JBLU - JetBlue Airways Corporation
| Previous Close | 18.92 |
| Open | 18.93 |
| Bid | 18.55 x 2900 |
| Ask | 18.78 x 3100 |
| Day's Range | 18.54 - 18.93 |
| 52 Week Range | 15.19 - 19.93 |
| Volume | 4298497 |
| Avg. Volume | 4,835,244 |
| Market Cap | 5.2B |
| Beta (5Y Monthly) | 0.79 |
| PE Ratio (TTM) | 9.77 |
| EPS (TTM) | 1.90 |
| Earnings Date | Jan 22, 2020 - Jan 27, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 21.67 |
- MarketWatch
This is going to be the absolute worst day for holiday travel this year
A record 115.6 million Americans are expected to take to the skies, rails, roads and waterways between Dec. 21 and Jan. 1, according to AAA’s 2019 holiday travel report, which is the highest number in almost 20 years. Indeed, this is the eighth consecutive record high since AAA began tracking holiday travel in 2001. Most (91%) are hitting the roads — to a tune of 104 million people driving, the global transportation analysts at INRIX warned AAA, with traffic jams expected to be the worst the day after Christmas on Thursday, Dec. 26.
- Business Wire
JetBlue Celebrates New Year of Boston Growth with Plans to Bolster Flights to New York and Other Key Cities in 2020
JetBlue, the top airline in Boston, today announced its momentum in New England will continue in 2020.
- MarketWatch
JetBlue shares fall 2% premarket after airline offers soft outlook for Q4 RASM
JetBlue Airways Corp. shares fell 2% in premarket trade Wednesday, after the airline said it expects fourth-quarter revenue per available seat mile to range from down 3.5% to down 1.5%. The company said the decline was due to softer-than-expected close-in yields in late November, along with the negative impact of weather over the Thanksgiving holiday. The company said traffic rose 3.7% in November from the year-earlier period on a 7.1% rise in capacity. The November load factor came to 80.8%, down 2.7 points from the year-earlier period. Shares have gained 18% in 2019, while the S&P 500 has gained 25%.
- Business Wire
JetBlue Airways Reports November Traffic
JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for November 2019. Traffic in November 2019 increased 3.7 percent from November 2018, on a capacity increase of 7.1 percent. Load factor for November 2019 was 80.8 percent, a decrease of 2.7 points from November 2018. JetBlue’s preliminary completion factor for November 2019 was 99.9 percent and its on-time (1) performance was 80.4 percent. JetBlue expects fourth quarter revenue per available seat mile (RASM) to range between (3.5) and (1.5) percent, driven by softer than expected close-in yields in late November, combined with the negative impact of weather over the Thanksgiving holiday peak.
- Business Wire
For Second Year JetBlue Named Best Domestic Economy Class and Best Domestic Business Class at The Points Guy Awards
JetBlue today announced it has again been recognized by The Points Guy with awards for Best Domestic Economy and Business Class.
- Benzinga
US Airline Companies Shaking Up Their Infrastructure
JetBlue Airways Corporation (NASDAQ: JBLU) is once again the subject of a possible merger speculation and by no other than Delta Air Lines (NYSE: DAL) who invested quite a lot in earning a reputation for its smooth public relations strategy. This intrigue came out as both companies dropped out of an upcoming Buckingham Research conference next week.
- Insider Monkey
Is JetBlue Airways Corporation (JBLU) A Good Stock To Buy ?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
- Moody's
Massachusetts Port Authority -- Moody's affirms A3 on outstanding Massachusetts Port Authority ConRAC Project bonds; outlook is stable
Moody's Investors Service ("Moody's") affirms the A3 ratings on Massachusetts Port Authority's ("Massport") Special Facilities Revenue Bonds for the Consolidated Car Rental (ConRAC) Facilities Project, impacting approximately $187 million of debt currently outstanding. The credit profile of Massachusetts Port Authority's ConRAC Project is anchored by the strength of Boston-Logan International Airport (BOS) and the local economy. This passenger base drives stability in transaction days and CFC collections, though these have been more recently impacted by TNCs.
- Investor's Business Daily
Stocks Showing Improving Market Leadership: JetBlue Airways Earns 80 RS Rating
On Thursday, JetBlue Airways reached an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 80, a rise from 69 the day before. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. JetBlue Airways is not currently showing a potential entry point.
