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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)
Dec. 10, 2015, 6:13 PM
- JetBlue (NASDAQ:JBLU) is down 2.7% after hours to $24.75 after reporting its revenue passenger miles (RPMs, traffic) rose 14.2% Y/Y in November to 3.4B, and its available seat miles (ASMs, capacity) 10.7% to 4.05B. RPMs and ASMs respectively rose 11.8% and 11.1% in October.
- Load factor was 83.9% vs. 84% in October and 81.4% a year ago. Revenue passengers rose 13.2% Y/Y to 2.88M, and departures 7.7% to 25,764.
- Passenger revenue per available seat mile (PRASM) rose 2% Y/Y, after dropping 2% in October. PRASM is said to be "negatively impacted in [Q4] by the timing of year-end Holidays and a higher completion factor than expected, due to better operational performance and more favorable winter weather than anticipated."
- Update: Also of note: JetBlue expects Q4 PRASM to be down 2%-3% Y/Y.
Dec. 10, 2015, 5:36 PM
Dec. 7, 2015, 11:16 AM
- Airline stocks are rallying after crude oil prices swing lower and with several November traffic reports showing revenue passenger miles outpacing capacity gains.
- JetBlue (JBLU +4.1%), Republic Airways (RJET +3.5%), Delta Air Lines (DAL +2.5%), and Hawaiian Holdings (HA +2.2%) are making the sharpest moves in morning trading.
- Previously: Energy shares tank as U.S. crude oil slides 4% (Dec. 07 2015)
- Related ETF: JETS.
Dec. 4, 2015, 3:58 PM
- OPEC's decision to maintain production levels -- and put more pressure on oil prices -- is boosting a fuel-dependent sector as airline stocks rally.
- Outstripping market gains today: United Continental (UAL +3.8%); Delta Air Lines (DAL +3.2%); and American (AAL +3.9%), as well as smaller carriers. JetBlue (NASDAQ:JBLU) is up 3.4% and Republic Airways (NASDAQ:RJET) is up 3.5%. Hawaiian Holdings rose 2.8% and Spirit (NASDAQ:SAVE) is up 3.4%.
- Meanwhile, Southwest (LUV +4.4%) and Alaska (ALK +5.4%) have hit new all-time highs.
- The airlines are building on some strength from earlier in the week driven by traffic trends.
- Previously: Crude oil closes below $40, no relief in sight for oil industry pain (Dec. 04 2015)
- Previously: Stock futures tilt negative as crude oil slides (Dec. 04 2015)
Nov. 24, 2015, 1:49 PM
- A global travel warning issued by the U.S. Department is impacting several sectors. Hotel stocks are notably weaker, while amusement park stocks are also trailing broad market averages. Airlines are feeling a double whammy from travel demand concerns and a 3% rise in crude oil futures.
- In some cases the sell-off appears to be an overreaction with little evidence in that travel habits will change dramatically, according to some analysts.
- Decliners include Hyatt Hotels (H -1.5%), Hilton Worldwide (HLT -1.1%), Marriott International (MAR -1.8%), JetBlue (JBLU -1.7%), Delta Air Lines (DAL -3.3%), American Airlines Group (AAL -2.4%), United Continental (UAL -3.2%), Allegiant Travel (ALGT -5.3%), Spirit Airlines (SAVE -4.1%), Southwest Airlines (LUV -2.7%), Six Flags (SIX -1.0%), Cedar Fair (FUN -1.0%), Disney (DIS -0.9%), and Sabre (SABR -3.9%), Virgin Amerinca (VA -2.5%), Alaska Air Group (ALK -1.5%).
- Previously: PCLN, EXPE, TRIP sell off after State Department issues travel warning (Nov. 24)
Oct. 28, 2015, 9:29 AM
- Credit Suisse downgrades JetBlue (NASDAQ:JBLU) to a Neutral rating from Outperform,
- The investment firm reduces the price target on the U.S. carrier to $28 from $32.
- The ratings swipe by CS was a direct reaction to Jetblue's Q3 earnings and guidance.
