|Bid||32.780 x 500|
|Ask||32.810 x 300|
|Day's Range||32.490 - 33.336|
|52 Week Range||30.320 - 60.400|
|PE Ratio (TTM)||9.50|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
According to the U.S. Department of Transportation’s Bureau of Transportation Statistics , there were 360.9 million domestic and 53.5 million international passengers during the first two quarters of the year. The increase was due to growth in international passenger travel outpacing growth in international capacity, offsetting a domestic capacity growth rate that slightly exceeded passenger travel growth. Earlier this month, the Dallas Business Journal reported that the storms caused shares for Dallas-based Southwest Airlines (LUV) and Fort Worth's American Airlines Group Inc. (AAL) to plunge at least 15 percent from their 2017 highs.
Capacity overexpansion is believed to be one of the reasons for the decline in air fares. Even though, the low ticket prices spell good news for fliers, the same is likely to hurt the top line of carriers in the long run.
JetBlue Airways began a two-day sale Monday offering one-way fares for as low as $59. The offer is good through mid-December (with exceptions) as the airline tries to fill more seats.