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JSX is a hop-on jet service that serves a massive and underserved need for quick, hassle-free, affordable, and crowd-free air transportation in a manner that is faster and safer than driving. Both cities no longer show up on the company’s map of western routes. JetSuiteX Airlines is now known as JSX. And now we know the company is working to whittle that number down even further. Dallas-based scheduled charter airline JSX, formally JetSuiteX, announced the addition of a new route from Seattle’s Boeing Field to Portland, Ore. beginning April 2, 2020. Now consider that Southwest can -- famously -- make money on low fares that most other carriers can't profitably match. Booked the flight directly from their website and it was very easy to book with no surprises. He spends a lot of time these days focused on the industrials and financials. Rich Smith (Alaska Air Group): As recently as seven months ago, I would have called Alaska Air Group (which is based down in the lower 48, by the way -- in Seattle) a stone cold bargain. JSX flies out of private air terminals on Embraer 135 aircraft. JSX flies more than 330 weekly flights and focuses on connecting highly desirable business and leisure markets within 500 miles which means customers can save up to two hours each time they fly by … Shares of U.S. airlines are down between 40% and 63% year to date. Vacationers and those visiting family tend to be more easily lured back by low fares. I mean, a company with an $8 billion market cap, generating more than $1 billion in annual free cash flow? This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We know it's going to be an extended downturn for airlines, with the industry expecting it will take until 2022 at least before travel demand returns to pre-pandemic levels. We’re motley! Discount king Southwest, by comparison, spent 12.17 cents. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. The company at the end of June had $1.2 billion in unrestricted cash, and expects to burn through less than $4 million per day in the third quarter. Company profile page for JetSuite Inc including stock price, company news, press releases, executives, board members, and contact information Free drinks. This includes a mixture of pop-up, seasonal, and year-round flights. This is the inaugural year for Top Workplaces … But Sprit's laser-focus on costs, and ability to undercut all comers on ticket prices, makes it a dark horse to outperform the competition in the quarters to come. Valet parking provided by EPIC VALET. But JSX did announce an expansion this week, planning to debut in Texas later in November. Getting to the airport was quite easy from both ends as the private jet terminals are separate and not busy at all. [3] [4] The airline sells its flights as public air charters under DOT 14 CFR Part 380, and flights are operated by its subsidiary Delux Public Charter (as JSX Air) under FAA Part 135. JAKIDX | A complete JSX Composite Index index overview by MarketWatch. Booking. Meanwhile, the airline has $2.8 billion in cash and equivalents on hand, good to fund nearly two years of operations at the current burn rate -- and access to another $1.1 billion in government loans if it needs them, enough to last an additional nine months. Hop-on service to Orange County will commence on July 2, 2020 and service to Burbank will commence on July 23, 2020, each with daily … DALLAS, Feb. 1, 2021 /PRNewswire-PRWeb/ -- JSX, the revolutionary hop-on jet service that is paving the way for smart, seamless, socially-distanced public air travel, has announced it has earned the 2021 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. Testing AAA’s new GIG service amid a pandemic, Billionaire philanthropist MacKenzie Scott marries Seattle science teacher, Critics take aim at SpaceX’s Starlink, Amazon’s Project Kuiper and other satellite constellations, Republican Senator Marco Rubio unleashes blistering attack on Amazon, says he stands with union effort and criticizes company’s ‘woke’ culture, Report on COVID-related philanthropy credits MacKenzie Scott with powering 25% of U.S. giving, Like what you're reading? In February, JSX added a $49 flight from Seattle to Portland. It's been a rough year for airline investors, as the coronavirus pandemic has caused global travel volumes to evaporate, sending the industry scrambling to avoid bankruptcies. Call me crazy, but I still think it's a bargain ... if you can be patient long enough. A new hop-on jet service at Sky Harbor with daily flights in private terminals for the cost of … Returns as of 03/14/2021. Download or export of the lists of Airline Stocks is also provided. John Rosevear (Southwest Airlines): Southwest has long been a favorite of investors, and there are some very good reasons to like it now. About JSX. 113 reviews of JSX "Let's break this private jet business down, not quite literally. JSX … Go here to nominate for the GeekWire Awards, Subscribe to GeekWire's free newsletters to catch every headline. Let us know. There are likely good bargains to be found if the industry can weather the crisis. But with all airlines having to adjust, management is confident Spirit is still in good shape to compete. Southwest was an early customer for Boeing's troubled 737 MAX. Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. The California-based “hop-on” jet service, with one-way fares starting at $99, first arrived in Seattle in July 2019, and was using Boeing Field rather than Seattle-Tacoma International Airport. The airline is technically a public charter airline, however, its prices are much closer to that of a low-cost airline. That makes it a strong choice here. Nominations open for the GeekWire Awards: Nominate entrepreneurs, innovators and community leaders today. Non-revenue standby travel on JSX, JetBlue, Southwest Airlines, Spirit Airlines, and many more Domestic & International carriers Uniform allowance provided to new hires with annual replenishment EFB (iPad) issued at no cost View stock market news, stock market data and trading information. Go here to nominate for the GeekWire Awards. On January 1, 2021, SNA plans to remove XE from service altogether. Stock Advisor launched in February of 2002. Given the uncertainty, I'm not ready to guarantee any airline can fly through this crisis. But if the worst-case scenario is avoided, Spirit is both the least-expensive U.S. airline relative to book value and a top candidate to be among the first airlines to bounce back. Used them to fly from LA to Vegas and back. Of course, things will get better for all of the airlines, eventually. No lines & no waiting means more time to do your thing. The stock is almost certain to end this year with a huge GAAP loss before returning to profitability in 2021. Long story short: Southwest has a better chance than most of emerging from the COVID-19 mess in good shape, and an excellent chance of leading the industry's recovery. JSX launches in Phoenix and offering luxury flights. JSX to offer $49 flights from Seattle’s Boeing Field to Portland starting this spring, Pandemic exposes cracks in US labor market, leaving gig workers feeling desperate and exposed, Amid widespread tech industry layoffs, some companies are still hiring in a ‘flipped’ labor market, Car-sharing returns to Seattle, but will it last? No TSA lines. 2700 East Old Tower Road Phoenix, AZ 85034 P: 800-435-9579 E: customersupport@jsx.com . We've left on a jet plane, but you can follow these popular routes. Lou Whiteman (Spirit Airlines): Spirit in normal times is the butt of a lot of jokes as the nation's biggest "ultra-low-cost" carrier, charging for "extras" like carry-on bags and refreshments that other airlines give away for free. Better yet, it expects that burn rate to decline over time, even if industry conditions don't improve -- and if things get worse or last longer than we expect, it has about $12 billion in additional unencumbered assets to borrow against. With The Wall Street Journal predicting that air traffic will recover about "a year or more following the launch of a vaccine" against the coronavirus, "and another year after that before travel happens in large numbers" sufficient to get profitability back to normal, I think Alaska has enough cash at this point to get through this crisis and emerge a survivor. JSX, previously branded as JetSuite X, is a small, short-haul airline that promises a "private-like" air travel experience for not much more than the cost of standard commercial travel. But another reason to like Southwest is that its recovery might come early. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. For starters, Southwest has the not-at-all-dubious distinction of being the only major airline that has never gone through bankruptcy -- and it's arguably the carrier with the best chance of gliding through the current crisis unscathed. JSX is still conducting city-pair regional airline flights, according to its website. Go here to nominate deserving companies, organizations and leaders. