JBLU - JetBlue Airways Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
16.86
-0.53 (-3.05%)
At close: 4:00PM EDT

16.92 +0.06 (0.33%)
After hours: 4:11PM EDT

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Previous Close17.39
Open16.81
Bid16.86 x 4000
Ask16.87 x 2900
Day's Range16.79 - 17.08
52 Week Range15.19 - 20.14
Volume5,713,977
Avg. Volume4,213,914
Market Cap4.894B
Beta (3Y Monthly)1.30
PE Ratio (TTM)11.72
EPS (TTM)1.44
Earnings DateOct 21, 2019 - Oct 25, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est20.67
Trade prices are not sourced from all markets
  • American’s stock leads airlines lower as oil price spike fuels costs, pricing concerns
    MarketWatch

    American’s stock leads airlines lower as oil price spike fuels costs, pricing concerns

    Shares of airline companies suffered a broad beating Monday, led lower by American Airlines Group Inc.’s stock, as soaring crude-oil prices stoked fears that rising fuel costs would act as a drag on earnings.

  • MarketWatch

    Airline stocks hit hard as crude oil prices spike after Saudi processing plant attacked

    Shares of airline companies took hard hits on Monday, as a spike in oil prices sparked concerns about rising fuel costs. The stocks of all six air carrier components of the Dow Jones Transportation Average declined in premarket trading: American Airlines Group Inc. slid 4.7%, Delta Air Lines Inc. dropped 3.5%, United Airlines Holdings Inc. shed 3.6%, JetBlue Airways Corp. gave up 3.1%, Southwest Airlines Co. declined 3.1% and Alaska Air Group Inc. lost 2.3%. Crude oil futures shot up 10% after the weekend attack on Saudi Aramco's Abqaiq oil processing plant. The NYSE Arca Airline Index has lost 1.7% over the past three months, while the Dow transports has gained 4.9% and the Dow Jones Industrial Average has tacked on 4.3%.

  • Business Wire

    JetBlue Adds More Bites from the Big Apple to the T5 Menu in First Major Restaurant Update at its Home Terminal at JFK Airport

    JetBlue (JBLU), today announced plans to add seven new restaurants in its home terminal – T5 at New York’s JFK International Airport. This will mark the first major update to the airline’s T5 concession program since moving into the brand-new terminal in 2008. As New York’s Hometown Airline®, JetBlue’s recipe for success at T5 includes niche stores and restaurants that offer a taste of the big apple.

  • JetBlue's (JBLU) August Traffic Rises, Load Factor Falls
    Zacks

    JetBlue's (JBLU) August Traffic Rises, Load Factor Falls

    With capacity expansion outpacing traffic growth, JetBlue's (JBLU) load factor declines in August.

  • 5 Industrial Companies to Consider as Trade Talks Resume
    GuruFocus.com

    5 Industrial Companies to Consider as Trade Talks Resume

    Stocks are trading below Peter Lynch value Continue reading...

  • Embraer delivers new jet that Boeing may soon sell against Airbus
    Reuters

    Embraer delivers new jet that Boeing may soon sell against Airbus

    Embraer hopes to see more orders for its newest passenger plane by the end of the year, an executive said on Thursday, as Boeing readies to take over the Brazilian planemaker's commercial jets division in what could mark the next phase of its rivalry with Airbus . Manufacture of the E195-E2, as Embraer's plane is known, will soon be controlled by Boeing, which needs regulatory approval to close on the deal to buy 80% of Embraer's commercial jets division for $4.2 billion. Embraer on Thursday delivered its first E195-E2 plane, which will seat about 140, to Brazil's No. 3 airline Azul at its headquarters in Sao Paulo state.

  • MarketWatch

    JetBlue's August load factor falls, as capacity growth outpaces rise in traffic

    JetBlue Airways Corp. reported a near two percentage point drop drop in August load factor, as growth in supply of seats outpaced the increase in demand. The air carrier said load factor was 86.9% last month, down from 88.7% a year ago. Capacity rose 6.1% to 5.64 billion available seat miles, while traffic increased 3.9% to 4.91 billion revenue passenger miles. Year to date, load factor has declined to 85.2% from 86.3%. The company affirmed its third-quarter guidance for revenue per available set mile (RASM) of -2.0% and flat. The stock, which was still inactive in premarket trading, has lost 10.0% over the past three months while the NYSE Arca Airline Index has slipped 2.1% and the S&P 500 has gained 4.2%.

  • Business Wire

    JetBlue Airways Reports August Traffic

    JetBlue Airways Corporation reported its preliminary traffic results for August 2019. Traffic in August increased 3.9 percent from August 2018, on a capacity increase of 6.1 percent.

