JetBlue Airways Corp. said Wednesday it will enter the transatlantic market, starting Aug. 11 with service between New York’s JFK airport and London’s Heathrow Airport (LHR). The air carrier will expand its service from JFK to London’s Gatwick Airport (LGW) on Sept. 29. The carrier will also start service to London from Boston in the summer of 2022. Tickets are now on sale for London flights from JFK, starting at $599 roundtrip for U.S.-based travelers, and at $1,979 roundtrip for the premium “Mint” service. JetBlue’s stock dropped 2.5% in premarket trading, as the U.S. Global Jets ETF shed 1.8% ahead of the open and S&P 500 futures slid 0.9%. “JFK-LHR, the single largest international air travel market from the US, has long suffered from outrageously high fares for far too long, especially in premium cabins,” said Chief Executive Robin Hayes. “We’re ready to change that with a price point and experience that will impress even the most discerning transatlantic flyers.”
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