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. In the first half of 2020, Spirit reported a cost per available seat mile (CASM), an industry metric used as a base unit for airline flying, of 10.29 cents. For those looking to speculate on a recovery with a small part of a well-diversified portfolio, Spirit is not a bad place to look. Operator of a line of private jets intended to help people in their transit. As air travel begins to slowly pick up, carriers are beginning to reinstate routes it were forced to cut. Founded in 2016, JSX is a hop-on jet service that's faster on the ground, more comfortable in the air and competitively priced with flights starting from $89 each way. Cash burn rates have already been cut from as much as $400 million a month at the start of the pandemic to $120 million in June, Alaska reported at the end of July. Good reasons to show this airline's stock some LUV John Rosevear (Southwest Airlines) : Southwest has long been a favorite of investors, and … Founded in 2016, JSX (previously "JetSuiteX") is a hop-on jet service that's faster on the ground, more comfortable in the air and competitively priced with flights starting from $89 each way. JSX is an independent regional airline in the United States that describes itself as a "hop-on jet service" offering short-haul flights between and within Arizona, California, Nevada, Texas, and Utah. You’ll find the full flight schedule on Google Flights, which will then redirect you to book on JSX.com.. You’ll also notice that JSX flights show up on JetBlue’s website.That’s because JetBlue has a partnership agreement with them thanks to its minority investment in JSX. At a moment when the industry's skies are anything but clear, it's still true: Having raised about $16 billion since the beginning of the year, the company said in June that it has enough cash to last two years at its current burn rate. The company's private jets provide the facility of private air travel to people through efficient operations, acute attention to detail, enabling passengers to travel to places using air transit. “JSX entered the [Seattle] market pre-pandemic and it simply wasn’t mature enough to sustain once the pandemic hit,” a JSX spokesperson told GeekWire, saying that a route servicing Seattle to Oakland suffered because those were “two of the biggest lockdown areas when COVID-19 hit.”. JSX is an independent regional airline in the United States that describes itself as a "hop-on jet service" [2] offering short-haul flights between and within Arizona, California, Nevada, Texas, and Utah. At a recent price of $34, it's already recovered nearly 50% off its lows. JSX. 1)The Complete List of Airline Stocks trading on the New York Stock Exchange (NYSE) as of Mar 9, 2021 are shown below. Subscribe to GeekWire's free newsletters to catch every headline, presented by First Tech Federal Credit Union. Self-parking is prohibited. Have a scoop that you'd like GeekWire to cover? Consider that the majority of its routes are domestic, which are likely to see demand return before international routes, and that in a typical recession, it's the leisure travelers (rather than business travelers) who return first -- because they're more likely to travel when tickets are discounted. "Thanks" to the COVID-19 outbreak, Alaska Air got pushed into a $232 million loss in Q1 this year, then followed that up by reporting a $214 million loss in Q2. JSX said the airport closer to downtown Seattle would allow its “nerd bird” users to avoid traffic and the hassles of long airport security lines and get the perks of private jet service. JSX Announces Seattle Expansion. Still, the prospects for an eventual recovery look good. JetSuite General Information Description. Market data powered by FactSet and Web Financial Group. The JSX departure lounge is located on the NW side of the building, opposite of Swift Aviation. JSX, the regional air carrier that originally arrived in Seattle to cater to tech travelers to Silicon Valley, has pulled out of the market citing a lack of demand during the pandemic. "All airlines are going to be facing short-term utilization reductions and it impacts everyone's cost structure.". Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The airline sells its flights as public air charters under DOT 14 CFR Part 380, and flights are operated by its subsidiary Delux Public Charter (as JSX Air) under FAA Part 135. From late February 2020 to late March, Alaska Air stock plummeted 64%, ending at $23.56. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Airline Stocks to Buy in August @themotleyfool #stocks $ALK $LUV $SAVE, Lou Whiteman, Rich Smith, and John Rosevear, kept the company's balance sheet in clear skies, Alaska Air Is Gearing Up for a Demand Recovery, Alaska Air Group (ALK) Q4 2020 Earnings Call Transcript, 2 Top Airline Stocks to Bet on a 2021 Recovery, Boeing Lands Another 737 MAX Order From Alaska Airlines, Alaska Air Is Still Betting on the Boeing 737 MAX, Copyright, Trademark and Patent Information.