|Bid||19.10 x 21500|
|Ask||19.21 x 1200|
|Day's Range||19.07 - 19.34|
|52 Week Range||15.60 - 19.93|
|Beta (5Y Monthly)||0.78|
|PE Ratio (TTM)||10.11|
|Earnings Date||Jan 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.87|
Yahoo Finance’s Adam Shapiro breaks down the top trending stories on On The Move.
JetBlue today announced a series of schedule and route changes as the airline kicks off 2020.
JetBlue (JBLU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- Toyota Motor Corp. is making a $394 million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets.Toyota is the lead investor in Joby’s $590 million Series C funding, alongside Baillie Gifford and Global Oryx and prior backers Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, SPARX Group and its own investment arm, Toyota AI Ventures. The deal, for now, makes the Santa Cruz, California-based Joby the best-funded “eVTOL” (electric vertical take-off and landing) startup in a booming category that must overcome significant regulatory hurdles and concerns about passenger safety and noise, bringing the total money it has raised to $720 million.“Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky,” said Toyota President and Chief Executive Officer Akio Toyoda. “As we take up the challenge of air transportation together with Joby, an innovator in the emerging eVTOL space, we tap the potential to revolutionize future transportation and life.”Over the past year, the 82-year Japanese automaker has deepened its interests in futuristic transportation technologies. Last year it backed Recogni Inc., a Silicon Valley maker of autonomous vehicle systems, and May Mobility, an Ann Arbor, Michigan-based operator of self-driving shuttle buses. At CES earlier this month, Toyota announced its intention to build a 175-acre community, or “Woven City”, at the base of Mount Fuji to serve as a showcase for self-driving cars and other innovations in transportation.Joby is an emerging player in a field of air-taxi companies that includes Airbus SE; South Korean automaker Hyundai, which recently announced plans to design and produce an air taxi with Uber Technologies Inc.; and Kitty Hawk, the brainchild of Alphabet co-founder Larry Page, which is developing an air taxi in conjunction with Boeing Co. Volocopter, a startup in Germany, is backed by Zhejiang Geely Holding Group Co., the biggest investor in Mercedes-Benz maker Daimler AG and owner of Swedish manufacturer Volvo and British automaker Lotus.In addition to announcing the funding, Joby released an image of its prototype aircraft. The vehicle, which looks like an oversized toy drone, sports six electric propellers and is capable of flying 150 miles on a single charge, at speeds of up to 200 miles per hour, the company said. It’s designed to carry four passengers and a pilot, an approach that differs from that of rivals such as Kitty Hawk, whose two-seat “Cora” vehicle is intended to fly autonomously, without an onboard pilot.Joby says it will manufacture prototypes at a facility in Marina, California, near Monterey, but plans to tap Toyota’s famous manufacturing prowess to build “highly reliable complex hardware at increased scale,” said Paul Sciarra, Joby’s executive chairman and a co-founder of Pinterest.In December, Joby and Uber announced a separate partnership to jointly introduce Joby air taxis in at least two cities, with customers booking and paying for flights via the Uber app.The most pressing challenge for Joby, which now has around 400 employees, is obtaining certification from the Federal Aviation Authority and other regulatory agencies around the world. Joby says this is a three- to five-year process that it formally began in 2018.Over the past few years, both the FAA and the European Union Aviation Safety Agency (EASA) have moved to support commercial development of air taxis and released special guidelines to regulate small aircraft, with rules that differ from those governing conventional helicopters and fixed-wing airplanes. Much work remains, said Robin Lineberger, head of the Aerospace & Defense practice at Deloitte, including creating a system to manage municipal airspace in both normal and poor weather conditions and building physical infrastructure such as mini-airports that can support frequent takeoffs, landings and aircraft recharging.“The 2023 to 2025 time frame is fairly straightforward” for small demonstrations, Lineberger said. But he looks to 2035 “as a practical date for having a ubiquitous operational fleet in the thousands—not the hundreds—with a well-established framework for regulatory approval.”Sciarra and Joeben Bevirt, Joby’s founder and CEO, say they’ve spent significant time with Toyoda in Toyota City, Japan, as well as with other Toyota executives at Joby’s headquarters on a windy, 500-acre ranch in the hills north of Santa Cruz. They would not say whether they offered them a ride on the prototype aircraft, but Bevirt said: “They’re a loyal and tenacious company and this has been a dream of the Toyoda family for a very long time.”To contact the author of this story: Brad Stone in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Dimitra Kessenides at email@example.comFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
For aviation, where only jet fuel can power such hulking machinery through the air, this is a harder challenge than for most. Unlike shipping, which has slashed its carbon output by opting for cleaner fuels and more efficient technology, aviation is stuck. Renewable fuel is mostly too expensive or inefficient to be a realistic solution, while battery-powered planes that can carry more than about six people are still a long way off.
