|Bid||19.24 x 1300|
|Ask||19.30 x 2900|
|Day's Range||19.25 - 19.64|
|52 Week Range||15.19 - 20.14|
|Beta (3Y Monthly)||1.39|
|PE Ratio (TTM)||42.52|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has assigned a Aa2 to the Massachusetts Port Authority's (Massport's) $155.3 million Revenue Bonds, Series 2019-B (Non-AMT) and $305.9 million Revenue Bonds, Series 2019-C (AMT). The rating outlook is stable.
Bullish unit revenue projections for the second quarter of 2019 from Alaska Air (ALK) and JetBlue (JBLU) highlight the upbeat demand for air travel.
JetBlue and American Airlines are among possible U.S. buyers for Airbus' new single-aisle jet, which was officially launched Monday in Paris and may rival a Boeing plane.
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 NASDAQ/NGS:JBLUView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for JBLU with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding JBLU totaled $68.70 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. JBLU credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Airbus has broken records by launching the longest-range narrow-body jetliner at the Paris Airshow, but planemakers are having to rethink their mantra on comfort as they squeeze ever more miles out of jets designed for shorter trips. Airbus and Boeing have been promoting new carbon-fibre long-haul aircraft such as the 787 Dreamliner and A350, which offer roomier cabins and help passengers avoid jet lag by providing a cabin pressure closer to that felt on the ground. Airbus pushed that further on Monday by adding a longer stride to the A321neo with its new A321XLR, whose range of 4,700 nautical miles leapfrogs the out-of-production Boeing 757 and nudges it into the long-jump category enjoyed by wide-body jets.
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%.
With traffic growth exceeding capacity expansion, JetBlue's (JBLU) load factor improves in May. Additionally, the company revises guidance for current-quarter unit revenues.
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%.
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 .
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
By Stephanie Kelly NEW YORK, June 6 (Reuters) - Major airline companies have complained to U.S. regulators about fees to ship jet fuel on Buckeye Pipe Line Company's refined products line to New York City area airports, saying they have each overpaid between $900,000 and $1.7 million. American Aviation Supply LLC, Delta Air Lines Inc, JetBlue Airways Corp and United Airlines called Buckeye's rates "unjust and unreasonable," according to a complaint to the Federal Energy Regulatory Commission dated on Wednesday. The company in 2018 over-recovered its cost of service by about 16.6%, the complaint added. Each complainant overpaid between $0.9 million and $1.7 million from May 1, 2017 to April 30, 2019, the complaint said.
The new restrictions are aimed at pressuring Cuba's Communist government to reform and stop supporting Venezuelan President Nicolas Maduro. "Due to changes in U.S. policy, the company will no longer be permitted to sail to Cuba effective immediately," Carnival Corp said. A spokesman for Norwegian Cruise Line Holdings Ltd said the company had ceased all calls to Cuba and was modifying previously scheduled sailings.
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.