|Bid||6.86 x 39400|
|Ask||6.87 x 29200|
|Day's Range||6.80 - 6.96|
|52 Week Range||6.18 - 10.97|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The unwinding of JetBlue's alliance with American Airlines significantly increases the likelihood that JetBlue will be permitted to buy Spirit Airlines.
A federal judge orders American Airlines (AAL) and JetBlue (JBLU) to end their partnership. Delta (DAL) is set to have a new COO.
American Airlines and JetBlue announced the creation of the Northeast Alliance (NEA) in July 2020 to coordinate flights and pool revenue while competing against Delta Air Lines and United Airlines, that dominate the New York-area and Boston markets. Last week, a federal judge ruled for both carriers to end the alliance saying the partnership "substantially diminishes competition in the domestic market for air travel".
JetBlue (JBLU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
United Airlines CEO Scott Kirby is keeping one eye on the debt ceiling drama but also on how his airline invests its capital.
JetBlue's (JBLU) management expects total revenues in the June quarter to increase 4.5-8.5% on a year-over-year basis.
The 94-page ruling methodically knocks down the argument from American and JetBlue that their alliance boosts competition to benefit flyers.
American Airlines Group must end its alliance with JetBlue Airways Corp , a federal judge ruled on Friday, agreeing with the U.S. Justice Department that the arrangement means higher prices for consumers and ordering the companies to part ways within 30 days. The decision represented a victory for President Joe Biden's administration, which has taken a hard line on consolidation and tie-ups in the aviation industry. The Justice Department, six states including Massachusetts as well as the District of Columbia sued in 2021 to unwind the deal announced in 2020, calling the "Northeast Alliance" a "de facto merger" of the American and JetBlue Boston and New York operations that removes incentives for them to compete.
WASHINGTON (Reuters) -American Airlines Group must end its alliance with JetBlue Airways Corp, a federal judge ruled on Friday, agreeing with the U.S. Justice Department that the arrangement means higher prices for consumers and ordering the companies to part ways within 30 days. The decision represented a victory for President Joe Biden's administration, which has taken a hard line on consolidation and tie-ups in the aviation industry. The Justice Department, six states including Massachusetts as well as the District of Columbia sued in 2021 to unwind the deal announced in 2020, calling the "Northeast Alliance" a "de facto merger" of the American and JetBlue Boston and New York operations that removes incentives for them to compete.
Investors need to pay close attention to JetBlue Airways (JBLU) stock based on the movements in the options market lately.
The U.S. airline industry delivered a mixed performance in the first quarter of 2023. With recovering demand, capacity is expected to go up ahead. Play airlines ETF on upbeat outlook.
Upbeat air-travel demand aids the Q1 results of American Airlines (AAL) and JetBlue (JBLU).
JetBlue's (JBLU) Q1 operating revenues climb 34.1% year over year.
Q1 2023 JetBlue Airways Corp Earnings Call
Last winter, seasonal storms decimated flight schedules proving the need for infrastructure improvements for the Federal Aviation Administration's systems. Moreover, as airlines faced pilot and other labor shortages, passengers have noticed an ongoing decline in the quality of U.S. air travel from flight delays, cancellations, and even engine fires. In an interview with Yahoo Finance's Julie Hyman, Brian Sozzi and Brad Smith, U.S. Department of Transportation Secretary Pete Buttigieg said, "Air traffic control staffing is not the main reason for cancellations and delays, but it is a factor." Buttiegieg adds that to keep that factor from growing, "we've got to have the tools to invest in the people and invest in the technology to modernize FAA systems. Many of these are legacy systems. They've obviously done an incredible job... but that's not something that's just going to keep going on its own." Key video moments: 00:00:05 Air traffic control hiring 00:00:20 Modernizing legacy systems 00:00:50 FAA & Pres. Biden's budget Watch our full conversation with U.S. Transportation Secretary Pete Buttigieg here.
Key Insights Significantly high institutional ownership implies JetBlue Airways' stock price is sensitive to their...
Yahoo Finance Live’s Rachelle Akuffo discusses how trending tickers JetBlue, GAP, 3M, General Electric, and Raytheon Technologies stocks are moving into the noon hour.
While the top- and bottom-line numbers for JetBlue (JBLU) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
JetBlue (JBLU) delivered earnings and revenue surprises of 10.53% and 0.24%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
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Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
The era of business travel is "not going to come back," says Mike Boyd, Boyd Group International President. The longtime airline industry expert joined Rachelle Akuffo on Yahoo Finance Live with his outlook on the sector, on the heels of positive outlooks from Delta (DAL) and United Airlines (UAL). Air travel is not as "time effective as it used to be" for businesses, Boyd says, pointing to the ease and efficiency video offers. He explains that airlines are instead focusing on leisure travel, a sector with "a lot less" vulnerability than in years prior. But, Boyd warns, "we don't know what inflation is going to do." The airline industry can be split into "two parallel" systems, Boyd says. You have large airlines that cater to a "mix of travelers": Delta, American (AAL), United, and Southwest (LUV). Then, there are ultra low cost carriers (ULCCs), that focus entirely on leisure traffic: think Spirit (SAVE), Frontier (ULCC), Allegiant (ALGT), which Boyd says will be fine "as long as discretionary dollars hold." He adds that people have made it clear with their spending habits they're "willing to spend" on air travel, "even if they can't afford an egg for breakfast." Key Video Moments: 00:00:11 Business travel "is not going to come back" 00:00:45 Leisure travel is higher on the "spend food chain" for consumers 00:01:08 Mix of travelers is going to "be different" 00:01:36 We're looking at two "parallel airline systems" 00:02:14 People are "willing to spend" on airline travel For more of Rachelle’s conversation with Mike Boyd, click here.
Spirit (SAVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
JetBlue (JBLU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
American Airlines, Gol Linhas, Azul, Ryanair Holdings and JetBlue Airways are part of the Zacks top Analyst Blog.