JBLU - JetBlue Airways Corporation
After hours:
Chart Events
Double Moving Average Crossover
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 6.83 |
| Open | 6.94 |
| Bid | 7.14 x 21500 |
| Ask | 7.18 x 21500 |
| Day's Range | 6.90 - 7.23 |
| 52 Week Range | 6.18 - 10.75 |
| Volume | |
| Avg. Volume | 9,154,007 |
| Market Cap | 2.354B |
| Beta (5Y Monthly) | 1.58 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.91 |
| Earnings Date | Jul 31, 2023 - Aug 04, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 8.31 |
Fair Value
Related Research
- Reuters
RPT-FOCUS-American Airlines' reliance on partners faces test after court ruling
American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.
AP FinanceJetBlue strikes a deal to sell Spirit's LaGuardia operation if it succeeds in buying Spirit
JetBlue Airways said Thursday it has agreed to sell Spirit Airlines’ holdings at New York’s LaGuardia Airport to Frontier Airlines if it succeeds in buying Spirit. “We are committed to ensuring our combination with Spirit preserves ultra low-cost carrier access in New York,” JetBlue CEO Robin Hayes said. “We are pleased that this agreement with Frontier will maintain the same level of ultra low-cost carrier service at LaGuardia Airport.”
- Reuters
REFILE-JetBlue to spin-off Spirit Airlines' holdings at NY airport
JetBlue Airways Corp said on Thursday it would sell Spirit Airlines Inc's holdings at New York's LaGuardia Airport upon completion of their planned merger. Spirit's holdings, which JetBlue intends to sell to Frontier Group Holdings Inc, includes six gates at the Marine Air Terminal and 22 takeoff and landing slots. JetBlue said the agreement with Frontier would help maintain the same level of low-cost carrier service at LaGuardia Airport.
- Business Wire
JetBlue and Frontier Announce Divestiture Agreement in Connection with JetBlue’s Combination with Spirit
NEW YORK & DENVER, June 01, 2023--JetBlue Airways Corporation (NASDAQ: JBLU) and Frontier Group Holdings, Inc. (NASDAQ: ULCC) today announced that the airlines have entered into a definitive agreement under which JetBlue will divest all of the holdings of Spirit Airlines, Inc. (NYSE: SAVE) at New York’s LaGuardia Airport to Frontier in connection with JetBlue’s planned merger with Spirit. These divestitures are part of JetBlue’s upfront commitments included in the merger agreement with Spirit an
ReutersAmerican Airlines' reliance on partners faces test after court ruling
CHICAGO (Reuters) -American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.
- Reuters
FOCUS-American Airlines' reliance on partners faces test after court ruling
American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.
TheStreet.comAmerican Airlines Pushes Back On Antitrust Ruling
For the past three years, American Airlines and JetBlue have had an agreement unofficially called the Northeast Alliance. Per the agreement, the two airlines coordinated schedules, shared revenue on flights from LaGuardia, JFK, Newark and Boston airports, and also sell seats on each other's planes. The two airlines also said it allowed them to stay competitive in the Northeast area with larger airlines such as Delta and United Airlines.
Barrons.comAmerican Airlines to Appeal JetBlue Alliance Ruling. It Plays Down Earnings Impact.
Chief Financial Officer Devon May said he doesn’t expect the Northeast Alliance ruling to have a material impact on earnings. The airline reiterated full-year guidance Wednesday.
- Reuters
UPDATE 2-American Airlines to appeal JetBlue alliance court ruling
American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.
ReutersAmerican Airlines to appeal JetBlue alliance court ruling
(Reuters) -American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.
Investopedia5 Airlines That Offer Refundable Plane Tickets
Many airlines offer refundable and non-refundable tickets. Here is some background on refundable and non-refundable flights, plus five U.S. airlines' refund policies.
