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JetBlue Airways Corporation (JBLU)

- NASDAQ
  • Wed, Sep. 2, 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.
    | Wed, Sep. 2, 1:02 PM | 7 Comments
  • Tue, Aug. 25, 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%).
    | Tue, Aug. 25, 12:39 PM | 3 Comments
  • Fri, Aug. 21, 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.
    | Fri, Aug. 21, 3:31 PM | 25 Comments
  • Wed, Aug. 19, 9:19 AM
    • Airlines fares fell 5.6% M/M in July to mark the sharpest drop in the index since December 1995, according to the Bureau of Labor Statistics.
    • The average fare was also 5.6% lower than the level from a year ago on an unadjusted basis.
    • Lower jet fuel expenses and an increased focus on price collusion in the sector are both in the background.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Wed, Aug. 19, 9:19 AM | 16 Comments
  • Fri, Aug. 14, 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.
    | Fri, Aug. 14, 9:16 AM | 16 Comments
  • Thu, Aug. 13, 6:58 AM
    • JetBlue (NASDAQ:JBLU) reports revenue passenger miles increased 8.9% Y/Y to 3.998B in July.
    • Capacity rose 10.4% to 4.595B available seat miles.
    • July load factor -130 bps to 87.3%.
    • YTD load factor +70 bps to 85.3%.
    • Average stage length +0.1% to 1,093 miles.
    | Thu, Aug. 13, 6:58 AM | 5 Comments
  • Fri, Jul. 31, 1:27 PM
    • U.S. airline companies generated net income of over $5.7B in Q2 off of operating revenue that was roughly in-line with the level from last year.
    • Analysts expect the benefit of lower fuel prices and the high level of ancillary fee growth to continue into Q3 and Q4. While regulatory pressure may be dialed up with a collusion probe hanging over the sector, efficiency is seen firming up as strategic capacity growth feeds revenue.
    • Share prices haven't quite kept up with profit growth across much of the sector on skittish reactions by some investors to ongoing developments (hacking, labor, flight disruptions, PRASM guidance).
    • Forward P-E ratios below 10: American Airlines Group (NASDAQ:AAL), United Continental (NYSE:UAL), Delta Air Lines (NYSE:DAL), Hawaiian Holdings (NASDAQ:HA), Virgin America (NASDAQ:VA), Republic Airways (NASDAQ:RJET), SkyWest (NASDAQ:SKYW), Southwest Airlines (NYSE:LUV).
    • Forward P-E ratios below 10-15: JetBlue (NASDAQ:JBLU), Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE).
    • Forward P-E ratios +15: Allegiant Travel (NASDAQ:ALGT).
    • Related ETF: JETS.
    | Fri, Jul. 31, 1:27 PM | 24 Comments
  • Tue, Jul. 28, 12:27 PM
    | Tue, Jul. 28, 12:27 PM | 3 Comments
  • Tue, Jul. 28, 7:56 AM
    • JetBlue (NASDAQ:JBLU) reports revenue passenger miles rose 8.7% to 10.5B in Q2.
    • Capacity was up 7.5% to 12.237B available seat miles, resulting in a load factor that was up 100 bps to 85.6%.
    • Average fare +0.6% to $168.85.
    • Average fuel cost -30.9% to $2.13 per gallon.
    • JetBlue ended the quarter with an operating margin of 17.5%, up 810 bps from a year ago. Operating income doubled to $282M.
    | Tue, Jul. 28, 7:56 AM | 4 Comments
  • Tue, Jul. 28, 7:32 AM
    • JetBlue Airways (NASDAQ:JBLU): Q2 EPS of $0.44 in-line.
    • Revenue of $1.61B (+8.1% Y/Y) misses by $10M.
    • Press Release
    | Tue, Jul. 28, 7:32 AM | 7 Comments
  • Mon, Jul. 27, 5:30 PM
  • Sat, Jul. 25, 12:31 PM
    • Airlines stocks ended the week on a down note, despite record profits being reported by American Airlines Group (NASDAQ:AAL), United Continental (NYSE:UAL), and Southwest Airlines (NYSE:LUV).
    • Investors kept their sharp focus on key metric PRASM (passenger revenue per available seat mile) by turning skittish when American execs warned fare pressure will keep PRASM growth negative into 2016.
    • Fares fell in May and June on an unadjusted basis as reported by the BLS, but perhaps an even bigger eye-opener was the 19% drop reported by Spirit Airlines (NASDAQ:SAVE) on average ticket revenue per flight segment - a sign of promotional pressure.
    • Regulatory pressure also continues to be a larger factor. The DOT is now probing Delta Airlines (NYSE:DAL), United Continental, Southwest Airlines, and Jetblue (NASDAQ:JBLU), for possible price-gouging following the Amtrak train crash in Philadelphia. That follows a broader DOJ investigation into capacity growth collusion.
    • Hedging: Though lower fuel costs continue to a major tailwind, some airlines were burned by increasing hedging activity too quickly. No-hedging American reported a 38.5% drop in fuel per available seat mile in Q2, while United Continental had to absorb a $118M hedging loss which lowered its consolidated fuel expense savings to 32% Y/Y. United said it's building up a small hedge heading into 2016 (UAL earnings call transcript).
    • Related stocks: HA, ALK, ALGT, VA, RJET.
    • Related ETF: JETS.
    | Sat, Jul. 25, 12:31 PM | 32 Comments
  • Fri, Jul. 17, 8:48 AM
    • Airline fares rose 2.0% Y/Y in June on a seasonally adjusted basis, according to the Bureau of Labor Statistics.
    • The average fare was 1.3% lower than the level from a year ago on an unadjusted basis.
    • The increase in fares for the month follows a 5.7% jump in May.
    • There's a bit of a balancing act with fares for airlines amid a DOJ probe on collusion. Though heavyweight industry execs are looking for fare stabilization and controlled capacity increases, they are very likely to keep a tight rein on their public comments. Most analysts don't think there is a smoking gun on collusion similar to the infamous taped conversations between Braniff and American execs in the 1980s.
    • Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
    • Related ETF: JETS.
    • BLS CPI data
    | Fri, Jul. 17, 8:48 AM | 19 Comments
  • Tue, Jul. 14, 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)
    | Tue, Jul. 14, 11:04 AM | 17 Comments
  • Tue, Jul. 14, 8:14 AM
    • JetBlue (NASDAQ:JBLU) reports revenue passenger miles rose 8.8% to 3.542B in June.
    • The carrier saw departures rise 6% during the month and the average stage length increase by 0.2%.
    • Capacity was up 8.0% to 4.151B available seat miles.
    • June load factor +60 bps to 85.3%, a mark well-above the industry average.
    • YTD load factor +100 bps to 84.9%.
    • JBLU flat in premarket trading.
    | Tue, Jul. 14, 8:14 AM | 5 Comments
  • Thu, Jul. 9, 11:20 AM
    | Thu, Jul. 9, 11:20 AM | 34 Comments
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Company Description
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.
Sector: Services
Country: United States