  • JetBlue Foundation Focuses on Mentorship, Diversity and STEM and Technical Education Training with its Latest Round of Grants
    Business Wire

    JetBlue Foundation Focuses on Mentorship, Diversity and STEM and Technical Education Training with its Latest Round of Grants

    JetBlue (JBLU) today announced the newest round of grants from the JetBlue Foundation, the first airline foundation focused solely on supporting aviation and STEM education. This year, the JetBlue Foundation is fueling 13 programs with nearly $250,000 in grants to benefit their science, technology, engineering and mathematics (STEM) and aviation initiatives.

  • Don’t Try to Catch Okta Stock’s Falling Knives
    InvestorPlace

    Don’t Try to Catch Okta Stock’s Falling Knives

    Undoubtedly, cloud services companies like Okta (NASDAQ:OKTA) offer the most relevant products and platforms. With more organizations taking advantage of the connectivity and cost efficiencies that cloud functions provide, OKTA stock has witnessed a surge in buying interest.Source: Sundry Photography / Shutterstock.com That said, the industry is still relatively in its infancy. While early leaders like Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) have emerged to take the lead, there's no guarantee that they'll keep it. Technology is always in flux, and demand -- or lack thereof -- can change on a dime.Previously, this circumstance has benefited Okta stock. But recently, Wall Street has apparently take a dim view on the cloud and various tech names. On Monday, OKTA stock dropped nearly 10%. That made it one of the worst performers of the day.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Happened to OKTA Stock?Naturally, whenever we see a massive hemorrhaging in the markets, we want (or demand) an explanation. In most cases, the answer is apparent: A company flubbed an earnings report or the industry faces a decimation in revenue-making opportunities. * 7 Stocks to Buy In a Flat Market But with Okta stock, none of these things apply. For one thing, shares have absolutely skyrocketed this year. Even with Monday's market erosion, OKTA is up almost 73%. That, my friends, is what we call resiliency.It also points to the fact that, up until at least recently, investors believed in the narrative for OKTA stock. A quick rundown of their client list reads like a "who's who" of major industry players. For example, we're talking about names like JetBlue Airways (NASDAQ:JBLU), Adobe (NASDAQ:ADBE), and Western Union (NYSE:WU).Fundamentally Okta stock is on the up and up. About two weeks ago, OKTA released its earnings report for the second quarter of fiscal 2020. As a bull, the company provided exactly what you could hope to expect. On the profitability front, the company narrowed an expected loss of 10 cents per share to a loss of 5 cents. On the top line, OKTA rang up $140.5 million, easily surpassing the consensus estimate of $131 million.Yet OKTA stock dropped on the financial disclosure, puzzling many onlookers. Curiously, shares never really recovered. For those hoping that Monday would provide a fresh spark, they were obviously badly disappointed.Worst of all, no one knows why. However, peer-to-peer comparisons offer some clues. For example, several rivals, including Twilio (NYSE:TWLO) incurred double-digit losses on Monday. Although it's speculation, investors may be rotating out of tech plays and into what are perceived as safer opportunities. Portfolio Shifting May Have Hurt OKTA StockIn the absence of a better explanation, investors probably shifted their exposure to safer bets. This in turn created, and then later amplified, volatility in OKTA stock.First, while the cloud services company's bulls have lauded its growth trajectory, I must bring up the counterargument: The robustness of that growth has declined significantly in magnitude.For example, back in Q1 of calendar 2017, OKTA generated $49.3 million, which was good for an 82% lift from the year-ago quarter. In the most recent earnings report, the year-over-year lift was comparatively small at 48.5%. With the exception of a few quarters, the sales growth rate has consistently declined between Q1 2017 to Q2 2019.Ordinarily, that shouldn't cause panic. Because of the law of small numbers, it is increasingly difficult to sustain outrageously high growth rates as the nominal revenues get bigger. However, OKTA's quarterly revenue is now $140 million, which isn't that big compared to its market capitalization of $13 billion. Thus, investors might be freaked out about the rich premium on Okta stock.A second point to consider is which names jumped on Monday. I can't help but notice that energy-related names, like Helmerich and Payne (NYSE:HP) and National Oilwell Varco (NYSE:NOV) outperformed. Perhaps with the noise President Donald Trump's administration has been making geopolitically, investors see value in recently undervalued companies. How to Approach OKTAOverall, I have reservations about engaging a technically overheated play like OKTA stock. Even with Monday's decline, I still have these reservations.Irrespective of your opinion about Okta stock, we must respect that the markets severely penalized it. With the volatility, shares are now sandwiched in between the 50-day moving average and the 200-day moving average. It's currently straddling an area of weak support, suggesting further volatility.For conservative investors, I'd stay away for now. If on the other hand you're bullish on OKTA, you might enjoy this discount. Still, my bet is that a deeper discount lies ahead for those who wait.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post Dona€™t Try to Catch Okta Stock's Falling Knives appeared first on InvestorPlace.

