We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shares of JetBlue (JBLU - Free Report) were up more than 4.8% in early afternoon trading Friday. Investors finally appear to be willing to help the stock recover after its disappointing January traffic data, especially after the release of its relatively comforting February figures.
The key detail from JetBlue’s February traffic report is the year-over-year increase in revenue per available seat mile (RASM). The company said that its preliminary RASM for the month increased approximately 1.5% from the year-ago period. However, excluding the impact of winter storms Nike and Orson, JetBlue’s February RASM was down about 0.5% year-over-year.
Regardless of whether one wants to focus on the increase or slight weather-adjusted decrease, investors should be encouraged by the fact that JetBlue’s latest traffic figures have improved after its disappointing January results.
For the month of January, the airline’s RASM was down about 8.5% year-over-year. JetBlue cited holiday placement and last year’s winter weather as the primary causes for the decline, and the weak results were enough to cancel out its earnings beat.
Interestingly enough, JetBlue warned about similar challenges in today’s February report. The company noted that March RASM is “expected to be negatively impacted by approximately six percentage points due to Easter calendar placement.”
Today’s results also revealed an overall traffic increase of 0.1%, on a capacity increase of 0.7%.
In short, JetBlue’s February traffic results were certainly an improvement over its January figures, but they were not necessarily an overwhelming bullish signal. However, if the company can continue to post RASM gains, it could be primed for a solid bounce back.
For more of this week’s top stories and headlines, check out the latest episode of the Zacks Friday Finish Line podcast:
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why JetBlue (JBLU) Stock Gained Today
Shares of JetBlue (JBLU - Free Report) were up more than 4.8% in early afternoon trading Friday. Investors finally appear to be willing to help the stock recover after its disappointing January traffic data, especially after the release of its relatively comforting February figures.
The key detail from JetBlue’s February traffic report is the year-over-year increase in revenue per available seat mile (RASM). The company said that its preliminary RASM for the month increased approximately 1.5% from the year-ago period. However, excluding the impact of winter storms Nike and Orson, JetBlue’s February RASM was down about 0.5% year-over-year.
Regardless of whether one wants to focus on the increase or slight weather-adjusted decrease, investors should be encouraged by the fact that JetBlue’s latest traffic figures have improved after its disappointing January results.
For the month of January, the airline’s RASM was down about 8.5% year-over-year. JetBlue cited holiday placement and last year’s winter weather as the primary causes for the decline, and the weak results were enough to cancel out its earnings beat.
Interestingly enough, JetBlue warned about similar challenges in today’s February report. The company noted that March RASM is “expected to be negatively impacted by approximately six percentage points due to Easter calendar placement.”
Today’s results also revealed an overall traffic increase of 0.1%, on a capacity increase of 0.7%.
In short, JetBlue’s February traffic results were certainly an improvement over its January figures, but they were not necessarily an overwhelming bullish signal. However, if the company can continue to post RASM gains, it could be primed for a solid bounce back.
For more of this week’s top stories and headlines, check out the latest episode of the Zacks Friday Finish Line podcast:
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>