JetBlue Airways Corporation (NASDAQ: JBLU), stylized as jetBlue, is an American low-cost airline and the 5th largest airline in the United States. The company is headquartered in the Long Island City neighborhood of the New York City borough of Queens, with its main base at John F. Kennedy International Airport. It also maintains a corporate office in Cottonwood Heights, Utah. The airline mainly serves destinations in the United States, along with flights to the The Bahamas, Bermuda, Barbados, Colombia, Costa Rica, theDominican Republic, Grenada, Jamaica, Mexico, Peru, Puerto Rico, Trinidad and Tobago, and many more. As of March 2016 JetBlue serves 97 destinations in the U.S., Mexico, the Caribbean, Central and South America. As of 2016, the airline is one of two in the United States with a four-star rating from Skytrax, along with competing low-cost airline Virgin America.
Reported before open today (4/26/16) Earnings: EPS $0.59 Revenue $1,616M Estimates: EPS $0.53 Revenue $1,622M
Reported before open today (7/26/16) Earnings: EPS $0.53 Revenue $1.6B Estimates: EPS $0.49 Revenue $1.65B Up 8.04% today
Up slightly in pre-market JetBlue Airways Corporation (JBLU) reported its preliminary traffic results for September 2016. Traffic in September increased 10.8 percent from September 2015, on a capacity increase of 7.9 percent. Load factor for September 2016 was 83.2 percent, an increase of 2.1 points from September 2015. JetBlue’s preliminary completion factor was 99.5 percent and its on-time (1) performance was 78.7 percent. JetBlue’s preliminary revenue per available seat mile (RASM) for the month of September decreased approximately two percent year over year. For the third quarter of 2016, RASM is expected to decrease between three and four percent year over year, in line with prior expectations. http://finance.yahoo.com/news/jetblue-airways-reports-september-traffic-120000159.html
JetBlue misses 3Q profit forecasts NEW YORK (AP) -- JetBlue Airways Corp. (JBLU) on Tuesday reported third-quarter net income of $199 million. The New York-based company said it had net income of 58 cents per share. The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. The airline posted revenue of $1.73 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.72 billion. JetBlue shares have dropped 17 percent since the beginning of the year. The stock has dropped 24 percent in the last 12 months.
DAL warning sends airlines lower WASHINGTON (AP) -- Shares in Delta and other airlines fell Monday after the company lowered its guidance for its operating margin in the current quarter as it continues to face cost headwinds. Delta Air Lines Inc. CFO Paul Jacobson told an investor conference that the company is expecting a 10 to 11 percent operating margin, down from previous guidance of 11 to 13 percent, for the quarter ending this month. Jacobson said he thought those margin pressures would peak in the current. He noted a $20-per-barrel increase in fuel prices in the first quarter over the same period last year. As fuel prices stabilize and revenue improves, the airline expects to be able to expand its operating margin to its targeted 17 to 19 percent range in the second half of the year, he said. Shares in Delta fell 3 percent in afternoon trading. United Continental Holdings Inc., American Airlines Group Inc. and JetBlue Airways Corp., and Southwest Airlines were also trading lower. President Donald Trump also signed a reworked version of his controversial travel ban on Monday, though it's unclear whether that contributed to investors' pessimism in the sector.
JetBlue announced its plan to restructure operations and remove some positions through attrition, layoffs, and buyouts as part of a broad review aimed at lowering costs. The exact number of job eliminations targeted by the carrier isn't known yet.
+3% pre market JetBlue (JBLU) shares rose after CNBC reported the airline may announce as early as today that it will begin transatlantic service. It called an “all hands” meeting with staff at JFK Airport in New York as well as viewing parties at some of its main hubs, according to a company invitation.
JetBlue (JBLU) Fading Airline Blues Tue, Feb 4, 2020 Earlier today, we updated our weekly Stock Scores with major US airliner JetBlue (JBLU) taking the number one spot. Our Stock Scores ranks every company in the S&P 1500 based on a fusion approach, combining proprietary ratings across fundamental, technical, and sentiment analysis. JBLU is one of the smaller US airlines with a total market cap of $5.2 bn compared to competitors like Delta (DAL), Southwest (LUV), United (UAL), and American Airlines (AAL), which all have market caps between $10 bn and $32.8 bn. While earnings for this industry have not necessarily been weak, those companies exposed to the ongoing Boeing 737 MAX saga have continued to report headwinds, and shutdowns on account of the coronavirus have added more uncertainty to the overall outlook of the industry. But for JBLU, the picture is a bit rosier. Unlike some of its larger competitors, JBLU does not fly the 737 MAX, and its flights to Asia are limited when compared to other airlines as it focuses on the domestic, Caribbean, and Latin American markets. This contributed to a solid quarter recently as the company exceeded EPS estimates and reported stronger than expected revenues which were up 3.2% YoY. Headed into its most recent earnings report on January 23rd, JBLU reached the upper end of the past two year's range as shown in the chart below. The 6.41% rally on earnings lifted the stock back above the $20 resistance level which it has since come back and successfully retested. Meanwhile, the charts of other airline stocks are not looking as strong with many having broken down or sitting in short term downtrends. Members can view the charts of all of these airline stocks using this custom portfolio we created. Again, JBLU's breakout has been more of an exception rather than the rule for the industry. The chart below of the U.S. Global Jets ETF (JETS), which tracks the global airline industry including operators and manufacturers, shows exactly this. Like JBLU, in the first weeks of this year, the ETF had been testing the past year's highs, but once coronavirus fears began to ramp up (namely as Delta, American Airlines, and United Airlines began to suspend service to China), JETS turned sharply lower and has fallen out of the past few months' range. After these declines, the average airline stock in the S&P 1500 now has the lowest P/E ratio of all GICS Level 3 Industries. Given this, JETS has one of the cheaper valuations of the ETF universe. The fund's P/E ratio is now only 8.76 which is also especially cheap when compared to a 23.12 P/E for the broader Industrial Sector ETF (XLI). Overall, although the 737 MAX and more recent coronavirus headwinds have not gone away, the airline industry is now looking relatively cheap to the rest of the market and JBLU appears to be the best of breed of these stocks.
JetBlue looks to be one of the top stocks in the airline space right now, not only are they a domestic company without exposure to China, but they also fly air buses, so no exposure to Boeing.
Good news looks good next few days and months. When I get some buying power I will buy it. JetBlue Airways (NASDAQ:JBLU), an airline company, soared in pre-market trading after it announced a financial update for its expected Q4 and FY23 results. The company stated that travel demand remained “healthy.” Indeed, since “late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods.”
BOSTON (AP) — A lawyer for JetBlue Airways said Tuesday that the biggest U.S. airlines are using their size to cement their dominance in a post-pandemic world, making it critical that a federal judge allow JetBlue to buy Spirit Airlines.
Bought JBLU JetBlue should go up next month. This buyout with Spirit will happen. Says great earnings coming soon.
Update on merger: The judge raised the possibility of allowing the merger to proceed with certain conditions, particularly if JetBlue were to divest more assets, reported Reuters. Judge Young emphasized his concerns about potential fare increases in the absence of ultra-low-cost carrier Spirit Airlines, known for undercutting competitors and driving down prices. The trial, which began on October 31, saw both sides presenting their closing arguments. While JetBlue has already agreed to sell gates and slots at major airports to address regulatory concerns, Judge Young hinted at the need for additional divestitures. He acknowledged that he had encountered cases where a court found divestitures close but insufficient, suggesting that the deal might gain approval with further asset divestment.