- Benzinga
Najarian Brothers Highlight Unusual Option Activity In Sanofi, JetBlue And More
On CNBC's "Fast Money Halftime Report," Jon Najarian said traders were aggressively buying the December $15.50 calls in Teck Resources Ltd (NYSE: TECK ) on Wednesday. They picked the $15.50 strike, ...
- Business Wire
JetBlue’s Award-Winning Employer-Sponsored College Degree Program, JetBlue Scholars, Reaches a Milestone – 250 Degrees Conferred
JetBlue (NASDAQ:JBLU) is celebrating the latest milestone for its award-winning employer-sponsored education program – 250 degrees conferred in just three years. JetBlue’s innovative model goes beyond the traditional tuition reimbursement method. JetBlue Scholars launched in 2016 offering the airline’s crewmembers an opportunity to earn fully accredited undergraduate college degrees, with JetBlue covering most of the cost. JetBlue Scholars now also includes a pathway for crewmembers to earn master’s degrees at discounted and affordable rates.
- Schaeffer's Investment Research
Bouncing JetBlue Stock Sees Surge in Call Volume
JBLU calls are crossing at 179 times the average intraday pace today
- Business Wire
JetBlue Appoints Christopher Lewless as Vice President, Labor Relations and Tim Rohrbaugh as Vice President, Enterprise Information Security
JetBlue (JBLU) today announced the appointment of Christopher Lewless as the company’s vice president, labor relations and Tim Rohrbaugh as vice president, enterprise information security. As vice president, labor relations, Lewless will oversee the company’s labor relations strategy and will report to Mike Elliott, JetBlue’s chief people officer. Previously, Lewless spent 20 years working in human resources roles, including almost a decade at Horizon Air where he led human resources, as well as labor and employee relations for the airline.
- Simply Wall St.
Does JetBlue Airways Corporation's (NASDAQ:JBLU) Past Performance Indicate A Weaker Future?
In this article, I will take a look at JetBlue Airways Corporation's (NasdaqGS:JBLU) most recent earnings update (30...
- American City Business Journals
United Airlines orders 50 Airbus jets to replace entire fleet of Boeing 757 jets
The $6.5 billion order was an early Christmas gift for Airbus and a blow to Boeing's New Mid-market Airplane program, which remains in limbo as Boeing is consumed with challenges surrounding the 737 Max and 777X programs
- American City Business Journals
When it comes to airline apps, American and United rank last
As a category, airline travel apps do not notch satisfaction stores that are as high as those for other digitally-savvy companies such as credit card providers.
- Business Wire
JetBlue and JFK Millennium Partners Select New York-based Private Equity Investor – American Triple I as a Minority Owned Business Enterprise (MBE) Financing Partner for Terminals 6 and 7 Redevelopment Project at New York’s JFK International Airport
JetBlue (JBLU) in partnership with JFK Millennium Partners (JMP), recently announced a new investment partner— infrastructure investor American Triple I Partners, a 100% minority-owned and managed business enterprise (MWBE). Following a request for proposals to the investment community and competitive selection process, JetBlue and JMP selected American Triple I Partners (ATI) as a 30 percent equity investor in the project. Based in New York, ATI is a developer and manager of infrastructure assets with decades of experience in project development and finance.
- Zacks
The Zacks Analyst Blog Highlights: Delta Air Lines, Air France-KLM, JetBlue Airways, American Airlines and United Airlines
The Zacks Analyst Blog Highlights: Delta Air Lines, Air France-KLM, JetBlue Airways, American Airlines and United Airlines
- Zacks
Here's Why Hawaiian Holdings is a Must Add to Your Portfolio
Reduction in fuel costs is supporting Hawaiian Holdings' (HA) bottom-line performance.
- Zacks
US Gives Final Nod to Transatlantic Joint Venture Agreement
The joint venture offers customers more travel options on European flights along with expanded capacity and reciprocal frequent-flyer benefits.