  • From Austin to San Diego to Cancun: Seasonal changes shake up routes at RDU
    American City Business Journals

    From Austin to San Diego to Cancun: Seasonal changes shake up routes at RDU

    With colder months approaching, there’s a route shakeup coming to Raleigh-Durham International Airport as airlines execute seasonal adjustments to their schedules – impacting services to places such as Austin, San Diego and Cancun.

  • Airline Stock Roundup: SAVE, JBLU's Bearish Q3 Views, DAL's Traffic Report & More
    Zacks

    Airline Stock Roundup: SAVE, JBLU's Bearish Q3 Views, DAL's Traffic Report & More

    With Hurricane Dorian disrupting operations, low-cost carriers Spirit Airlines (SAVE) and JetBlue (JBLU) cut unit revenue projections for the third quarter of 2019.

  • Business Wire

    JetBlue Greets Guyana with Latest Route Made Possible by Extended Range and Fuel Efficiency of the Airbus A321neo

    JetBlue (JBLU) today announced it is again expanding its large Latin America and Caribbean network with new nonstop service between New York’s John F. Kennedy International Airport (JFK) and Georgetown, Guyana’s Cheddi Jagan International Airport (GEO) (a). Flights will operate daily on JetBlue’s new A321neo aircraft beginning April 2, 2020 with seats available for purchase in the U.S. starting today.

  • Low-cost international flights are doomed: analyst
    Yahoo Finance

    Low-cost international flights are doomed: analyst

    The ultra-cheap trans-Atlantic flights between Europe and the U.S. won't last forever, says one analyst.

  • Moody's

    Massachusetts Port Authority -- Moody's assigns A1 to BOSFUEL Project's (MA) Special Facilities Revenue Bonds, Series 2019A (AMT) and 2019B (Taxable); outlook is stable

    Moody's Investors Service ("Moody's") has assigned an A1 to the BOSFUEL Project's $129.8 million Special Facilities Revenue Bonds (BOSFUEL Project), Series 2019A (AMT) and $6.8 million Special Facilities Revenue Bonds (BOSFUEL Project), Series 2019B (Taxable), issued by the Massachusetts Port Authority ("Massport") on behalf of BOSFUEL. The A1 rating is driven by the strength of the cost recovery framework supporting the bonds.

  • Are Investors Undervaluing JetBlue Airways (JBLU) Right Now?
    Zacks

    Are Investors Undervaluing JetBlue Airways (JBLU) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • MarketWatch

    JetBlue sets $125 million accelerated stock buyback agreement

    Shares of JetBlue Airways Corp. were indicated up over 1% in premarket trading Monday, after the air carrier disclosed of a $125 million accelerated share repurchase (ASR) agreement with Barclays Bank. The repurchases if part of a $750 million stock buyback program announced in December 2017, which had $125 million remaining as of Sept. 6. Based on Friday's stock closing price of $16.67, the ASR would represent about 7.5 million shares, or about 2.5% of the 296.3 million shares outstanding as of June 30. JetBlue's stock has lost 8.9% over the past three months, while the NYSE Arca Airline Index has declined 5.8% and the S&P 500 has gained 3.7%.

  • Spirit Affected by Hurricane Dorian Slashes Q3 TRASM View
    Zacks

    Spirit Affected by Hurricane Dorian Slashes Q3 TRASM View

    Numerous flight cancellations and high costs from the reduced capacity and the effects of Hurricane Dorian weigh on Spirit (SAVE).

  • 2 Stocks You Definitely Should Consider Shorting This Week
    TheStreet.com

    2 Stocks You Definitely Should Consider Shorting This Week

    Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. H&R Block Inc. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.

  • JetBlue Airways Slashes Q3 Guidance as Demand Misses Expectations
    Motley Fool

    JetBlue Airways Slashes Q3 Guidance as Demand Misses Expectations

    The popular low-fare carrier continues to face a variety of unit revenue headwinds across its route network.

  • US trade war against China is making CEOs nervous: BNP Paribas US CEO
    Yahoo Finance

    US trade war against China is making CEOs nervous: BNP Paribas US CEO

    The U.S. trade war with China is increasingly weighing on the confidence of big companies, says BNP Paribas U.S. CEO Jean-Yves Fillion.

  • Why JetBlue Is Happy to See the Summer End
    Skift

    Why JetBlue Is Happy to See the Summer End

    JetBlue was in a good place going into the key summer season but a series of setbacks have taken some of the shine off its performance. The airline on Wednesday lowered revenue guidance for the third quarter of its 2019 financial year. "We had a lot of momentum going into the summer and we continue […]

  • Company News for Sep 5, 2019
    Zacks

    Company News for Sep 5, 2019

    Companies In The News Are: JBLU, MIK, SBUX, COUP

  • JetBlue Shares Decline More Than 4% on Q3 RASM View Cut
    Zacks

    JetBlue Shares Decline More Than 4% on Q3 RASM View Cut

    JetBlue (JBLU) grapples with soft bookings to Puerto Rico, negative impact from Hurricane Dorian and challenges in Punta Cana.

