more than $1 trillion in cash. Borrowing costs, too, remain subdued as the Fed keeps interest rates at all-time lows.

    Given the sheer amount of dry powder available, coupled with accommodative credit markets, private-equity is keen to conduct a surfeit of acquisitions, and isn’t shy about injecting large sums of equity into prospective investments.

    Medline, for example, is expected to raise roughly $17 billion from the debt markets, while the private investors are providing a similar amount in equity.

    “Big leveraged buyouts are back in vogue,” said Christopher Zook, chairman and CIO of alternative investment manager CAZ Investments. “Whether it’s KKR or Blackstone, they have large capital to put to work. So they’ve got to do a ton of deals.”

    Disclaimer: KKR holds a majority stake in Insider’s parent company, Axel Springer.

    It’s been quite the month for Blackstone.

    Source: https://markets.businessinsider.com/news/stocks/blackstone-home-partners-america-single-family-rental-real-estate-inflation-2021-6-1030556791

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    Trading the Fed, plus insights from a 99th-percentile fund manager

    Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here…

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    Hello and welcome to Insider Investing. I’m Joe Ciolli, and I’m here to guide you through the current market and investing landscape. Here’s what’s on the docket:

    If you aren’t yet a subscriber to Insider Investing, you can sign up here.

    Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at [email protected] or on Twitter @JoeCiolli.

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    Pool/Getty Images

    The Federal Reserve left interest rates steady this past week while setting the stage for two hikes by year-end 2023. Traders, who took a wait-and-see approach before the Fed meeting, quickly sprung into action. Insider spoke with Wall Street and crypto investors to gauge how to position for the hawkish shift.

    Read the full story here:

    The Fed has left rates steady while signaling 2 potential hikes by the end of 2023. Here is what to do with your stocks, bonds, and digital assets, according to top Wall Street and crypto investors.99th-percentile insights and stock picks Dave Ellison

    Hennessy Funds

    Financial-sector stocks have outperformed the rest of the market over the last several months. Hennessy Funds’ Dave Ellison – who’s in the 99th percentile compared to peers over the past year – told Insider he expects their strong performance to continue. He shared 5 financial stocks to buy now in order to take advantage of the remaining upside.

    Read the full stories here:

    Dave Ellison has beaten 99% of his peers over the last year managing the Hennessy Small-Cap Financial Fund. He breaks down why he thinks financial stocks still have room to run – and shares 5 names to bet onSPAC shorts SPACs and hedge funds 2x1

    Brian Snyder/Reuters; Michael Loccisano/Getty Images; Samantha Lee/Insider

    Short interest in SPACs stood at $3.2 billion in mid-June, up from $2.7 billion. The uptick in SPAC shorts comes as the market works to recover from a weeks-long slowdown, and one ETF manager expects recently “de-SPACed” companies to see short activity surge soon. Exclusive data shows the 20 most-shorted blank-check companies right now.

    Read the full stories here:

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    Join us and learn how to navigate the complicated process of buying a home in today’s hot market on Tuesday, June 22 at 12 p.m. ET – during a free, hour-long virtual event presented by Fidelity.

    Register here.

    Stock pick central

    Seeking experts who are willing to name names? Look no further:

    Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at [email protected] or on Twitter @JoeCiolli.

    Source: https://markets.businessinsider.com/news/stocks/trading-fed-99th-percentile-picks-spac-short-selling-insider-investing-2021-6-1030537490

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