- Bloomberg
Brands Are Bypassing Influencers and Targeting Teens With Memes
(Bloomberg) -- Big brands usually take their ad campaigns very seriously. But sometimes they don’t. In their latest attempt to win over the coveted Generation Z, companies from Uber to Netflix are laughing at themselves in sponsored memes, or funny vignettes, on Instagram. Meme accounts compile text and images or short videos that poke fun at a cultural symbol or social idea. They’re funny, can be curated by a 12-year-old or an ad agency, and rack up millions of followers. Teenagers love memes and brands love teens.“As a brand if you’re able to tap into these really topical memes in an authentic way, I think it’s a really powerful tool to show Gen Zs and Millennials what your brand stands for, and also that you’re a brand that gets them and their lifestyle,” said Carrie Dino, media director at creative advertising agency Mekanism.Meme accounts are a way for brands to reach a powerful audience that doesn’t consume media in the same way their parents and grandparents did. Gen Z, roughly between the ages of 7 and 22, is the biggest consumer cohort globally, with spending power to the tune of more than $143 billion in the U.S. alone. And while Instagram remains the most popular social platform among teenagers, Dino said meme accounts are one of the fastest growing parts of Instagram.Tech companies and dating apps like Bumble and Hinge were among the first to seize on the potential of memes for advertising, but more traditional brands like JetBlue Airways and Budweiser have also bought sponsored content on meme accounts.In the past, companies trying to reach young people online have turned to Instagram’s influencers, often beautiful people who post aspirational content, to spread their message. But as the influencer market grows, from an estimated $5.5 billion in 2019 to $22.3 billion by 2024 according to a study by Markets and Markets, influencers have also come to be seen as inauthentic, especially as ads have flooded the site.Memes, often sarcastic or self-deprecating in tone and far less polished than influencer posts, offer an alternative voice. Speaking the same language helps brands get higher engagement from their target audience too. Mekanism’s Dino said that when the agency partners with meme accounts to create content for paid posts, “it’s typical that we will see engagement rates of 30% across Facebook and Instagram.’’ For the same campaign, influencer or brand content drives rates of about 1% to 15%.When Molly Fedick, creative director at Hinge, joined the company, she “immediately thought memes would be a fantastic way to reach potential customers in a place that they were already hanging out, and in a way that would be entertaining for them to engage with.” Hinge, which has sponsored ads on meme pages that recount dating misadventures, has seen “absolutely incredible” results from meme advertising, and is increasing the portion of their marketing budget to that format, she said. Uber partnered with Jesse Margolis, who runs the popular “Overheard LA” and “Overheard New York” accounts with funny commentary about life in the cities, to create “Overheard Uber,” which posts jokes about humorous and sometimes awkward Uber interactions.While brands who work with influencers often retain control of the content, down to writing the caption below a picture, to be successful with meme pages they need to be able to let go and make fun of themselves a bit, said Beca Alexander, founder and president of Socialyte, an agency that matches influencers with companies.Lola Tash and Nicole Argiris have 4.3 million followers on their Instagram meme account “My Therapist Says.” But unlike Instagram influencers, they rarely post photos of themselves, instead filling their feed with screenshots of Twitter jokes and commentary about failed diets, career setbacks, and other hiccups of early twenties life. The page started as a way for the two women to keep in touch after college, but now it’s a full-time job.In 2017 an executive at Gucci who followed MyTherapistSays proposed using memes as part of the strategy for launching a line of Le Marche des Merveilles watches. Tash and Argiris jumped at the chance and were flown to Switzerland for the debut. Their memes were featured in Vogue. Since then, Tash has advertised with other large companies including Universal Music Group, Jet Blue and Uber.Another advantage of advertising on memes is that it’s about 60% cheaper than placing an ad on an influencer post, according to Zeenat Salimi, head of integrated marketing at Viral Nation, a talent agency that represents meme pages. An individual sponsored post can cost from $300 to $5,000, according to Salimi. But that’s likely to change. The trajectory of meme advertising “is going to be insane,” she said.Because the industry is still so young, right now there is “no set precedent and no set rules” for how to monetize memes or what rate to ask for ads, according to Tash. MyTherapistSays typically charges $7,000 to $20,000 per ad campaign.While influencers offer a more personalized endorsement of a product, meme ads are typically more viral and more likely to spread outside the account. An influencer might prompt a follower to buy a certain lipstick, or share that post with one friend who likes makeup, said Socialyte’s Alexander. But unlike a funny meme, “the chances of her sharing that with 20 of her friends is pretty slim.” Still, meme marketing also comes with risks; some accounts have been accused of reposting comedians’ jokes without permission, and Instagram has responded by banning some meme accounts, including those with millions of followers.Navigating the Wild West world of memes can be complicated for large companies. Brands have to be willing to relinquish some control to be successful with memes, and page runners say some companies are better at that than others.“It’s really going to depend on your brand,” said Salimi. It can fall flat when “the big corporate guy tries to be funny.”To contact the author of this story: Kiley Roache in New York at kroache@bloomberg.netTo contact the editor responsible for this story: Molly Schuetz at mschuetz9@bloomberg.net, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Airline Stock Roundup: A4A's Bullish Thanksgiving View, AAL's Expansion Update & More
The Thanksgiving holiday period is likely to be an extremely busy one for the U.S. carriers like Delta Airlines (DAL) and American Airlines (AAL).
