JBLU - JetBlue Airways Corporation
After hours:
| Previous Close | 6.83 |
| Open | 6.94 |
| Bid | 7.14 x 21500 |
| Ask | 7.18 x 21500 |
| Day's Range | 6.90 - 7.23 |
| 52 Week Range | 6.18 - 10.75 |
| Volume | |
| Avg. Volume | 9,154,007 |
| Market Cap | 2.354B |
| Beta (5Y Monthly) | 1.58 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.96 |
| Earnings Date | Jul 31, 2023 - Aug 04, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 8.31 |
- Reuters
RPT-FOCUS-American Airlines' reliance on partners faces test after court ruling
American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.
- Reuters
REFILE-JetBlue to spin-off Spirit Airlines' holdings at NY airport
JetBlue Airways Corp said on Thursday it would sell Spirit Airlines Inc's holdings at New York's LaGuardia Airport upon completion of their planned merger. Spirit's holdings, which JetBlue intends to sell to Frontier Group Holdings Inc, includes six gates at the Marine Air Terminal and 22 takeoff and landing slots. JetBlue said the agreement with Frontier would help maintain the same level of low-cost carrier service at LaGuardia Airport.
- Business Wire
JetBlue and Frontier Announce Divestiture Agreement in Connection with JetBlue’s Combination with Spirit
NEW YORK & DENVER, June 01, 2023--JetBlue Airways Corporation (NASDAQ: JBLU) and Frontier Group Holdings, Inc. (NASDAQ: ULCC) today announced that the airlines have entered into a definitive agreement under which JetBlue will divest all of the holdings of Spirit Airlines, Inc. (NYSE: SAVE) at New York’s LaGuardia Airport to Frontier in connection with JetBlue’s planned merger with Spirit. These divestitures are part of JetBlue’s upfront commitments included in the merger agreement with Spirit an
ReutersAmerican Airlines' reliance on partners faces test after court ruling
CHICAGO (Reuters) -American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.
- Reuters
FOCUS-American Airlines' reliance on partners faces test after court ruling
American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.
- Reuters
UPDATE 2-American Airlines to appeal JetBlue alliance court ruling
American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.
ReutersAmerican Airlines to appeal JetBlue alliance court ruling
(Reuters) -American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.
Motley FoolThis Airline Just Got Magnificent News. Investors Didn't Notice.
The unwinding of JetBlue's alliance with American Airlines significantly increases the likelihood that JetBlue will be permitted to buy Spirit Airlines.
ZacksAirline Stock Roundup: RYAAY's Q4 Loss, AAL's Labor Deal & More
A federal judge orders American Airlines (AAL) and JetBlue (JBLU) to end their partnership. Delta (DAL) is set to have a new COO.
ReutersAmerican Airlines flags no earnings impact from NEA ruling
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".
ZacksWhy Is JetBlue (JBLU) Down 1.7% Since Last Earnings Report?
JetBlue (JBLU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Yahoo FinanceUnited CEO on debt ceiling, new $1 billion Denver investment
United Airlines CEO Scott Kirby is keeping one eye on the debt ceiling drama but also on how his airline invests its capital.
ZacksHere's Why Hold Strategy is Apt for JetBlue (JBLU) Right Now
JetBlue's (JBLU) management expects total revenues in the June quarter to increase 4.5-8.5% on a year-over-year basis.
SkiftThe Undoing of American and JetBlue’s Northeast Alliance – in 11 Quotes
The 94-page ruling methodically knocks down the argument from American and JetBlue that their alliance boosts competition to benefit flyers.
- Reuters
UPDATE 4-American and JetBlue airlines must end alliance, US judge rules
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.
ReutersAmerican and JetBlue airlines must end alliance, US judge rules
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.
ZacksImplied Volatility Surging for JetBlue Airways (JBLU) Stock Options
Investors need to pay close attention to JetBlue Airways (JBLU) stock based on the movements in the options market lately.
- Business Wire
JetBlue Announces Record and Payment Dates for May 2023 Additional Prepayment to Spirit Stockholders
NEW YORK, May 12, 2023--As previously announced, in connection with the Agreement and Plan of Merger, dated as of July 28, 2022 (the "Merger Agreement"), by and among JetBlue Airways Corporation ("JetBlue") (NASDAQ: JBLU), Sundown Acquisition Corp., and Spirit Airlines, Inc. ("Spirit") (NYSE: SAVE), JetBlue has set May 24, 2023, as the record date for the May 2023 prepayment to Spirit stockholders of $0.10 per Spirit share (the "May 2023 Additional Prepayment"), with payment of the May 2023 Addi
- Business Wire
JetBlue Launches New TrueBlue Loyalty Program Today, Offering More Paths to Perks and Mosaic Status
NEW YORK, May 10, 2023--JetBlue (Nasdaq: JBLU) today launched the new TrueBlue® loyalty program, offering members more value with the introduction of tiles, Perks You Pick™, expanded levels of Mosaic and more ways to earn perks and status than ever before. The program, announced last year, builds on TrueBlue’s award-winning features that customers have come to love while expanding to offer members new opportunities to earn perks and status whether in the air or on the ground. With this reimagine
- Business Wire
JetBlue Appoints Michael Erbeck Vice President, Safety
NEW YORK, May 09, 2023--JetBlue (NASDAQ: JBLU), New York’s Hometown Airline®, today announced the appointment of Michael Erbeck as the carrier’s new vice president, safety. He will report to Warren Christie, JetBlue’s head of safety, security, fleet operations, airports, and JetBlue University.
ZacksForget Mixed Airlines Earnings: Play JETS ETF on Upbeat Outlook
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.
- Zacks
Airline Stock Roundup: Q1 Earnings Reports of AAL, LUV, ALK & Others
Upbeat air-travel demand aids the Q1 results of American Airlines (AAL) and JetBlue (JBLU).
- Zacks
JetBlue Airways (JBLU) Q1 Earnings & Revenues Beat Estimates
JetBlue's (JBLU) Q1 operating revenues climb 34.1% year over year.
- Thomson Reuters StreetEvents
Q1 2023 JetBlue Airways Corp Earnings Call
Q1 2023 JetBlue Airways Corp Earnings Call
Yahoo Finance VideoSecretary Buttigieg: We need to 'modernize FAA systems'
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.
