See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
United Airlines Holdings Inc (UAL) - free report >>
JetBlue Airways Corporation (JBLU) - free report >>
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.
United Airlines Holdings Inc (UAL) - free report >>
JetBlue Airways Corporation (JBLU) - free report >>
Image: Bigstock
JetBlue's (JBLU) Traffic Up in June, Q2 RASM View Bullish
JetBlue Airways Corporation (JBLU - Free Report) recently reported traffic figures for June. Traffic, measured in revenue passenger miles (RPMs), increased 4.7% year over year to 4.61 billion. Also, consolidated capacity (or available seat miles/ASMs) expanded 4.8% to 5.3 billion on a year-over-year basis.
However, load factor or percentage of seats filled by passengers contracted 10 basis points (bps) to 86.9% in the month as capacity expansion exceeded traffic growth.
This Long Island City, NY-based low-cost carrier registered a completion factor (system wide) of 99.5% in the month with 70.1% flights on schedule.
JetBlue Airways Corporation Price
JetBlue Airways Corporation price | JetBlue Airways Corporation Quote
In the first six months of 2019, the carrier posted 6.5% rise in RPMs while ASMs grew 7.9%, both on a year-over-year basis. As a result, load factor deteriorated 110 bps to 84.3%.
JetBlue now anticipates second-quarter revenue per available seat mile (RASM) to increase approximately 3.1% year over year. Previously, the company estimated the metric to climb in the range of 2-4% year over year. Placement of Easter/Passover holiday in April is expected to positively impact the metric.
Zacks Rank & Other Key Picks
JetBlue carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the same space are Air China Ltd. (AIRYY - Free Report) , Copa Holdings, S.A. (CPA - Free Report) and United Airlines Holdings Inc (UAL - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, Copa Holdings and United Airlines have rallied more than 18%, 27% and 8%, respectively, so far this 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 >>