NEW YORK (TheStreet) -- JetBlue Airways (JBLU) shares are up 1.18% to $19.77 in early market trading on Tuesday as the company is looking to purchase Airbus (EADSF) aircraft that have international flight capability, according to Reuters.
JetBlue currently mainly operates domestically, but the airline could look to expand its network in South America, according to reports.
The airline sees a potential fit for the long-range version of Airbus Group's A321neo planes, Executive VP for Commercial and Planning Marty St. George told Reuters.
The aircraft would allow the company to significantly increase its flight range without significantly increasing costs due to the fact that it already has the maintenance crews in place to service the aircraft.
St. George also said that while flights to Europe could be in the company's future plans, expansion in Latin America is its top priority right now.
The airline currently has 100 planes in the A320 family on order from Airbus for delivery through 2023.
"It's a plane we know well. If the (new) plane does what Airbus says it does, I am very excited for the airplane," St. George told Reuters, adding that the A320 and A321 make up the majority of its current fleet.
TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."