AP FinanceAmerican Airlines says it will appeal a ruling that would break up a partnership with JetBlue
American Airlines said Wednesday it will appeal a court decision that would force the airline to break up its partnership with JetBlue Airways in the Northeast. American and JetBlue face a late-June deadline to end the agreement in which they coordinate flights and share revenue. The Justice Department sued to block the alliance, and a federal judge ruled last week that the partnership violates antitrust law.
Motley FoolThis Airline Just Got Magnificent News. Investors Didn't Notice.
The unwinding of JetBlue's alliance with American Airlines significantly increases the likelihood that JetBlue will be permitted to buy Spirit Airlines.
ZacksAirline Stock Roundup: RYAAY's Q4 Loss, AAL's Labor Deal & More
A federal judge orders American Airlines (AAL) and JetBlue (JBLU) to end their partnership. Delta (DAL) is set to have a new COO.
ReutersAmerican Airlines flags no earnings impact from NEA ruling
American Airlines and JetBlue announced the creation of the Northeast Alliance (NEA) in July 2020 to coordinate flights and pool revenue while competing against Delta Air Lines and United Airlines, that dominate the New York-area and Boston markets. Last week, a federal judge ruled for both carriers to end the alliance saying the partnership "substantially diminishes competition in the domestic market for air travel".
ZacksWhy Is JetBlue (JBLU) Down 1.7% Since Last Earnings Report?
JetBlue (JBLU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Wall Street JournalHow Airlines Are Trying to Prevent Another Summer Travel Nightmare
Airlines and government officials are attempting to prevent another summer of aggravation for fliers, starting with Memorial Day weekend. The coming days will be the next test of whether carriers have staffed up enough and planned adequately for the crowds the airlines and airports say they are anticipating. The Transportation Department has said it intends to propose rules requiring airlines to compensate passengers for significant delays and canceled flights.
Yahoo FinanceUnited CEO on debt ceiling, new $1 billion Denver investment
United Airlines CEO Scott Kirby is keeping one eye on the debt ceiling drama but also on how his airline invests its capital.
ZacksHere's Why Hold Strategy is Apt for JetBlue (JBLU) Right Now
JetBlue's (JBLU) management expects total revenues in the June quarter to increase 4.5-8.5% on a year-over-year basis.
Barrons.comDelta Is a Big Winner After American and JetBlue Partnership Blocked
The two carriers set up the alliance to better compete with Delta Air Lines and United Airlines in New York and Boston.
SkiftThe Undoing of American and JetBlue’s Northeast Alliance – in 11 Quotes
The 94-page ruling methodically knocks down the argument from American and JetBlue that their alliance boosts competition to benefit flyers.
TheStreet.comAmerican Airlines and JetBlue Passengers Get Surprising Good News
A new decision will force the two airlines to do something they don't want to do that's good for customers (though both argue otherwise).
The Wall Street JournalJudge Rejects Partnership Between American Airlines and JetBlue
A federal judge ruled in favor of the Justice Department’s effort to unwind a partnership between American Airlines and JetBlue, finding that their arrangement suppressed competition in key Northeast markets.
QuartzJetBlue and American Airlines were ordered by a judge to end their alliance in the Northeast US
A federal judge in Massachusetts struck down a partnership between JetBlue and American Airlines to coordinate routes and schedules in the Northeast US, which had effectively combined the Boston and New York operations of the two carriers. Citing antitrust grounds, the judge ruled that the deal was a “naked agreement not to compete.”
AP FinanceAmerican Airlines and JetBlue must abandon their partnership in the Northeast, federal judge rules
American Airlines and JetBlue Airways must abandon their partnership in the northeast United States, a federal judge in Boston ruled Friday, saying that the government proved the deal reduces competition in the airline industry. The ruling is a major victory for the Biden administration, which has used aggressive enforcement of antitrust laws to fight against mergers and other arrangements between large corporations. The Justice Department argued during a trial last fall that the deal would eventually cost consumers hundreds of millions of dollars a year.