- Previously: JetBlue Airways beats by $0.01, revenue in-line (Oct. 27 2015)
- JBLU -2.80% premarket to $24.65.
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. 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. 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%).
Aug. 25, 2015, 12:39 PM
- Airline stocks are getting a nice bounce today as investors can turn their attention back to the sustained drop in jet fuel prices after yesterday's tremors in global equities markets.
- Big gainers include Alaska Air Group (ALK +6%), JetBlue Airways (JBLU +5.1%), American Airlines Group (AAL +4.6%), and Allegiant Travel Group (ALGT +5.1%).
Aug. 21, 2015, 3:31 PM
- Airline stocks fall sharply despite another run lower for oil prices.
- Broader macroeconomic concerns, government probes, and capacity worries are now weighing heavy on the sector.
- It's an odd time for the sector, notes S&P Capital IQ's Jim Corridore. “The airlines are probably doing the best jobs running their businesses in the history of the industry,” notes the analyst.
- Airlines recorded record profit in Q2.
- JetBlue (JBLU -5.4%), American Airlines Group (AAL -4.6%), and Delta Air Lines (DAL -4%) are notable airline decliners today.
- Related ETF: JETS.
Aug. 14, 2015, 9:16 AM
- Airline stocks are on watch as U.S. crude oil prices hit their lowest level in six years.
- The sector hasn't rallied with the same vigor as it did with previous swings lower in oil which has some analysts calling for a delayed rally.
- Though many companies left some savings on the table due to hedging activity, fuel cost per mile flown ranged lower by 20% to 45% in the sector during Q2.
- Earlier this week, Raymond James pitched the case that airlines will use fare increases to cover rising labor costs, leaving fuel expense savings for balance sheet moves.
- Related stocks: DAL, UAL, AAL, SAVE, RJET, HA, ALK, JBLU, VA, ALGT, LUV.
- Related ETF: JETS.
Jul. 14, 2015, 11:04 AM
- It's a topsy-turvy day for the airline sector with JetBlue (JBLU +1.5%) impressing with its June traffic numbers and Spirit Airlines (SAVE -8.5%) disappointing with guidance.
- The bigger story might be the forecast on oil prices after the Iran nuclear deal was hammered out.
- Though oil prices haven't moved off dramatically with the timing of excess supply on the market unknown, the development is a long-term consideration for airlines which are looking for a sustained period of lower jet fuel prices.
- Also on the radar, capacity concerns have been dialed back a bit over the last week, while a report yesterday on booming ancillary revenue in the sector painted a bright picture.
- Trading is mixed on Delta Air Lines (DAL +0.2%), American Airlines Group (AAL -0.8%), United Continental (UAL -0.5%), Virgin America (VA -0.4%), Allegiant Trading (ALGT -0.8%), Hawaiian Holdings (HA -0.5%), Alaska Airl Group (ALK +0.4%), Republic Airway (RJET -1.9%), and Southwest Airlines (LUV -0.4%).
- There's always the U.S. Global Jets ETF (NYSEARCA:JETS) for a broad sector play.
- Previously: Load factor impresses at JetBlue (Jul. 14 2015)
- Previously: Spirit Airlines cuts 2015 op. margin guidance; shares -4.8% (Jul. 13 2015)
Jul. 1, 2015, 2:31 PM
- A DOJ spokeswoman states the agency is probing potential "unlawful coordination" between some airlines. The AP states a document obtained by the news service indicates the DOJ is "investigating whether airlines are colluding to grow at a slower pace as part of an effort to keep airfares high." No word yet on which airlines are being probed.
- Airline stocks have sold off in response. Decliners include United Continental (UAL -4.3%), American Airlines (AAL -4.1%), Southwest (LUV -4.5%), Delta (DAL -4.2%), Alaska Air (ALK -1.7%), Hawaiian Holdings (HA -4.8%), JetBlue (JBLU -5%), Spirit Airlines (SAVE -3.1%), SkyWest (SKYW -4.1%), and Virgin America (VA -1.9%).
- The U.S. Global Jets ETF (NYSE:JETS) is down 2.8%.
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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