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JetBlue enters basic economy battle with new fare options

JetBlue Airways Corp on Tuesday became the latest U.S. airline to launch a low-fare option in an effort to rival basic economy offerings from major airlines and meet competition from ultra low-cost carriers. The new fare, to be called “Blue Basic,” will allow one carry-on bag – space permitting – and free seat selection 24 hours before the flight, but those passengers will be the last to board the plane. “There is a growing customer segment that really values low fares and that are willing to trade off certain benefits,” JetBlue President Joanna Geraghty told Reuters. …read more […]

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Norwegian Air to fly three new non-stop U.S.-Europe routes

Budget airline Norwegian Air said on Tuesday it will add three more non-stop routes from the United States to Europe next summer, as the Norway-based carrier looks to expand its services to sought-after European destinations. The announcement of new routes comes at a time when Europe’s third-largest low-cost carrier by passenger numbers, after Ryanair and easyJet, has been making major inroads in the market for transatlantic travel, but has hemorrhaged cash in the process. Norwegian was left with a whopping 61.7 billion crowns of interest bearing debt at the end of the third quarter ended September, around ten …read more […]

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3 Buy-Rated Stocks to Watch Tuesday

Earnings season isn’t over yet. While the majority of S&P 500 companies have already reported, Wall Street is still eagerly awaiting the results from a select few names. With the results generally being better-than-expected, investors can’t wait to see what is in store for the companies lining up to report. Bearing this in mind, we wanted to dig a little deeper to get the lowdown on a few stocks that have yet to release their earnings reports. To get this done, we turned to TipRanks. The platform’s Stock Screener tool enabled us to pinpoint 3 must-watch tickers ahead of …read more […]

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Oil rises further above $62 as trade hopes support

Oil rose further above $62 a barrel on Tuesday, supported by hopes that U.S. President Donald Trump may signal progress on trade talks with China and lower inventories at a U.S. oil hub. Concern about slower economic growth and oil demand due to the fallout from the 16-month U.S.-China trade dispute sent prices lower on Monday. Trump gives a speech later on Tuesday and investors are keen for an update on the talks. …read more […]