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JetBlue Airways' (JBLU) July Load Factor Falls, Stock Down
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Long Island City, NY-based JetBlue Airways Corporation (JBLU - Free Report) posted a significant rise in air traffic for July. Traffic – measured in revenue passenger miles (RPMs) – improved 5.1% year over year to 4.48 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 5.9% to 5.14 billion.
Load factor or percentage of seats filled by passengers decreased 70 basis points (bps) to 87.1% in the month as capacity expansion outpaced traffic growth. This decline in load factor seems to have disappointed investors. Consequently, the stock declined 1.78% to $21.46 at the close of business on Aug 10.
The low-cost carrier registered a completion factor (system wide) of 97.5% in the month with 63.5% flights on schedule.
On a year-to-date basis, the carrier posted a 4.6% rise in RPMs while ASMs rose 4.7%, both on a year-over-year basis. Load factor fell 10 bps year over year to 85%.
JetBlue maintains its projection for revenue per available seat mile (RASM) in the third quarter of 2017 at the range of a decline of 0.5% to a rise of 2.5%.
This Zacks Rank #3 (Hold) company recently reported second-quarter 2017 earnings numbers. The carrier’s earnings (excluding special items) of 64 cents per share beat the Zacks Consensus Estimate by 8 cents. Operating revenues came in at $1,842 million, ahead of the Zacks Consensus Estimate of $1,822.1 million. Both earnings and revenues improved year over year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Airline heavyweights like Southwest Airlines (LUV - Free Report) , American Airlines Group (AAL - Free Report) and Alaska Air Group (ALK - Free Report) have also reported their financial numbers over the past few weeks, each posting better-than-expected results.
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JetBlue Airways' (JBLU) July Load Factor Falls, Stock Down
Long Island City, NY-based JetBlue Airways Corporation (JBLU - Free Report) posted a significant rise in air traffic for July. Traffic – measured in revenue passenger miles (RPMs) – improved 5.1% year over year to 4.48 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 5.9% to 5.14 billion.
Load factor or percentage of seats filled by passengers decreased 70 basis points (bps) to 87.1% in the month as capacity expansion outpaced traffic growth. This decline in load factor seems to have disappointed investors. Consequently, the stock declined 1.78% to $21.46 at the close of business on Aug 10.
The low-cost carrier registered a completion factor (system wide) of 97.5% in the month with 63.5% flights on schedule.
On a year-to-date basis, the carrier posted a 4.6% rise in RPMs while ASMs rose 4.7%, both on a year-over-year basis. Load factor fell 10 bps year over year to 85%.
JetBlue Airways Corporation Price
JetBlue Airways Corporation Price | JetBlue Airways Corporation Quote
JetBlue maintains its projection for revenue per available seat mile (RASM) in the third quarter of 2017 at the range of a decline of 0.5% to a rise of 2.5%.
This Zacks Rank #3 (Hold) company recently reported second-quarter 2017 earnings numbers. The carrier’s earnings (excluding special items) of 64 cents per share beat the Zacks Consensus Estimate by 8 cents. Operating revenues came in at $1,842 million, ahead of the Zacks Consensus Estimate of $1,822.1 million. Both earnings and revenues improved year over year. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Airline heavyweights like Southwest Airlines (LUV - Free Report) , American Airlines Group (AAL - Free Report) and Alaska Air Group (ALK - Free Report) have also reported their financial numbers over the past few weeks, each posting better-than-expected results.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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