|Bid||16.51 x 100000|
|Ask||16.81 x 300000|
|Day's Range||16.49 - 16.49|
|52 Week Range||13.46 - 17.75|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
JetBlue and Spirit Airlines weren't able to beat their unit revenue forecasts in the second quarter, but they are still set to report stellar earnings growth.
JetBlue (JBLU) today announced the airline is celebrating Bastille Day with seats now on sale to Guadeloupe in the French Caribbean. JetBlue will expand the airline’s leadership position in the Caribbean and Latin America with new service between New York’s John F. Kennedy International Airport (JFK) and Guadeloupe’s Pointe-à-Pitre International Airport (PTP) (a).
JetBlue Airways Corp. reported Thursday June load factor that slipped to 86.9% from 87.0%, as an increase in seat supply outpaced growth in demand. The air carrier said capacity rose 4.8% to 5.30 billion available seat miles, while traffic grew 4.7% to 4.61 billion revenue passenger miles. The company said it expects second-quarter revenue per available seat mile (RASM) to increase 3.1% from a year ago, which is within its guidance range of 2.0% to 4.0%. The stock, which was still inactive in premarket trading, has rallied 17.9% year to date, while the NYSE Arca Airline Index has advanced 16.2% and the S&P 500 has hiked up 19.4%.
JetBlue Airways Corporation reported its preliminary traffic results for June 2019. Traffic in June increased 4.7 percent from June 2018, on a capacity increase of 4.8 percent.
JetBlue (JBLU) today proudly announced it has been named the number one domestic airline in Travel + Leisure’s World’s Best Awards 2019. Now approaching 20 years of low-fare flying, JetBlue continues to put the customer at the center of the travel experience in ways no airline can match. “Whether it’s new planes on new routes, our customer comfort and inflight connectivity, or our airport amenities and caring crewmembers, JetBlue strives to lead the industry in every aspect of air travel,” said Joanna Geraghty, JetBlue’s president and chief operating officer.
JetBlue Airways Corporation announced today that it will hold its quarterly conference call to discuss second quarter 2019 financial results on July 23rd, 2019 at 10:00 a.m.
JetBlue (JBLU) today announced it intends to grow its already expansive footprint in the Caribbean with new, nonstop seasonal winter service between New York’s John F. Kennedy International Airport (JFK) and Guadeloupe’s Pointe-à-Pitre International Airport (PTP) (a). “With its combination of French flair and Caribbean coolness, Guadeloupe will offer our customers an all-new and exciting destination to escape to this winter,” said Andrea Lusso, director route planning, JetBlue.
New York-JFK and Boston Service Begins at Bush Intercontinental October 27, 2019
JetBlue (JBLU) today announced it is converting 13 aircraft in its existing Airbus A321neo order book to the XLR version for delivery scheduled to begin in 2023. The aircraft will support JetBlue’s focus city strategy by allowing the airline to implement further expansion to additional European destinations from Boston and New York, while also providing added fuel efficiency. “The incredible extended range of the A321XLR allows us to evaluate even more overseas destinations as we think about JetBlue’s expansion into European markets plagued by high premium fares and subpar service,” said Robin Hayes, chief executive officer, JetBlue.
The pricing weakness that undercut both low-fare airlines' first-quarter results has disappeared, paving the way for a highly profitable summer peak season.
JetBlue Airways Corp. said Friday it has entered into an accelerated share repurchase (ASR) agreement with Goldman Sachs for the repurchase of $125 million worth of its stock. Based on Thursday closing price of $19.44, that would represent about 6.43 million shares, or 2.1% of the shares outstanding. The ASR is part of the $500 million remaining in the $750 million share repurchase program announced in December 2017. Under terms of the ASR, JetBlue will initially receive 5.1 million shares, and the total number of shares it will receive will be based on the average daily volume weighted average prices of the stock during the term of the ASR. JetBlue's stock, which was still inactive in premarket trading, has rallied 16.3% over the past three months, while the NYSE Arca Airline Index has gained 4.7% and the Dow Jones Industrial Average has tacked on 1.5%.
Falling fuel costs, an analyst upgrade, and a solid unit revenue outlook for the second quarter have helped send JetBlue stock flying higher over the past two weeks.
Load factor measures how much of an airline's passenger carrying capacity is used. Traffic in May increased 5.7% to $4.59 million revenue passenger miles from May 2018. Capacity increased 5.4% to 5.34 billion available seat miles.
JetBlue Airways (JBLU) stock rose 4.6% on June 11 after Citigroup (C) turned bullish on the airline and raised the target price as well.
JetBlue Airways Corp. reported a slight increase in May load factor, to 86.0% from 85.8%, as growth in demand outpaced an increase in seat supply. Traffic rose 5.7% to 4.59 billion revenue passenger miles, while capacity increased 5.4% to 5.34 billion available seat miles. Revenue passengers increased 1.4% to 3.69 million and departures declined 1.2% to 31,073. On-time performance, or domestic flights arriving with 14 minutes of schedule, was 77.6%. JetBlue said it expects second-quarter revenue per available seat mile to range between 2.0% and 4.0%. The stock,. which was indicated down about 0.5% in premarket trade, has climbed 18.9% year to date, while the NYSE Arca Airline Index has gained 12.1% and the S&P 500 has advanced 15.1%.
JetBlue Airways Corporation reported its preliminary traffic results for May 2019. Traffic in May increased 5.7 percent from May 2018, on a capacity increase of 5.4 percent.
Kevin Crissey wrote in a note to investors that in the short term, he sees favorable pricing trends and lower fuel prices. Wall Street is looking for roughly $2.30 in 2020 earnings per share, while the company has set a target of $2.50 to $3. In April, JetBlue reported first-quarter earnings and revenue that glided past analysts' expectations amid an increase in passenger traffic and contained per-passenger costs.
Shares of JetBlue Airways Corp. are up more than 4% in premarket trading Tuesday after Citi analyst Kevin Crissey turned bullish on the airline. In the short term, he sees favorable pricing trends and lower fuel prices. Crissey expects earnings estimates to climb given a sharp drop in fuel costs and the company's "healthy" unit revenue trajectory. He also argued that the consensus earnings forecast for 2020 looks too low. "With fuel prices now well below levels when guidance was provided, [revenue per available seat mile] can be weak or even negative, and JetBlue can still exceed consensus," Crossey wrote. Analysts expect about $2.30 in 2020 earnings per share, while the company has set a target of $2.50 to $3. In the long term, Crissey sees room for the company to improve its historical trend of being "below average at controlling unit costs." He said it would be a "huge opportunity" for JetBlue to show flat to declining costs over a period of a few years, the way Alaska Air Group Inc. did. JetBlue shares have gained 14% so far this year, compared with a 15% rise for the S&P 500 .
JetBlue (JBLU) today announced that its new and expanded Guayaquil service, with daily nonstop flights between New York’s John F. Kennedy International Airport (JFK) and Guayaquil, Ecuador’s José Joaquín de Olmedo International Airport (GYE), is now out for sale. JetBlue will launch the new service on December 5, 2019 (a).
There's a strong strategic rationale for JetBlue to offer flights to multiple points in continental Europe -- and the Airbus A321LR may not have enough range for the job.
Marty St. George, chief commercial officer of JetBlue Airways, who helped lead the team that created the airline's popular Mint business class earlier this decade, is leaving his position, the airline confirmed on Wednesday. Skift was the first to report the news Tuesday night. St. George is among the longest tenured senior executives at JetBlue. […]The post JetBlue Senior Executive Marty St. George Is Leaving the Airline appeared first on Skift.