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 (JBLU) Posts Solid Traffic on High Travel Demand
Read MoreHide Full Article
JetBlue Airways Corporation (JBLU - Free Report) reported impressive traffic figures for August 2018. Traffic (measured in revenue passenger miles or RPMs) improved 6.7% year over year to 4.7 billion. On a year-over-year basis, capacity (or available seat miles/ASMs) climbed 4.8% to 5.3 billion.
Owing to traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) expanded 160 basis points (bps) to 88.7%. The low-cost carrier registered a completion factor (system wide) of 97.4% in the month with 66.7% flights on schedule.
At the end of the first eight months of 2018, JetBlue generated RPMs of 34.4 billion (up 6% year over year) and ASMs of 39.8 billion (up 4.7% year over year). Consequently, load factor registered a rise of 100 basis points year over year to 86.3%.
The Long Island City, NY-based carrier maintains projections for revenue per available seat mile (RASM) growth in the range of 1-3% for the third quarter. Recently, JetBlue made the headlines when it increased fees for checked bags and ticket changes to combat the threat posed by rising fuel costs. For the first checked bags, the carrier hiked the fee to $30 from $25. Fees for the second and third checked bags have also been increased.
Moreover, as a part of its expansion endeavors, JetBlue recently started operating non-stop flights between New York’s John F. Kennedy Airport and Southern California’s Ontario International Airport. The initiative catered to the needs of coast-to-coast travelers and provided other improved amenities.
Shares of Old Dominion, SkyWest and Trinity have gained 13.1%, 4.8% and 9.4% in the past six months, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
JetBlue (JBLU) Posts Solid Traffic on High Travel Demand
JetBlue Airways Corporation (JBLU - Free Report) reported impressive traffic figures for August 2018. Traffic (measured in revenue passenger miles or RPMs) improved 6.7% year over year to 4.7 billion. On a year-over-year basis, capacity (or available seat miles/ASMs) climbed 4.8% to 5.3 billion.
Owing to traffic growth outpacing capacity expansion, load factor (percentage of seats filled by passengers) expanded 160 basis points (bps) to 88.7%. The low-cost carrier registered a completion factor (system wide) of 97.4% in the month with 66.7% flights on schedule.
At the end of the first eight months of 2018, JetBlue generated RPMs of 34.4 billion (up 6% year over year) and ASMs of 39.8 billion (up 4.7% year over year). Consequently, load factor registered a rise of 100 basis points year over year to 86.3%.
JetBlue Airways Corporation Price
JetBlue Airways Corporation Price | JetBlue Airways Corporation Quote
The Long Island City, NY-based carrier maintains projections for revenue per available seat mile (RASM) growth in the range of 1-3% for the third quarter. Recently, JetBlue made the headlines when it increased fees for checked bags and ticket changes to combat the threat posed by rising fuel costs. For the first checked bags, the carrier hiked the fee to $30 from $25. Fees for the second and third checked bags have also been increased.
Moreover, as a part of its expansion endeavors, JetBlue recently started operating non-stop flights between New York’s John F. Kennedy Airport and Southern California’s Ontario International Airport. The initiative catered to the needs of coast-to-coast travelers and provided other improved amenities.
Zacks Rank & Key Picks
JetBlue carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader Transportation Sector are Old Dominion Freight Line, Inc. (ODFL - Free Report) , SkyWest, Inc. (SKYW - Free Report) and Trinity Industries, Inc. (TRN - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Old Dominion, SkyWest and Trinity have gained 13.1%, 4.8% and 9.4% in the past six months, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>