Yesterday, 3:25 PM
- Airline stocks are on watch this week and next with the new round of monthly traffic and sales reports due out.
- UBS and Credit Suisse both think passenger revenue per available seat mile fell during Q1.
- Fares have been strong for the early part of the year, but capacity gains in some key markets is chipping away at efficiency.
- JetBlue (NASDAQ:JBLU), Alaska Airlines (NYSE:ALK), and Southwest Airlines (NYSE:LUV) have added the most capacity on a percentage basis of the major carriers.
- American Airlines Group (NASDAQ:AAL) has held capacity level.
- Previously: U.S. airlines fares rise in February (Mar. 24 2015)
Mon, Mar. 30, 9:14 AM
Thu, Mar. 26, 8:20 AM
- Airline stocks are reacting to the jump in crude oil prices as would be expected.
- Crude oil is markedly higher off of unrest in Yemen.
- Delta Air Lines (NYSE:DAL) is down 4.1% in premarket action, while United Continental (NYSE:UAL) is off 2.9%.
- Southwest Airlines (NYSE:LUV) and JetBlue (NASDAQ:JBLU) are both down about 3%.
- No-hedging American Airlines Group (NASDAQ:AAL) continues to be a curiosity to some traders with its tendency to move in-line with peers on oil swings - despite having a different fuel pricing strategy. AAL -3.4% premarket.
- A deeper dive into jet fuel prices is available at Platts.
Tue, Mar. 24, 9:48 AM
- Airline fares in the U.S. rose in February, according to the Bureau of Labor Statistics.
- The average fare was up 1.9% from January.
- Fares were 3% lower than they were a year ago during February.
- Though a slight increase was expected with oil prices higher, the reading is still positive for the sector as the impact of capacity gains in key markets on fares is weighed.
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
- BLS CPI data
Thu, Mar. 19, 2:37 PM
- Investor may get a buying opportunity with airline stocks when major carriers start reporting in a few weeks, tips Credit Suisse.
- Shares in the group could trade lower after Q1 numbers come up short amid F/X pressure and Q2 guides for efficiency (PRASM) are influenced by capacity growth.
- CS is a buyer on weakness with the sector looking strong for the back half of the year.
- On watch: Southwest Airlines (NYSE:LUV), JetBlue (NASDAQ:JBLU), Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL), American Airlines Group (NASDAQ:AAL).
- Previously: Global airline ETF expected this spring (March 18)
Mon, Mar. 16, 8:46 AM
- Shares of JetBlue (NASDAQ:JBLU) perk up in early trading after Raymond James comes in with an upgrade on the airline stock to Outperform from Market Perform.
- The investment firm sees another leg of profit growth for JetBlue to push shares to new all-time highs.
- JBLU +1.55% premarket to $18.40 after rising +109% over the last 52 weeks.
Thu, Mar. 12, 9:05 AM
- JetBlue (NASDAQ:JBLU) trades higher in early action after reporting on February traffic yesterday.
- The carrier's results in February impressed despite the winter storms that rolled through the East Coast.
- Flight cancellations can lead to greater efficiency in the sector, although a loss of business travel rebookings can be a risk.
- Previously: JetBlue reports February traffic, cuts Q1 seat mile guidance (Mar. 11 2015)
- JBLU +1.9% premarket.
Wed, Mar. 11, 5:31 PM
- JetBlue's (NASDAQ:JBLU) revenue passenger miles rose 10% Y/Y in February to 2.9B, a slowdown from January's 14.3%. However, with available seat miles only rising 7.4% to 3.48B, load factor rose 190 bps to 83.5%.
- Revenue passengers rose 9.1% to 2.44M, and departures 5.8% to 22.3K. Passenger revenue per available seat mile (PRASM) rose 3% (winter storms provided a 2.5% boost), and is expected to be up 3%-4% for the whole of Q1.
- Citing the impact of winter storms, JetBlue now expects 9%-10% Y/Y Q1 available seat mile growth, down from prior guidance of 11%-13%.
- Shares are up fractionally AH to $17.17.
Wed, Mar. 11, 7:41 AM
- U.S. airlines expect passenger traffic to increase 2% during March and April.
- The group of major carriers is forecast to show a 3% rise in capacity over the period.
- The industry's net profit margin is expected to improve compared to a year ago due to lower fuel expenses.
- The average price on aviation jet fuel in North America is currently down 36.6% from a year ago, but 25.2% higher than the level from a month ago.
- Airline fares fell 3% in January and are expected to have shown a smaller decline in February. March fares are seen as holding steady due to strong business demand.
- U.S. carriers: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
Thu, Feb. 26, 9:15 AM
- Airline fares fell 3.0% Y/Y in the U.S. during January on an unadjusted basis, according to data from the Bureau of Labor Statistics.
- The average fare was down 1.4% M/M.
- The drop in fares over the last few months lags by a wide margin the fuel expense savings reported by carriers.
