|Bid||0.00 x 300|
|Ask||370.00 x 500000|
|Day's Range||343.00 - 343.00|
|52 Week Range||301.35 - 389.18|
|Beta (3Y Monthly)||-0.42|
|PE Ratio (TTM)||757.17|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The verdict is in for North America's best airlines of the year. Yahoo Finance's Seana Smith, Heidi Chung, Brian Cheung and Emily McCormick discuss.
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.
Citigroup argues that positive pricing, some relief in fuel prices, and low expectations for earnings, should help the airline’s shares outperform.
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.
Airlines are keenly aware of their role in damaging the atmosphere, given that they account for about 2% of annual global carbon emissions. One of them had an experiment lined up for Wednesday morning, the very day chosen by the UN: United scheduled a flight to California that aimed to go all green. The world’s second-largest airline planned to reduce cabin waste to zero, while flying on a biofuel mixture and “erasing” the remaining emissions with carbon offsets—all on a one-off flight from Chicago to Los Angeles.
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.
JetBlue Airways Corp is in discussions with Airbus SE about the European planemaker's plans for a longer-range version of its A321neo family as it prepares to jump into the transatlantic market, Chief Executive Robin Hayes said on Monday. The sixth-largest U.S. carrier has 85 A321neo aircraft on order, of which it has already decided to convert 13 into a longer-range version called the A321LR for its planned launch of daily flights from New York and Boston to London in 2021. It is studying the A321XLR, which Airbus has been promoting ahead of a formal product announcement in June.
JetBlue is making a comeback after ceding the top spot in a J.D. Power satisfaction study to Southwest Airlines for the past two years.
JetBlue (JBLU) today was named Highest in Customer Satisfaction Among Low Cost Carriers in the J.D. Power 2019 North America Airline Satisfaction Study. This is the 13th time JetBlue has been named as the top airline in this segment.
Airline passengers were most satisfied with Alaska Airlines (ALK) for the 12th year in a row, according to J.D. Power’s latest North America Airline Satisfaction Study.
For all the complaints about flight delays, airports, cramped planes and bad food, J.D. Power's latest travel survey shows passengers are more satisfied than ever with airline service.
After United Airlines' disastrous 2017 — when security officers in Chicago forcibly removed a customer from an overbooked plane — the company's board revamped how senior executives earned performance bonuses, adding a segment for customer satisfaction. By most accounts United has improved. But not enough, the board found. "While progress has been made, the Company […]The post United Won't Pay Munoz a Full Bonus: U.S. Airline CEO Pay 2018 appeared first on Skift.
J.P. Morgan initiated Beyond Meat as overweight Goldman Sachs upgraded Activision Blizzard to buy from neutral and added to the conviction buy list Evercore ISI downgraded Southwest Airlines to in line ...
Buy-write combinations -- buying shares while simultaneously selling covered calls and naked puts on the same stock, using identical strike prices and expiration dates -- is a very powerful investment technique. Unlike combination players, outright owners of JBLU would have had no downside protection if the shares declined, rather than rose.