The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Trefis) -- JetBlue Airways ( JBLU - Get Report), the sixth-largest passenger carrier in the U.S. based on revenue passenger miles, recently announced an interline partnership with TAM Airlines ( TAM), the largest airline in Brazil, under which it will be able to connect its travelers to 45 cities across Brazil and other international destinations covered by TAM in South America. JetBlue competes with major U.S. passenger airlines including Delta Air Lines ( DAL), Southwest Airlines ( LUV), American Airlines ( AMR) and US Airways ( LCC). The low-cost carrier currently enjoys a market share about 1% globally and expects to boost this percentage with the new partnership, which promises increased global reach and enhanced customer benefits. We have a near-$6.90 price estimate for JetBlue Airways, which is about 70% ahead of the current market price.
JetBlue currently derives about 20% of its value from the international passenger operations. The company has an opportunity to increase its international market share as a result of the TAM partnership, which promises a higher overall valuation as the contribution of JetBlue's international operations to the total value increases. See our complete analysis for JetBlue's stock Like our charts? Embed them in your own posts using the Trefis Wordpress Plugin.