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Today, 7:12 AM
- JetBlue (NASDAQ:JBLU) reports revenue passenger miles rose 11.7% in January to 3.556B.
- Capacity was up 10.8% to 4.306B available seat miles.
- Average stage length was 0.5% longer at 1,103 miles.
- The airline's load factor during the month improved 70 bps to 82.6%. Revenue per available seat mile fell approximately 3.5% Y/Y.
- The company expects Q1 capacity to be up 13% to 15%, adjusted downward from prior guidance of 14% to 16% due to winter storms.
Yesterday, 10:22 AM
- Airline stocks are on a rush after getting caught up in the global market sell-off.
- There are plenty of traders and analysts banging the drum that the sector isn't getting the attention it deserves for sub-$30 crude oil prices.
- Leading gainers include Spirit Airlines (SAVE +7.1%), Alaska Air Group (ALK +4%), Hawaiian Holdings (HA +2.7%), Republic Airways (RJET +4.1%), and JetBlue (JBLU +3.3%).
Yesterday, 9:06 AM
- Shares of JetBlue (NASDAQ:JBLU) slide in early trading to their lowest level in over six months.
- The airline derives about 30% of its revenue from Mexico where Zika fears have increased over the last week.
- JBLU -3.83% premarket to $18.60.
Mon, Feb. 1, 1:43 PM
- Airline stocks with a high mix of domestic flights are standing out today.
- Spirit Airlines (SAVE +4.6%), JetBlue (JBLU +3.9%), Allegiant Travel (ALGT +3.8%), SkyWest (SKYW +3.3%), and Virgin America (VA +1.1%) are all higher.
- Crude oil is down 6% as unsettled trading continues around the commodity, but the larger story could be the confidence shown in the sector by investors just ahead of a slew of traffic reports and guidance updates from carriers.
- The U.S. Global Jets ETF (NYSEARCA:JETS) is up 1.1% on the day.
Thu, Jan. 28, 2:19 PM
- Higher oil prices and an increased level of concern over the Zika virus have hit airline stocks.
- In one of the more curious moves, JetBlue (JBLU -7.3%) is sharply lower despite doubling profit in Q4 and topping earnings estimates.
- Other notable decliners include Virgin America (VA -4.2%), American Airlines Group (AAL -4.2%), Spirit Airlines (SAVE -3.1%), and Delta Air Lines (DAL -3.4%).
- The U.S. Global Jets ETF is down 2.33%.
- Previously: WHO issues warning on Zika virus (Jan. 28)
- Previously: JetBlue Airways beats by $0.05, beats on revenue (Jan. 28)
Thu, Jan. 28, 7:35 AM
Wed, Jan. 27, 5:30 PM
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Sat, Jan. 23, 2:46 PM
- The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
- The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
- The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
- The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
- Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
- Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
- Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
Fri, Jan. 22, 5:03 AM
- A massive winter storm is barreling toward Washington D.C., with the system poised to drop near-record snowfall on the U.S. capital before walloping other cities with blizzard conditions.
- The National Weather Service described the storm as "potentially crippling" for a swath of the Northeast, with snowfall exceeding two feet in many metro areas.
- Airlines have canceled thousands of weekend flights, with many of the 2,200 cancellations set for Friday.
- Related tickers: AAL, DAL, JBLU, LUV, SAVE, UAL
Wed, Jan. 20, 10:32 AM
- Nervous trading surrounds airline stocks even with oil prices reaching new lows. There was also some data released today on fares.
- Airline fares fell 1.1% M/M in December as promotional activity increased in key markets, according to the Bureau of Labor Statistics.
- The average fare in December was 3.0% lower than the level from a year ago on an unadjusted basis.
- There's been reports from industry watchers that fares have moved lower in January as carriers scrap for market share.
- Early reports from Delta and Spirit on Q4 results were strong, but the sector is sharply lower on overriding macro concerns: Southwest Airlines (LUV -4.3%), United Continental (UAL -5.1%), Delta Air Lines (DAL -4.6%), American Airlines Group (AAL -4.7%), JetBlue (JBLU -2.5%), Alaska Air Group (ALK -2.9%), Hawaiian Holdings (HA -5.7%), Spirit Airlines (SAVE +1.9%), Allegiant Travel (ALGT -0.3%), Republic Airways (RJET -6.5%), Virgin America (VA -3.4%), SkyWest (SKYW -5.8%).
- Related ETF: JETS.
- BLS CPI data
Tue, Jan. 19, 12:47 PM
- JetBlue (JBLU -1.6%) and Hawaiian Airlines (HA -2.7%) expand their codesharing agreement for flights out of Hawaii into major U.S. airports on the mainland.
- The two carriers have been partnering for over four years.
- JetBlue averages about 900 flights a day, while Hawaiian Airlines is just over the 200 flights per day level.
Thu, Jan. 14, 2:58 PM| Thu, Jan. 14, 2:58 PM | 4 Comments
Wed, Jan. 13, 4:17 PM
- JetBlue (NASDAQ:JBLU) reports revenue passenger miles rose 11.3% to 3.799B in December.
- Capacity was 9.5% higher to 4.579B available seat miles.
- December load factor +140 bps to 83.0%
- 2015 load factor +70 bps to 84.7%.
- JetBlue's average stage length increased 0.6% to 1,116 miles during the month.
Dec. 31, 2015, 10:55 AM
- JetBlue (JBLU -1.6%) is the latest airline to feel some pricing pressure in key U.S. markets. SA contributor West Coast Growth Picks notes that JetBlue's lack of a hub on the West Coast is forcing it to become more aggressive with pricing.
- Earlier this month, the company issued guidance for passenger revenue per available seat mile of a 2% to 3% decline in Q4.
Dec. 28, 2015, 8:05 AM| Dec. 28, 2015, 8:05 AM | 9 Comments
Dec. 22, 2015, 9:19 AM
- Crumbling oil prices haven't helped the Dow Jones Transportation Average (NYSEARCA:IYT) - down 19% year-to-date vs. the DJIA's (NYSEARCA:DIA) 3% loss.
- Oppenheimer technician Ari Wald isn't seeing a bottom though. He expects the Transports to break below 7,400 support (last night's close was 7,415), and with it the DJIA to slip to the 16K area (last night's close 17,252).
- Transport buys: JBLU, MATX, ALK, LUV, DAL, UAL
- Transport sells: CHRW, LSTR, JBHT, KSU, NSC, CAR, KEX, CSX
JetBlue Airways Corp is passenger airline company. The Company provides passenger airline services in the United States. Its services include Partner airlines, Getaways, Corporate, Cargo, Travel agents, Special assistance and Travel Insurance.
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