  • Hurricane Dorian Targets Georgia, Possible Landfall in Carolinas
    Bloomberg

    Hurricane Dorian Targets Georgia, Possible Landfall in Carolinas

    (Bloomberg) -- Hurricane Dorian, working its way up the U.S. East Coast, is nearing Georgia and the Carolinas after sweeping past Florida with nowhere near the force it brought to bear killing at least 20 people in the Bahamas.Dorian brought life-threatening storm surges as it reached about 105 miles (170 kilometers) south-southeast of Charleston, South Carolina, the National Hurricane Center said in an 2 a.m. New York time advisory. The storm’s sustained winds strengthened to 115 miles per hour, regaining Category 3 status.The hurricane’s first landfall in the U.S. could come near Wilmington, North Carolina, or further up the coast on the Outer Banks, said Thomas Downs, a meteorologist with WeatherBell Analytics in New York. There’s a chance Dorian could strengthen, he said.“Right now the system is starting to tighten up,” Downs said. The storm was moving northward at about 7 mph, according to the advisory, with the center of Dorian expected to approach the South Carolina coast on Thursday morning.Meanwhile, the Bahamas is starting to assess the damage from the strongest storm to hit the island nation in modern history, with Prime Minister Hubert Minnis confirming in a press conference at least 20 people have died on Abaco Island, with that number expected to increase, according to the Bahamas Press.President Donald Trump has declared a state of emergency in North Carolina, clearing the way for U.S. disaster relief. With the storm widening out, “coastal areas of Georgia, South Carolina and North Carolina will likely receive stronger winds than Florida,” Todd Crawford, chief meteorologist at the Weather Co., an IBM business, said in an email.South Carolina, he said, “may receive a foot of rain.”The hurricane couldn’t be arriving at a worse time for farmers in the region raising cotton, tobacco, hemp and corn. Fields were maturing and high winds could deal a potentially devastating blow before farmers have a chance to harvest.In the Bahamas, meanwhile, waters were receding on Thursday from a storm surge that reached 23 feet at times during the two days Dorian sat over the archipelago. Minnis said he expects the death toll to rise, noting in a news conference that parts of Abaco -- the area first hit by the storm -- have been “decimated” with “severe damage to homes, businesses and other buildings and infrastructure.”Minnis said in a tweet that he spoke with Trump and Canada Prime Minister Justin Trudeau, who both pledged assistance to Grand Bahama and Abaco. The damage wrought upon the islands is likely to run into “hundreds of millions if not billions,” the Nassau Guardian newspaper cited Deputy Prime Minister Peter Turnquest as saying. Large tracts of homes are under water, and the government intends to make formal appeals for assistance, he said. Outbreaks of looting are adding to the country’s misery.As Dorian lumbered north, power companies in the Southeast scrambled to prepare.Duke Energy Corp, which owns several utilities in the region, released out-of-state workers it had dispatched to Florida in advance of the storm and instead readied crews in the Carolinas. Santee Cooper, which supplies power to 2 million people in South Carolina, has a crew of more than 800 standing by for recovery efforts. The company estimates as many as 700,000 could lose power from the storm.Cities further up the coast were preparing. Sandbags have been distributed in Charleston and the city encouraged some residents to park their vehicles on higher ground. The city council also approved an emergency order to enact a curfew, should one be necessary, according to a tweet. Local and state governments in Florida, Georgia and the Carolinas have ordered coastline residents and businesses to begin evacuations.“Please listen to and follow all evacuation orders,” North Carolina Governor Roy Cooper said in a statement announcing a mandatory evacuation order for the state’s tourist-friendly coast. “We have seen the life and death effects of this storm in the Bahamas, and we urge everyone on the islands at the coast to leave.”Looking forward, the storm will sweep by Cape Cod in Massachusetts over the weekend, where it could bring tropical storm conditions, the National Weather Service said.To map assets in Hurricane Dorian’s path, click here.(Updates storm’s intensity and location.)\--With assistance from Sharon Cho, David R. Baker, Will Wade, Todd Shields, Josh Wingrove, Alyza Sebenius, Michael Riley, Bill Lehane, Sheela Tobben, Jonathan Levin, Andrew Janes, Kim Chipman, Christopher Martin, Matthew Bristow, Serene Cheong and Dan Murtaugh.To contact the reporter on this story: Brian K. Sullivan in Boston at bsullivan10@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Aaron Clark, Ramsey Al-RikabiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.