JetBlue Airways Corp. (NASDAQ:JBLU) reports financial results for the quarter ended June 30, 2016.
We analyze the earnings alongside the following peers of the company - United Continental Holdings, Inc. (NYSE:UAL), Delta Air Lines, Inc. (NYSE:DAL), Southwest Airlines Co. (NYSE:LUV), SkyWest, Inc. (NASDAQ:SKYW), Allegiant Travel Company (NASDAQ:ALGT), Alaska Air Group, Inc. (NYSE:ALK), Hawaiian Holdings, Inc. (NASDAQ:HA), Republic Airways Holdings, Inc. (OTCPK:RJETQ), American Airlines Group, Inc. (NASDAQ:AAL) and Spirit Airlines, Inc. (NASDAQ:SAVE) - that have also reported for this period.
- Summary numbers: Revenues of USD 1643 million, Net Earnings of USD 180 million.
- Gross margins narrowed from 23.76% to 23.43% compared to the same period last year, operating (EBITDA) margins now 24.89% from 24.44%.
- Earnings growth due to contribution of one-time items.
The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:
|Relevant Numbers (Quarterly)|
|Revenue Growth (%YOY)||7.97||10.33||10.24||6.11||1.92|
|Earnings Growth (%YOY)||-33.91||150.63||115.91||45.26||18.42|
|Net Margin (%)||9.43||11.74||11.92||12.31||10.96|
|Return on Equity (%)||22.1||27.26||24.41||24.03||20.4|
|Return on Assets (%)||7.32||9.37||8.81||8.98||7.78|
Market Share Versus Profits
JBLU's change in revenue this period compared to the same period last year of 1.92% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting the company is holding onto its market share. Also, for comparison purposes, revenues changed by 1.67% and earnings by -9.55% compared to the immediate last period.
JetBlue Airways Corp. provides air transportation services. It carries more than 30 million customers a year to 86 cities in the U.S., Caribbean, and Latin America, with an average of 850 daily flights. The company offers flights and tickets to more than 82 destinations, with accommodations such as free TV, free snacks, and most legroom. JetBlue Airways was founded by David Gary Neeleman in August 1998, and is headquartered in Long Island City, NY.
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