- Bloomberg
JetBlue Founder Was ‘Death Knell’ for Canada Carrier, Suit Says
(Bloomberg) -- A would-be Canadian discount airline sued aviation entrepreneur David Neeleman, saying he interfered with its ability to get financing by hiring away its chief executive officer and bragging about it to an investment bank.Canada Jetlines Ltd. hired Lukas Johnson, the former commercial chief of Allegiant airline, in June 2018 after an unidentified investment bank advised it to hire a well-known industry figure to help secure financing. Johnson left Jetlines about six weeks later for Neeleman’s own low-cost startup airline, tentatively called Moxy.Neeleman then called the investment bank “to gloat over having done so,” according to the complaint, filed Nov. 19 in federal court in Connecticut, where Neeleman lives and Moxy is based. “Neeleman’s call was, as he intended, the death knell for the Bank’s participation in Jetlines’ financing efforts,” the lawsuit said.Neeleman, the founder of JetBlue Airways Corp., called the lawsuit “ridiculous” and said he has no interest in the Canadian market.The litigation comes less than a month after Vancouver-based Jetlines postponed a planned Dec. 17 launch date, having failed to meet conditions of other financing offers. The company cited the prospect of intense competition from existing Canadian carriers, such as WestJet Airlines Ltd.’s ultra-low-cost unit Swoop.Penny StockJetlines plunged last month when it revealed that it had lost financing and is trading down about 90% this year at less than C$1 a share.The lawsuit said Jetlines was seeking to raise about C$100 million (US$75 million) by the end of 2018. Johnson, who isn’t a defendant, was essential to that effort when he was hired away by Neeleman, Jetlines said, as he had been hired on the bank’s advice.Neeleman’s purpose, Jetlines alleged, “was to derail Jetlines’ relationship with the Bank and thereby to delay and hinder Jetlines from obtaining new financing and commencing operations as a Canadian ULCC. In that, he succeeded.” The complaint accuses him of tortious interference with business expectancy and violation of the Connecticut Unfair Trade Practices Act.Neeleman said he didn’t recall if he spoke with any banks about Jetlines. “I have no idea what they’re talking about,” he said Friday in an interview.“It’s probably just a fishing expedition to get some money” and Moxy doesn’t plan to service Canada, he said. “I have no interest in going to Canada.”He said he hired Johnson after hearing positive comments about him in the industry and because WestJet had recently begun Swoop, to defend against several new low-cost airline startups in Canada, including Jetlines. That meant Johnson would likely have better career prospects in the U.S. than in Canada, Neeleman said.Johnson declined to comment for this article.\--With assistance from Mary Schlangenstein.To contact the reporter on this story: Justin Bachman in Dallas at jbachman2@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Tony Robinson, Anthony LinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
JetBlue discloses $160 million accelerated stock repurchase deal
JetBlue Airways Corp. disclosed Friday an accelerated repurchase agreement (ASR) to buy back $160 million worth of its stock, as part of the $800 million share repurchase announced in September. Under terms of the ASR agreement, which was entered into with Morgan Stanley , JetBlue will initially receive 6.9 million shares based on the Nov. 21 closing price, and the total number of shares the air carrier will ultimately receive will be determined by the volume weighted average prices of the stock during the term of the ASR agreement. After completion, there will be $640 million remaining in JetBlue's share repurchase program. At the Nov. 21 closing price of $18.63, the ASR program could buy back 8.59 million shares, or about 3% of the shares outstanding. The stock, which was still inactive in premarket trading, has gained 16% year to date, while the NYSE Arca Airline Index has advanced 17% and the S&P 500 has climbed 24%.
- American City Business Journals
Delta to suspend Port-au-Prince to Atlanta route, the airline's last flight to Haiti
Delta is cutting its last route to Haiti. Delta Air Lines Inc. (NYSE: DAL) told Atlanta Business Chronicle it will suspend direct service between Hartsfield-Jackson Atlanta International Airport and Port-au-Prince, with the last flight out of the Haitian capital on Jan.