Orlando's top 10 revenue-generating flights provide a combined $1.5 billion-plus in revenue for Orlando International Airport between October 2018 and September 2019, according to OAG data. The top airlines for those 10 flights were almost evenly split between five carriers, with Delta Air Lines (NYSE: DAL) taking the top spot with three of the flights.
That includes five non-stop flights a day to the state's college- and biotech-heavy Research Triangle.
The increase in December load factor, at the likes of Alaska Air Group (ALK) and JetBlue (JBLU), highlights the stellar air-travel demand.
JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for December 2019. Traffic in December 2019 increased 5.7 percent from December 2018, on a capacity increase of 4.4 percent. Load factor for December 2019 was 82.4 percent, an increase of 1.0 points from December 2018. JetBlue’s preliminary completion factor for December 2019 was 99.3 percent and its on-time (1) performance was 66.7 percent.
(Bloomberg Opinion) -- The start of a new year brings with it a raft of data on the world’s energy systems. So far, electricity sector figures show a transition well underway — some sources increasing, others collapsing. Each market is different, but the trends in markets as diverse as the U.K., Spain, Australia and Texas all show profound changes in what is a very short period of time.Coal has nearly vanished in the U.K.: Figures from National Grid Plc show that coal-fired power made up just 2.1% of the power mix last year — down from 75% in 1990. Coal was the single-biggest generation type just six years ago; now, it is smaller than what analysis group Carbon Brief classifies as “other.” Gas is now by far the largest source of power generation in the U.K., followed by wind power, which surpassed nuclear last year.Coal collapsed in Spain, too: Coal-fired electricity in Spain dropped to its lowest levels since the country’s grid operator began keeping records in 1990. At less than 5% of total generation in 2019, Spain’s coal sector isn’t quite as shrunken as it is in the U.K., but it’s also 85.6% less than it was in 2002, when coal was at its peak, according to an El País analysis of the grid operator’s data. BloombergNEF analysis from October anticipated this change; as analysts said, Spanish coal hit an economic wall and utilities are now phasing out coal at a far faster rate than climate and energy policies dictate.U.S. coal power is now back to 1970s levels: According to Rhodium Group analysis, the U.S. power sector’s coal consumption fell 18% in 2019, bringing it back to the same level as in 1975. The resulting drop in power sector emissions was good enough for a 2% drop in economy-wide emissions, even with emissions from transportation, industry and agriculture all increasing.Wind almost — but not quite — blows away coal in Texas: As my colleagues pointed out in research earlier this week, Texas wind power came within a few gigawatt-hours of exceeding the Lone Star State’s coal-fired power generation last year. It’s worth seeing Texas’s wind, coal and gas-fired power charted together. Wind is structural, with steady growth since 2011; coal is cyclical, and it is essentially the inverse of gas-fired power at any given moment. The state is expected to add another 11 gigawatts of wind capacity by 2025.Solar crosses gas in Australia: Wind also surpassed coal in Australia last year — well, one kind of coal, at least. Wind generation exceeded brown coal generation in 2019. Brown coal, also called lignite, is not the main coal fuel in the country, however. Wind remains quite a ways behind black-coal-fired power generation.Perhaps more significant is another crossover point: Customer-owned rooftop solar now generates more power in Australia than all the country’s natural-gas-fired plants. Rooftop solar generation is also quite close to equaling wind generation as well. The next month will bring more global energy data, and more significant market activity, with BlackRock Inc. joining Climate Action 100+, the $41 trillion investor climate campaign. More market transitions are coming, from electrons and molecules to the capital that enables both.Weekend readingGreen bonds and loans totaled $465 billion in 2019, up 78% from 2018. 2019 was the warmest and driest year on record in Australia. 