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 Corporation's stock fell to a 10-year low following a disappointing earnings report and pending litigation over its acquisition of Spirit Airlines. The U.S. Department of Justice is suing to prevent the merger, which would make JetBlue the fifth largest airline in the U.S. Other airlines, including Southwest Airlines and Delta Air Lines, also saw their stocks fall.

Portfolio Pulse from Aaron Bry

October 31, 2023 | 9:58 pm

The article lists the stocks that gained and lost in Tuesday's mid-day session. Notable gainers include SciSparc Ltd., Cardio Diagnostics Holdings, Inc., and Verve Therapeutics, Inc. due to positive news such as patent acceptance and contract acquisition. On the other hand, Kintara Therapeutics, Inc., Galera Therapeutics, Inc., and reAlpha Tech Corp. were among the biggest losers due to negative developments like unsuccessful drug trials and poor financial results.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 5:36 pm

During Tuesday's intraday session, several industrials stocks experienced significant movements. Gainers included Granite Construction (GVA), Li-Cycle Holdings (LICY), Applied UV (AUVIP), Freightos (CRGO), Tritium DCFC (DCFC), and NuScale Power (SMR). Losers included Baiyu Holdings (BYU), Douglas Dynamics (PLOW), Addentax Group (ATXG), Spirit Airlines (SAVE), JetBlue Airways (JBLU), and ShiftPixy (PIXY).

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:31 pm

JetBlue's shares are trading lower following disappointing Q3 EPS results and lower-than-expected Q4 and FY23 guidance. The company is also under scrutiny for its deal with Spirit Airlines amid an antitrust trial.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:24 pm

JetBlue Airways Corp (NASDAQ:JBLU) reported a Q3 FY23 operating revenue decline of 8.2% YoY to $2.35 billion, missing the consensus estimate of $2.81 billion. The company's adjusted loss per share was $(0.39), missing the consensus of $(0.25). Operating expenses increased 3.5% YoY to $2.51 billion. The company also lowered its FY23 outlook. Following the announcement, JBLU shares fell by 14.4%.

Portfolio Pulse from Akanksha Bakshi

October 31, 2023 | 3:18 pm

Spirit Airlines, Inc. (NYSE:SAVE) shares have fallen more than 30% over the last five days, possibly due to sympathy with JetBlue Airways Corporation (NASDAQ:JBLU) which reported disappointing Q3 financial results. Additionally, investors are concerned over the Department of Justice's civil antitrust lawsuit to block Spirit Airlines' proposed merger with JetBlue Airways.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 3:02 pm

The US Justice Department is urging a judge to block JetBlue Airways Corp.'s $3.8 billion deal to acquire Spirit Airlines Inc., arguing that the deal is an attempt to eliminate a low-cost rival and increase ticket prices. The federal government, along with six states and Washington DC, sued last year to block the deal, which they say would limit choices for passengers. JetBlue and Spirit argue that the merger is necessary to compete with larger rivals.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:29 pm

U.S. stocks are expected to extend gains as the Federal Reserve's two-day monetary policy meeting begins. Smid-cap earnings have been better than expected, triggering a strong upward move in premarket trading. However, sentiment towards mega-caps remains muted. The Dow Industrials posted its biggest one-day advance since early June, with the S&P 500 moving out of correction territory. Analysts from LPL Financial expect a strong job market, cooling inflation, the end of Fed rate hikes, stable interest rates, and growing corporate profits to keep the bull market going. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.24% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.08%.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 11:44 am

JetBlue Airways Corporation (NASDAQ: JBLU) expects its Q4 revenue to decrease by 6.5-10.5% YoY, but anticipates a 3-5% YoY increase in FY23 revenue.

Portfolio Pulse from Bill Haddad

October 31, 2023 | 10:35 am

JetBlue has projected its FY23 adjusted EPS to be between $(0.65) and $(0.45), which is significantly lower than the estimated $(0.24).

Portfolio Pulse from Bill Haddad

October 31, 2023 | 10:34 am

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