Market Currents

• Friday, December 4, 2009

• 14:15 PM JetBlue's (JBLU +1.2%) passenger traffic jumped 7.7% in November on 5.3% higher capacity, resulting in a load factor (percentage of available seats filled) that rose to 77.4% from a year-earlier 75.7%. (earlier: I, II) Comment!

• Monday, November 30, 2009

• 14:11 PM The modest gain in air traffic, reversing earlier declines, is showing up in airline stocks this afternoon: UAL (UAUA +6.8%), US Airways (LCC +5.5%), Continental (CAL +4.6%), AMR (AMR +3.6%), Delta (DAL +2.9%), Southwest (LUV +2.8%) and JetBlue (JBLU +2%) all up over 2% today. 1 Comment

• Thursday, October 22, 2009

• 09:25 AM JetBlue Airways (JBLU): Q3 EPS of $0.04 misses by $0.01. Revenue of $854M (-5.3%) vs. $847M. Shares +2.8% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AUO, BDK, BG, BMY, CBE, CELG, CHKP, CIT, CNX, DAL, DHR, DO, DOW, EMC, ERIC, ESV, ETR, FITB, GR, HBAN, HOT, HSY, JBLU, JNS, KMB, LCC, LH, LM, MCD, MJN, MMM, MRK, NCR, NIHD, NUE, NVS, NYT, ORI, OXY, PDS, PLD, PM, PNC, POT, R, RAI, RGC, RS, RTN, RX, SGP, STI, SY, T, TASR, TIN, TMO, TRA, TRV, UNP, UPS, XRX, ZMH Comment!

• Saturday, October 10, 2009

• 16:17 PM In aggregate, short interest in U.S. stocks continues to decline. But that doesn't mean shorts have gone away altogether. Current favorites: Eastman Kodak (EK), Rite Aid (RAD), Baker Hughes (BHI), Starbucks (SBUX) and JetBlue Airways (JBLU). 1 Comment

• Tuesday, October 6, 2009

• 14:07 PM JetBlue (JBLU +0.7%) reports September passenger traffic rose 9.8% on 8.6% higher capacity. The airline posted 1.92B revenue passenger miles and load factor (percentage of seats filled) rose to 77.6% from a year-ago 76.7%. Comment!

• Thursday, September 10, 2009

• 08:45 AM Airlines get a boost from JPMorgan, which notes passenger demand, lower fuel prices and mild weather have cooperated to vanquish much of the anxiety over possible bankruptcies. Firm upgrades the two most vulnerable carriers, lifting UAL (UAUA +12.4% premarket) to Overweight and US Airways (LCC +5%) to Neutral, but downgrades JetBlue Airways (JBLU -1%) and AirTran (AAI -0.6%). 2 Comments

• Friday, September 4, 2009

• 13:13 PM JetBlue (JBLU +1.4%) air traffic in August stayed flat at 2.56B revenue passenger miles. Capacity increased 0.6%, while load factor (percentage of seats filled) slipped to 86.6% from 87.1% a year ago. Comment!

• Monday, August 31, 2009

• 10:06 AM As expected, JetBlue Airways (JBLU +0.5%) and Lufthansa ink a codeshare agreement which, once approved by the DOT, will enable each of them to expand their networks through connecting flights. (PR) Comment!
• 07:40 AM Sources say Lufthansa, Europe's number-two transatlantic airline, and JetBlue Airways (JBLU) are planning a 'code-share' agreement that would allow Lufthansa to market JetBlue flights as its own, broadening its U.S. footprint, while helping JetBlue to bolster its transatlantic service. Comment!

• Thursday, August 20, 2009

• 15:29 PM JetBlue's (JBLU +2.4%) $599 all-you-can-fly pass for Sept. 8-Oct. 8 sells out ahead of schedule on "overwhelming demand." Future offerings of a similar program will depend on just how frequent those fliers are. 1 Comment

• Thursday, August 13, 2009

• 09:10 AM All you can fly travel: JetBlue Airways (JBLU) intros a $599 one-month pass for unlimited travel in a bid to jump-start a sluggish summer. Holders can visit any of JBLU's 56 destinations between Sep. 8 and Oct. 8 with no blackout dates and with every available seat up for grabs. Shares +3.7% premarket. 2 Comments

• Thursday, August 6, 2009

• 13:32 PM JetBlue's (JBLU -0.1%) July traffic increased 0.3% and capacity increased 0.9%, while its load factor (percentage of seats filled) fell to 86.1% from last year's 86.6%. Comment!

• Thursday, July 23, 2009

• 07:51 AM JetBlue Airways (JBLU): Q2 EPS of $0.05 beats by $0.03. Revenue of $807M (-6%) vs. $800M. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ALXN, BG, BLL, BMY, CBE, CELG, CLS, CME, DHR, DO, ECA, EMC, ESI, ESV, F, FITB, FLIR, GR, HBAN, HOT, HSY, IGT, JBLU, KMB, LCC, LLL, MMM, NCR, NEM, NIHD, NOC, NUE, NYT, OMC, ORI, OXY, PLD, PM, PNC, POT, R, RAI, RS, RTN, RX, SIAL, SPNC, T, TIN, TMO, TRA, UNP, UPS, WYE, XRX, ZMH Comment!

• Tuesday, July 7, 2009

• 15:45 PM Delta Air Lines (DAL -0.2%) said June traffic dropped 6.3% and capacity dropped 5.8% while load factor (percentage of seats filled) fell to 85.5%. JetBlue (JBLU -0.7%) reported smaller declines, with traffic down 3.3%, capacity down 0.1% and a load factor that fell to 80.3%. Comment!