2019 was the second-wettest year on record in the U.S., and the hottest year ever recorded in Alaska, which was 6.2 degrees warmer than the long-term average. IKEA of Sweden AB plans to be “climate positive” by the year 2030. JetBlue Airways Corp. aims to become carbon neutral by July. Turbine maker Vestas Wind Systems A/S aims to become carbon neutral “no later than 2030.” Oil producer Equinor ASA aims to cut its emissions to “near zero by 2050.” Philanthropy must stop fiddling while the world burns. Tech has reached the end of the beginning. Lab-grown food will soon destroy farming — and save the planet. A look back, from 2030, at why the 2020s were California’s golden decade. In 2030 we ended the climate emergency. Here’s how.Get Sparklines delivered to your inbox. Sign up here.(Corrects second chart to reflect accurate measurement of wind capacity.)To contact the author of this story: Nathaniel Bullard at firstname.lastname@example.orgTo contact the editor responsible for this story: Brooke Sample at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nathaniel Bullard is a BloombergNEF energy analyst, covering technology and business model innovation and system-wide resource transitions.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Delta Air Lines CEO Ed Bastian’s address at the Consumer Electronics Show was all about his plans for high-tech innovation. Lots of other companies could gain if Delta succeeds.
JetBlue Airways Corporation (Nasdaq: JBLU) announced today that it will hold its quarterly conference call to discuss fourth quarter 2019 financial results on January 23rd, 2020 at 10:00 a.m. ET.
Delta CEO Ed Bastian says Boeing needs to get the 737 Max back in the air even though Delta doesn't fly the plane because industry needs Boeing to work on future technology and innovation.
The aviation industry has been trying to combat climate change by trying to cut its greenhouse gas emissions in half by 2050 compared with 2005 levels and sees the emergence of lower-carbon biofuels as a vital step towards meeting this goal. The industry's plan rests on a mix of alternative fuel, improved operations such as direct flight paths, new planes and other technologies. JetBlue in its attempt to reduce greenhouse gas emissions will favor renewable sources and will start using sustainable aviation fuel in mid-2020 on flights from San Francisco International Airport.
(Bloomberg) -- JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists.The carrier also will begin using sustainable aviation fuel on its flights from San Francisco International Airport, the New York-based airline said Monday.JetBlue declined to disclose the cost of the offset program but said it won’t increase airfares as a result. The airline produces about 8 million metric tons of carbon-dioxide emissions each year and is working on a plan to compensate for international flights, said Sophia Mendelsohn, JetBlue’s head of sustainability.The carrier is following EasyJet Plc, Europe’s second-largest discounter, which in November announced it would become the first airline to offset carbon emissions from its flights. As concerns about the industry’s role in climate change have mounted, the number of people taking domestic flights has dropped in Germany and Sweden, where teenage activist Gareta Thunberg has spearheaded a campaign against air travel.JetBlue Chief Executive Officer Robin Hayes said his airline’s program isn’t a reaction to that growing criticism.“This is part of a long-term commitment we and the industry have to have to reflect the climate reality we are in,” he said in an interview. “Aviation has a central and important role to play, and has to make sure it’s preparing for the new climate we are operating in.”JetBlue fell less than 1% to $18.48 at the close in New York. The shares advanced 17% last year, while a Standard & Poor’s index of the five largest U.S. carriers climbed 10%.Protecting TreesJetBlue will earn carbon credits by investing in projects that protect forests from destruction; develop solar and wind farms instead of coal, diesel or furnace oil to generate power; and capture landfill production of methane, which can be converted into a renewable energy source.The airline said its investment is a cost of doing business, though notes that the expense of carbon offsets is likely