The shares of JetBlue Airways (NASDAQ: JBLU) have trended downward due to fears of sluggish travel & tourism demand in the near term. The fourth wave of the pandemic has caused uncertainty surrounding the timeline for a complete recovery of passenger numbers, but long-term trends look favorable.
Why did JetBlue stock fall 5% after Q2 earnings?
· Why Is Jetblue Stock Going Down? In particular, lower industry pricing conditions, resulting from increased capacity, which was slowly recovering demand, played a large role in offsetting the downgrade of American and JetBlue, with their proprietary reasons. Stock in America dropped by 5% in early trading, while shares in JetBlue dropped by 5%.
What happened to JetBlue Airways?
· Shares of JetBlue Airways ( JBLU 5.01%) traded down as much as 5% on Tuesday afternoon on reports that regulators are preparing to challenge an alliance between JetBlue and American Airlines Group...
Will JetBlue shareholders vote 'no' on frontier acquisition?
· What happened Shares of JetBlue Airways ( NASDAQ:JBLU) fell 5% on Tuesday morning after the discount airline released second-quarter earnings. The company warned it is flying through some headwinds...
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Why JetBlue Stock Is Down Today. U.S. domestic terrorism investigations have more than doubled -FBI director. Just a rope and balance: Tightrope …
Will JetBlue stock go up?
Stock Price Forecast The 11 analysts offering 12-month price forecasts for JetBlue Airways Corp have a median target of 13.00, with a high estimate of 20.00 and a low estimate of 10.00. The median estimate represents a +15.10% increase from the last price of 11.30.
Is JetBlue financially stable?
JetBlue's Financial Strength Limits Downside: While JetBlue's gross debt balance at YE 2021 is roughly double where it was at YE 2019, it's net debt balance is flat. JetBlue also maintains a sizeable liquidity balance of more than $3.4 billion, and estimates that it holds in excess of $9 billion of unencumbered assets.
Is JetBlue a good stock to buy?
JetBlue stock has a Composite Rating of 35, with an EPS Rating of 49. JetBlue (JBLU) is below its 50-day and 200-day lines.
Who owns the most JetBlue stock?
JetBlue CEO Robin Hayes has the top individual ownership of the airline's shares, owning more than 823,000 shares. Joel Peterson, former JetBlue chair of the board, has the second-highest share ownership, holding over 527,000 shares.
Is JetBlue losing money?
Shaky Finances. JetBlue reported very rapid revenue growth and a big loss in the fourth quarter of 2021. It expects to report a drop in revenue for the first quarter of 2022 compared to before the pandemic, according to Flight Global.
Is JetBlue doing well?
JetBlue Airways Corp. reported a fourth-quarter loss as well as a revenue decline from two years ago but added that it sees "sustained profitability in the spring." The New York City-based carrier (Nasdaq: JBLU) reported an adjusted fourth-quarter loss of 36 cents per share and revenues of $1.83 billion.
Should I hold Jet Blue stock?
There are currently 2 sell ratings, 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" JetBlue Airways stock.
What is the best airline stock to buy?
Best Value Airline StocksPrice ($)12-Month Trailing P/E RatioSkyWest Inc. (SKYW)25.1211.4Air Transport Services Group Inc. (ATSG)31.2011.8Alaska Air Group Inc. (ALK)49.6013.2
Is JetBlue safe?
Yes, JetBlue Airways is certified by the FAA and generally a safe airline to fly on.
Does Delta own JetBlue?
While both airlines have code-share partnerships with airlines all over the world, only Delta is part of a major airline alliance (SkyTeam). JetBlue remains independent.
Is JetBlue owned by United?
JetBlue Airways is an American low-cost airline owned by JetBlue Airways Corporation.
Who is JetBlue partners with?
JETBLUE + AMERICAN AIRLINES Our alliance gets straight A's Founded in 1930, American is now one of the largest airlines in the world, with service to 350 destinations in 50 countries.
Why do airlines want to join the Alliance?
The airlines argue the alliance is their best opportunity to expand and better compete at congested airports.
Is JetBlue a niche airline?
JetBlue is a well-regarded airline, but it offers a niche product from a limited number of focus airports. The company throughout its history has attempted to broaden its reach via partnerships, and last year announced a wide-ranging alliance with American designed to improve both airlines' competitive positions in Boston and New York.
Does JetBlue need a partnership?
JetBlue doesn't need the partnership to survive, but it represents the airline's best chance to grow and gain more of a loyal following in markets where it already has a loyal following and a strong customer base. The DOJ's involvement is clearly an unwanted headwind, and it appears some investors aren't interested in hanging around to find out how it is eventually resolved.
Cost concerns will linger into 2022
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
Key Points
JetBlue's earnings came in ahead of expectations, but investors were more concerned about cost projections.
What happened
Shares of JetBlue Airways ( NASDAQ:JBLU) fell 5% on Tuesday morning after the discount airline released second-quarter earnings. The company warned it is flying through some headwinds as it tries to rebuild its operations, causing investors to head for the exits.
So what
JetBlue reported a second-quarter adjusted loss of $0.65 per share on revenue of $1.49 billion, beating analyst expectations for a $0.74 per share loss on revenue of $1.4 billion.
Now what
The worst is over, but the recovery will take time.
What happened
Shares of JetBlue Airways (NASDAQ: JBLU) traded down as much as 5% on Tuesday afternoon on reports that regulators are preparing to challenge an alliance between JetBlue and American Airlines Group (NASDAQ: AAL). That would be unwanted turbulence for the airline, and the threat has investors heading for the exits.
So what
JetBlue is a well-regarded airline, but it offers a niche product from a limited number of focus airports. The company throughout its history has attempted to broaden its reach via partnerships, and last year announced a wide-ranging alliance with American designed to improve both airlines' competitive positions in Boston and New York.
Now what
A DOJ challenge is not necessarily a death knell to the alliance, but it would certainly complicate the airlines' plans. It is possible that added conditions could address any government concerns and allow the alliance to proceed, but if nothing else a challenge would mean the airlines would be unable to act as fast as they had hoped.
What happened
Shares of JetBlue Airways (NASDAQ: JBLU) fell 5% on Tuesday morning after the discount airline released second-quarter earnings. The company warned it is flying through some headwinds as it tries to rebuild its operations, causing investors to head for the exits.
So what
JetBlue reported a second-quarter adjusted loss of $0.65 per share on revenue of $1.49 billion, beating analyst expectations for a $0.74 per share loss on revenue of $1.4 billion.
Now what
The worst is over, but the recovery will take time.
What happened
Tuesday was a down day on Wall Street for airlines, and JetBlue Airways ( JBLU 1.61% ) fell more than most. Shares of JetBlue closed off 4% despite no negative company news.
So what
Airline stocks were among the big losers in the pandemic, with JetBlue, for example, losing more than half its value in March 2020. The stocks slowly recovered some of those losses later in the year as conditions stabilized, and have been rallying so far this year on optimism that as vaccines become more widespread, people will travel this summer.
Now what
The positive words were not enough to keep the stock from falling, but investors shouldn't be too upset. JetBlue shares are still up 44% since the beginning of February, and after a miserable 2020, the company is definitely heading in the right direction.
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