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Oct. 20, 2015, 11:08 AM
- Inquiring minds want to know if JetBlue (JBLU +0.6%) will use its A321 fleet to offer transatlantic flights as it pivots to compete with the major legacy carriers.
- The A321 has the chops to make the jump across the pond with its range listed at 3.2K nautical miles.
- The airline is believed by some analysts to already be considering a push into Latin America.
- Strong results in the U.S. have lifted shares of JetBlue to a +120% 52-week return.
Oct. 15, 2015, 7:21 PM
- Bombardier (OTCQX:BDRAF, OTCQX:BDRBF), struggling to find established airlines as buyers for its new CSeries airliner, is in talks about a possible order from JetBlue (NASDAQ:JBLU), Bloomberg reports.
- Signing up JBLU, whose fleet currently comrpises aircraft from Airbus (OTCPK:EADSF, OTCPK:EADSY) and Embraer (NYSE:ERJ), would let Bombardier make good on a pledge to add well-known carriers to a roster of CSeries buyers now dominated by lessors and small airlines.
- The CSeries has failed to win a firm sale since September 2014.
Oct. 15, 2015, 2:14 PM
- JetBlue (NASDAQ:JBLU) says it plans to complete spreading free high-speed Wi-Fi to every one of its flights by next fall.
- The airline already has its Fly-Fi service on its Airbus A320 and A321 aircraft, but will deploy the free service on the whole fleet in the coming year.
- The move aligns nicely with its partnership with Amazon.com to bring Amazon video onboard.
- The service uses Ka-band technology, offering speeds of up to 20 Mbps per device. JetBlue continues to offer live DirecTV programming for free as well.
Oct. 13, 2015, 11:00 AM
- JetBlue (NASDAQ:JBLU) is sharply lower after JPMorgan downgrades and amid a broad decline in airline stocks today.
- The investment firm doesn't see any new catalysts for JetBlue and thinks shares are "fairly valued" at current levels.
- JP shifts to a Neutral rating from Overweight and sets a price target of $27.
- JBLU -6.28% to $25.17.
Oct. 13, 2015, 9:16 AM
Oct. 12, 2015, 4:17 PM
- JetBlue (NASDAQ:JBLU) reports revenue passenger miles increased 13.3% to 3.097B in September.
- The carrier's capacity was up 13.1% to 3.821B available seat miles.
- Departures were 10% higher year-over-year, while the average flight length was 1.2% longer at 1,068 miles.
- September load factor +20 bps to 81.1%.
- YTD load factor +40 bps to 85.1%.
- JBLU closed up 2.91% today to $26.86 amid a broad rally in the airline sector.
Oct. 9, 2015, 10:29 AM
- Airline stocks are showing some strength in early trading as investors shrug off another uptick in oil prices.
- Solid traffic reports from United Continental and American Airlines Group are turning attention back to the robust profits being churned up in the sector.
- United raised its Q3 profit forecast, while American saw a big jump in its load factor for September in a positive sign and gave its own favorable estimate on margins.
- Gainers: United Continental (UAL +7.1%), American Airlines Group (AAL +4.4%), Delta Air Lines (DAL +2.5%), Hawaiian Holdings (HA +3.9%), Southwest Airlines (LUV +2.6%), Spirit Airlines (SAVE +4.7%), Virgin America (VA +3%), Allegiant Travel (ALGT +3.1%), Alaska Air Group (ALK +1.8%), JetBlue (JBLU +4.9%).
- Related ETF: JETS.
Oct. 6, 2015, 11:21 AM
- Airline stocks are reacting to a big jump today in oil prices.
- The entire sector is lower, with Alaska Air Group (ALK -2.6%), United Continental (UAL -2.2%), JetBlue (JBLU -2%), and Southwest Airlines (LUV -1.8%) peeling off the most.
- Hedging activity is still a major factor in how oil price swings impact airlines' earnings. Here's a comparison of how Q2 shook out for some players.
Oct. 2, 2015, 10:24 AM
- Airline stocks are weaker than broad market averages on heightened concerns of a weak U.S. economy and in reaction to guidance from Delta.
- The slide in the sector comes even with crude oil dropping back below $45.
- In a new SEC filing, Delta says it sees Q3 operating margin of 20% to 21% and passenger unit revenue growth of -4.5% to -5.5%.
- Leading decliners in the sector in early trading are Delta Air Lines (DAL -3.5%), JetBlue Airways (JBLU -3%), Hawaiian Holdings (HA -3.7%), and American Airlines Group (AAL -2.9%).
Sep. 28, 2015, 6:54 AM| Sep. 28, 2015, 6:54 AM | 1 Comment
Sep. 22, 2015, 11:08 AM| Sep. 22, 2015, 11:08 AM | 2 Comments
Sep. 18, 2015, 9:35 AM
- The U.S. government issues more regulations to open up business with Cuba.
- The rules will allow more travel, corporate expansion, and make it easier for companies to set up new operations in the nation.
- Many of the new measures go into effect on Monday.
- Companies with a potential interest in Cuba: RCL, CCL, JBLU, MA, V, OWW, AAL, NCLH, PEP.
- Related closed-end fund: CUBA.
Sep. 16, 2015, 9:38 AM
- Airline fares fell 3.1% M/M in August to follow up on a 5.6% decline in July, according to the Bureau of Labor Statistics.
- The average fare was 6.0% lower than the level from a year ago on an unadjusted basis.
- The drop in fares was expected with jet fuel prices dramatically lower. In some cases, carriers are spending 30% to 45% less on fuel per mile compared to a year ago.
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
- Related ETF: JETS.
- BLS CPI data
Sep. 14, 2015, 11:39 AM
- Airbus (OTCPK:EADSF, OTCPK:EADSY) says production of its first U.S.-built jetliner, the A321, is several weeks behind schedule due to tooling problems, but that it expects to deliver the plane on time to JetBlue (NASDAQ:JBLU) in Q2 2016.
- Airbus is officially opening its $600M final assembly line in Mobile, Ala., only the second plant it has built outside Europe, as part of its plan to increase its North American market share to 50% from its current level of ~20%.
- The first two single-aisle A321 jets are taking shape at the new plant, whose 260-employee workforce will swell over time to 1,000; the A321 is the largest model in the Airbus A320 family and competes with Boeing's (NYSE:BA) 737.
Sep. 11, 2015, 4:17 PM
- JetBlue (NASDAQ:JBLU) reports revenue passenger miles increased 6.7% to 3.966M in August.
- Capacity was up 8.3% to 4.558B available seat miles.
- August YTD load factor -130 bps to 87.0%.
- YTD load factor +40 bps to 85.5%.
- JetBlue expects Q3 PRASM to fall in a range of -0.5% to +0.5%.
Sep. 2, 2015, 1:02 PM
- The airline sector is taking its cues from the energy market today where oil has made a strong move lower.
- Stocks making significant gains include Hawaiian Holdings (HA +5%), JetBlue Airways (JBLU +4.5%), Alaska Air Group (ALK +4.3%), American Airlines Group (AAL +4.2%), and Delta Air Lines (DAL +3.9%).
- The outlier again is Republic Airways (RJET -13.5%) which is mired in labor and bankruptcy concerns.
- Related ETFs: JETS.
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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