to rise with demand. “By purchasing these now, we’re ostensibly locking in a hedge against rising CO2 prices,” said Mendelsohn, the sustainability chief. Other U.S. carriers purchase offsets on a more limited basis.JetBlue is working with sustainability consultants EcoAct and South Pole, as well as Carbonfund.org Foundation, a nonprofit organization that’s funded carbon-reduction and tree-planting projects across more than 40 states and 20 countries.Ensuring Legitimacy“We have put an incredible amount of rigor behind making sure these are real, they’re legitimate, they’re auditable, they’re traceable,” Mendelsohn said. “We selected a carbon offset partner with a long-term reputation that’s survived the squalls of carbon offsetting ups and downs.”While environmental advocates have praised corporate steps to reduce climate impact, they’ve also questioned whether buying offsets is enough and said that reducing emissions is more effective. If the airline industry were a country, it would rank among the top 10 emitters, according to the European Union.Projects such as capturing landfill gasses are considered a direct reduction of emissions, while preserving a forest is an offset because the trees that absorb carbon dioxide from the air already exist, said Bruno Sarda, president of CDP North America, a nonprofit that collects data from companies on climate change and environmental impacts. JetBlue, he said, has been at the forefront among airlines in addressing the issue.“We do expect airlines to continue ramping up their commitments,” Sarda said. “For sure the economics matter to them, but I think they realize the global constituency for climate change keeps rising, and people are looking at airlines as a luxury that may conflict with their desire to reduce climate impact.”JetBlue also will purchase renewable jet fuel from Finland’s Neste Oyj, mixing between 25% and 40% of the alternative with conventional fuel to power the airline’s 17 daily flights from San Francisco by midyear. The Neste MY fuel is produced from waste and residue raw materials and, according to the manufacturer, can reduce emissions by as much as 80% versus fossil-based jet fuel.The carrier has invested in emission mitigation projects since 2008, offsetting 2.6 billion pounds of CO2 emissions. It also has switched baggage tractors and belt loaders at New York’s John F. Kennedy International Airport to electric power, a change it plans to extend to 40% of its owned fleet by 2025.(Updating with environmentalist comment beginning in 13th paragraph. An earlier version of this article corrected the attribution for the ranking of top emitters.)To contact the reporter on this story: Mary Schlangenstein in Dallas at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Case at email@example.com, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
JetBlue Airways Corp. said Monday that it will offset carbon dioxide emissions from fuel used on domestic flights beginning July 2020. The company said it will continue to partner with the nonprofit Carbonfund.org, which JetBlue has worked with since 2008 to offset more than 2.6 billion points of carbon dioxide emissions. This new commitment will be an offset of an additional 15 billion to 17 billion pounds of emissions. JetBlue has also agreed to purchase sustainable aviation fuel from Neste, a producer of renewable diesel that's made from waste and residue raw materials, starting in 2020. In addition to other offset efforts, JetBlue has also purchased 85 new fuel-efficient Airbus planes and has modernized its air-traffic control. JetBlue stock is up 11.7% for the past year while the S&P 500 index has gained 28% for the period.
JetBlue (Nasdaq: JBLU) today announced that it will offset carbon dioxide emissions (CO2) from jet fuel for all domestic JetBlue flights beginning in July 2020, making it the first major U.S. airline to take this critical and measurable step toward reducing its contribution to global warming. JetBlue also announced plans to start flying with sustainable aviation fuel in mid-2020 on flights from San Francisco International Airport.
The Puget Sound region's two major airlines fared well in a new study and so did Seattle-Tacoma International Airport, which scored among the top five most on-time airports in the world, a new data analysis found.