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%).
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. 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.
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)
Wed, Jul. 1, 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%.
Fri, Jun. 19, 10:31 AM
- Airline stocks rally off of a drop in oil prices and a week of declining concerns on unrestrained capacity growth.
- JPMorgan added to sentiment with a positive note on airline stocks in which it called the group oversold recently.
- The read on U.S. fares earlier this week was also positive.
- American Airlines Group (AAL +4.3%), United Continental (UAL +3.5%), Delta Air Lines (DAL +3%), JetBlue (JBLU +2.9%), and Hawaiian Holdings (HA +2.5%) are making the strongest gains in the sector.
- The U.S. Global Jets ETF (NYSE:JETS) is up 1.60%.
Wed, Jun. 10, 10:30 AM
- The EPA says greenhouse gases from aircraft endanger human health, a finding that begins a process to regulate greenhouse gas emissions from the aviation industry, the latest sector to be regulated under the Clean Air Act after cars, trucks and power plants.
- The endangerment finding allows the EPA to implement domestically a global carbon dioxide emissions standard being developed by the International Civil Aviation Organization; the airline industry favors a global standard over individual national standards since airlines operate all over the world and want to avoid a patchwork of rules and measures.
- GEVO, which has been working on renewable fuels for airplanes, is +3.5% today and +27% so far this month in anticipation of the EPA findings.
- Also higher are REGI +2%, SZYM +2.5%, AMRS +2%.
- Potential related stocks: AAL, UAL, SAVE, DAL, ALK, HA, SKYW, LUV, JBLU, VA
Tue, Jun. 9, 10:58 AM
- The jittery airline sector is having a volatile day once again.
- Capacity concerns have been the major focus of sellers, although the strong move higher of oil prices today is also in the background.
- American Airlines Group reported a drop in its load factor earlier as capacity growth came in ahead of revenue passenger miles.
- Though Raymond James issued a biting downgrade on American, United Continental, and Delta yesterday - some analysts such as Sterne Agee CRT's Michael Derchin think the pessimism is overdone.
- Q2 conference calls could calm fears on capacity running hot, reasons the analyst.
- A higher level of buybacks in the sector and reasonable valuations based on earnings projections are also factors.
- Sector watch: Alaska Air Group (ALK -6.4%), Southwest Airlines (LUV -5.8%), SkyWest (SKYW -3.4%), Hawaiian Holdings (HA -4.7%), Spirit Airline (SAVE -4.4%), Delta Air Lines (DAL -3.7%), Allegiant Travel (ALGT -3.6%), Republic Airways (RJET -2.9%), Virgin America (VA -2.6%), United Continental (UAL -1.8%), American Airlines Group (AAL -2%), JetBlue (JBLU -1.9%).
- The U.S. Global Jets ETF (NYSE:JETS) is down 2.96% on the day.
- Previously: American Airlines Group's capacity up 2% in May
Wed, May 27, 12:06 PM
- Airline stocks trade higher to help take some of the sting off recent declines generated in the sector.
- Some analysts see the strong free cash flow trends in the industry offsetting concerns over pricing and capacity.
- Hawaiian Holdings (HA +6.7%), United Continental (UAL +3.2%), Spirit Airline (SAVE +2.1%) and JetBlue (JBLU +2.6%) are making the sharpest moves on the day.
- Previously: Airline sector in midst of worst streak in seven months (May 26)
- Related ETFs; JETS.
Wed, May 20, 10:42 AM
- Airline stocks are making a strong move lower after oil prices react to supply data out of the U.S. and Japan along with renewed tension in Yemen.
- Some sector analysts have noted the swings in airline share prices (up/down) are outsized compared to the impact on jet fuel prices of daily developments in the crude oil market.
- Platts has a breakdown of how supply and demand forces in the jet fuel market bring other factors into play.
- Leading airline decliners: Southwest Airlines (LUV -6.8%), American Airlines Group (AAL -6.1%), JetBlue (JBLU -6.3%), United Continental (UAL -6%), Spirit Airline (SAVE -5.3%), Delta Air Lines (DAL -4.9%), Alaska Air Group (ALK -3.9%), Hawaiian Holdings (HA -4.6%), Republic Airways (RJET -3.5%), Allegiant Travel (ALGT -3.8%).
- Related ETFs: JETS.
Thu, Apr. 30, 9:26 AM
- Credit Suisse upgrades JetBlue (NASDAQ:JBLU) to Outperform from Neutral on a positive take that the company will reap benefits from its recent investments.
- The carrier is also rolling out new fare hikes in key markets.
- JetBlue is coming off a quarter of solid execution and is heading into a period of growing capacity.
- Previously: Efficient quarter for JetBlue amid stormy weather (Apr. 28 2015)
- JBLUE +1.54% premarket to $21.05 vs. the 52-week trading range of $7.62 to $21.28.
Tue, Apr. 28, 7:46 AM
- JetBlue (NASDAQ:JBLU) reports revenue passenger miles increased 11.1% to 9.6B on a 9.6% rise in capacity during the quarter.
- The company's load factor was up 120 bps to 84.3%.
- Operating expenses -2.9% with a 34% decrease in fuel prices paid offsetting extra costs tied to winter storms.
- JetBlue had 21% of its fuel consumption hedged in Q1 and expects that rate to fall to 20% in Q2.
- Guidance: JetBlue expects CASM growth of 1% to 3% in Q1. Capacity seen rising 5.5% to 7.5% in Q2 and 7% to 9% for the full year.
- JBLU +1.47% premarket to $19.99.
Tue, Apr. 28, 7:31 AM
Thu, Apr. 9, 11:55 AM
- Airlines stocks are making their typical strong move opposite the direction of oil prices.
- The wild gyrations in the sector appear to be overdone to some analysts and industry watchers as developments in the oil patch crowd out capacity, demand, and pricing trends.
- Fuel costs only accounted for 30% of the operating expenses for U.S. carriers last year, notes U.S. Global Investors CEO Frank Holmes.
- He points out that airlines have also become more rational and are increasing the mix of fuel efficient planes.
- There's also the disparity of airline stocks moving roughly in tandem despite different levels of jet fuel price exposure.
- Previously: Fueling around with airline stocks (Feb. 07 2015)
- Airline stocks on the move today: Hawaiian Holdings (NASDAQ:HA) -3.4%, Republic Airways (NASDAQ:RJET) -1.8%, Virgin America (NASDAQ:VA) -1.5%, American Airlines Group (NASDAQ:AAL) -1.5%, JetBlue (NASDAQ:JBLU) -1.5%, Spirit Airlines (NASDAQ:SAVE) -1.4%, Southwest Airlines (NYSE:LUV) -1.3%, Alaska Air Group (NYSE:ALK) -1.2%.
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.
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.
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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