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW,
Mon, Feb. 23, 10:30 AM
- New JetBlue (JBLU +0.5%) CEO Robin Hayes is walking the line between trying to keep customers and Wall Street both happy.
- The carrier trailed peers Southwest, United Airlines, American, and Delta in passenger revenue per available seat mile last year.
- This year, new baggage fees and premium services are expected to close the gap.
Thu, Feb. 19, 9:48 AM
- Strong gains across the airline sector after oil prices move in the right direction after inventories increase.
- What to watch: The West Coast port slowdown is now a factor in the jet fuel market (Platts breakdown).
- Gainers: Republic Airways (NASDAQ:RJET) +4.7%, Delta Air Lines (NYSE:DAL) +4.1%, JetBlue (NASDAQ:JBLU) +3.9%, Southwest Airlines (NYSE:LUV) +2.6%, United Continental (NYSE:UAL) +2.8%, American Airlines Group (NASDAQ:AAL) +2.1%, United Continental (UAL) +2.5%, Spirit Airlines (NASDAQ:SAVE) +2.6%, Virgin America (NASDAQ:VA) +2.1%, Allegiant Travel (NASDAQ:ALGT) +1.8%, Hawaiian Holdings (NASDAQ:HA) +1.2%.
Tue, Feb. 17, 11:16 AM
- Winter weather has forced the cancellation of 1,812 flights in the U.S. today to follow up on yesterday's 2,690 cancellations and another 2,736 on Sunday.
- The carriers feeling the sharpest impact are ExpressJet (NYSE:DAL), Air Wisconsin, PSA Airlines (NASDAQ:AAL), JetBlue (NASDAQ:JBLU), Republic Airlines (NASDAQ:RJET), and Southwest Airlines (NYSE:LUV).
- Flight tracking heat map.
Fri, Feb. 13, 4:32 PM
- Fresh off news that its agreement with Costco (NASDAQ:COST) is coming to an end, American Express (NYSE:AXP) is also splitting with JetBlue (NASDAQ:JBLU) as the airline has reportedly reached a new credit-card deal with Barclays (NYSE:BCS) and MasterCard (NYSE:MA).
- The change ends a credit-card partnership that started in 2005. AXP's pact with Costco has lasted 16 years.
- Airline deals are generally desirable for card issuers as annual fees are more likely and travel awards can spur spneding.
- After hours, AXP down just 0.1%; MA +0.1%; BCS +0.2%.
- Previously: Analysts weigh in on American Express after Costco loss (Feb. 13 2015)
Mon, Feb. 9, 10:37 AM
- It's an anxious time for airline stocks with a number of factors swaying sentiment to start the week.
- Oil prices continue to trek higher after OPEC issued an updated outlook on demand.
- Southwest Airlines (LUV -1.9%) showed a drop in load factor during January as its capacity outran passenger revenue miles.
- Another winter storm on the East Coast is also an operational complexity for the sector.
- Decliners: United Continental (NYSE:UAL) -4.7%, Alaska Air Group (NYSE:ALK) -4.2%, Republic Airways (NASDAQ:RJET) -4.1%, JetBlue Airways (NASDAQ:JBLU) -3.6%, American Airlines (NASDAQ:AAL) -3.4%, Delta Air Lines (NYSE:DAL) -3.2%, Hawaiian Holdings (NASDAQ:HA) -2.1%.
Sat, Feb. 7, 7:00 AM
- Airline stocks have been on a tear over the last six months with plunging oil prices helping to lower costs for carriers.
- A SA scan within the sector of share price gain in relation to Q4 fuel expense declines (Y/Y) is one way to measure which stocks in the sector are getting the biggest boost from the energy market developments (jet fuel price chart).
- Four airlines saw a share price multiplier of over 4X their fuel cost drop-off percentage: Southwest Airlines (NYSE:LUV), Allegiant Travel (NASDAQ:ALGT), JetBlue (NASDAQ:JBLU), and Hawaiian Holdings (NASDAQ:HA).
- United Continental (NYSE:UAL) and Alaska Airlines (NYSE:ALK) were in the next group with a multiple of 3.907 and 3.169, respectively.
- Delta Air Lines (NYSE:DAL) lagged with a multiple of 1.893. Don't blame the company's Trainer refinery which earned a profit of $105M in Q4. Concerns on weak demand in Asia may be the culprit.
- American Airlines Group (NASDAQ:AAL) trailed the sector with a 1.786 multiple, despite a spot-on strategy of scrapping fuel hedging just ahead of the oil market collapse, as integration complexity remains in the background.
- Virgin America, Spirit Airlines, Republic Airways Holdings, and SkyWest Airlines haven't reported Q4 earnings yet, so they weren't included in the comparison.
JBLU vs. ETF Alternatives
JetBlue Airways Corp is passenger airline company. The Company provides passenger airline services in the United States. Its services includePartner airlines, Getaways, Corporate, Cargo, Travel agents, Special assistance and Travel Insurance.
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