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.
JetBlue Airways Corporation (JBLU) - $25 value - yours FREE >>
Trinity Industries, Inc. (TRN) - $25 value - yours FREE >>
Image: Bigstock
JetBlue's (JBLU) July Traffic Solid on High Travel Demand
JetBlue Airways Corporation (JBLU - Free Report) reported robust July traffic results. Traffic – measured in revenue passenger miles (RPMs) – improved 6.2% year over year to 4.76 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 4.1% to 5.35 billion.
Owing to traffic rise exceeding capacity expansion, load factor or percentage of seats filled up by passengers grew 180 basis points (bps) to 88.9%. The low-cost carrier registered a completion factor (system wide) of 97.6% in the month with 67.2% flights on schedule.
On a year-to-date basis, the carrier posted a 5.9% increase in RPMs while ASMs climbed 4.7%, both on a year-over-year basis. Load factor was up 90 bps in the period to 85.9%.
JetBlue Airways Corporation Price
JetBlue Airways Corporation Price | JetBlue Airways Corporation Quote
JetBlue maintains its projection for revenue per available seat mile (RASM) growth for the third quarter of 2018 in the range of 0-3%. Additionally, the carrier anticipates capacity increase between 7.5% and 9.5%. Third-quarter fuel cost, net of hedges, is estimated at $2.33 per gallon. Meanwhile, non-fuel unit costs are predicted to rise in the band of 3-5%.
Zacks Rank & Key Picks
JetBlue has a Zacks Rank #5 (Sell).
Some better-ranked stocks in the broader Transportation sector are SkyWest, Inc. (SKYW - Free Report) , GATX Corporation (GATX - Free Report) and Trinity Industries, Inc. (TRN - Free Report) . While SkyWest and Trinity sport a Zacks Rank #1 (Strong Buy), GATX carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SkyWest, GATX and Trinity, have surged more than 60%, 33% and 31%, respectively, in a year.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>