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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

JetBlue May Soon Start Flying to Europe

By
Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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July 26, 2016, 5:44 PM ET
Operations Inside The JetBlue Airways Corp. Terminal Ahead Of Earnings Figures
A JetBlue Airways Corp. Airbus Group SE A320 aircraft taxis to the gate on the tarmac at Long Beach Airport (LGB) in Long Beach, California, U.S., on Monday, April 25, 2016. JetBlue Airways Corp. is scheduled to release earnings figures on April 26. Photographer: Patrick T. Fallon/Bloomberg via Getty ImagesPhoto by Patrick T. Fallon—Bloomberg via Getty Images

JetBlue has long been known as a domestic discount carrier, but it could soon start offering transatlantic flights.

The New York-based airline recently put in an order for new aircraft, specifically Airbus Group’s (AIRBUS-GROUP-N-V) single-aisle A321 planes. The Wall Street Journal reports that this new purchase gives the air carrier the “potential to consider markets in Europe.” If they’re configured with a different engine, additional fuel tanks, and heavier landing gear, they could be used for longer flights.

The new version of the A321 planes are expected to be offered by Airbus as of 2019. JetBlue (JBLU) has until late next year to decide whether or not to modify its order to include the heavier duty planes. Robin Hayes, the airline’s CEO, told the Journal that flights to Britain and Europe “suffer from the same lack of competition and high fares” as domestic flights, suggesting that this is something the company is seriously considering. JetBlue’s profits for the second quarter of this fiscal year climbed 18.5% as compared to 2015, reaching $180 million.

As was reported earlier this year, JetBlue will be expanding its Mint premium service. By 2017 the airline will offer as many as 70 premium flights each day with 13 destinations.

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By Michal Addady
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