Streetbeat News

JBLU

JetBlue Airways Corporation

https://www.jetblue.com

Industry

Airlines, Airports & Air Services

JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.

Open

6.16

Mkt cap

2.1B

Volume

12M

High

6.21

P/E Ratio

-2.36

52-wk high

8.07

Low

6.03

Div yield

N/A

52-wk low

3.76

JetBlue Airways (NASDAQ:JBLU) reported Q4 adjusted EPS of $(0.19), surpassing the $(0.28) estimate, and sales of $2.33B, exceeding the $2.28B estimate. However, this reflects a 186.36% decrease in EPS and a 3.73% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:31 am

A list of companies are scheduled to report their earnings on January 30, 2024, with expectations for their quarterly earnings per share (EPS) and revenue. The list includes a mix of projected profits and losses across various industries. Notable companies include Pfizer with an expected quarterly loss and tech giants like Alphabet and Microsoft anticipating earnings.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 10:08 am

JetBlue Airways has appointed Warren Christie as its new Chief Operating Officer. Christie's extensive experience in the aviation industry, including his previous roles within JetBlue, positions him to lead the airline's operational strategies moving forward.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:33 pm

JetBlue Airways (NASDAQ:JBLU) is scheduled to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $-0.28. Investors are looking for an earnings beat and positive guidance for future growth. Historically, JetBlue's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates, resulting in a 1.86% share price drop. Over the past year, JBLU shares have declined by 31.37%.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 4:01 pm

The past week's earnings reports from companies like Tesla, Intel, and Texas Instruments were disappointing, affecting market sentiment. However, Netflix's strong performance provided some optimism. With 25% of S&P 500 companies having reported, 69% beat EPS estimates and 68% beat revenue estimates. The upcoming week is tech-heavy with earnings from Microsoft and Apple being highly anticipated, especially Microsoft's AI initiatives. FactSet expects six 'Mag 7' companies, excluding Tesla, to report a 53.7% year-over-year earnings growth for Q4. Energy sector earnings are also to be watched due to low crude oil prices. The SPDR S&P 500 ETF Trust (SPY) saw a slight premarket increase.

Portfolio Pulse from Shanthi Rexaline

January 29, 2024 | 10:51 am

Barron's weekend stock coverage includes Intel's 12% drop after weak guidance, Flutter Entertainment's NYSE debut and its implications for DraftKings, Tesla's minimal rebound and expected short-term weakness, Coinbase's stock rise due to an Oppenheimer upgrade, and Spirit Airlines' stock tumble as JetBlue hints at walking away from their merger. Analysts downgraded Intel on AI competitiveness concerns, DraftKings is expected to withstand Flutter's entry, Tesla is subject to the 'three-day rule' post-underperformance, Coinbase is seen as resilient despite SEC challenges, and Spirit faces uncertainty over its merger with JetBlue.

Portfolio Pulse from Justin Chan

January 28, 2024 | 12:37 am

JetBlue has announced a program that excludes pilots, flight attendants, and technicians. The nature of the program is not specified in the article.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:01 pm

JetBlue Airways is looking to lower its fixed costs by offering voluntary departure packages to employees in corporate, airport, and customer support roles. These packages include pay and benefits for those choosing to leave.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:01 pm

Delta Air Lines Inc (DAL) topped The Wall Street Journal's annual airline rankings for the third consecutive year, demonstrating strong operational efficiency and customer service. Alaska Air Group Inc (ALK) and Allegiant Travel Company (ALGT) followed in second and third place. However, JetBlue Airways Corporation (JBLU) ranked at the bottom due to congested airspace over New York City. The industry overall showed improved performance with the best on-time arrival rate since 2019, though challenges like baggage handling, tarmac delays, and passenger complaints persist. American Airlines Group Inc (AAL) and United Airlines Holdings Inc (UAL) have made significant improvements, but the progress in reducing flight cancellations and delays remains uneven across carriers.

Portfolio Pulse from Michael Cohen

January 26, 2024 | 5:23 pm

Benzinga's Stock Whisper Index highlighted five stocks: AAL, DWAC, VERA, AMSC, and LVTX. AAL reported strong Q4 results, beating estimates and receiving analyst upgrades, with shares up 13% in five days. DWAC shares hit two-year highs after Trump's primary wins and DeSantis' endorsement, with a SPAC merger deadline extended to March 8, 2024. VERA shares soared after positive Phase 2b trial results, leading to analyst upgrades and a 95% weekly gain. AMSC reported a 60% YOY revenue increase in Q3 and strong demand for new energy power systems. LVTX shares rose 40% after announcing a clinical trial collaboration with MRK for a prostate cancer treatment.

Portfolio Pulse from Chris Katje

January 26, 2024 | 4:50 pm

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