The Long Island City, NY-based carrier JetBlue Airways Corporation (JBLU - Free Report) posted a significant rise in air traffic for the month of Apr 2017. Traffic – measured in revenue passenger miles (RPMs) – improved 8.2% year over year to 4.06 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 6.6% to 4.77 billion. Load factor or percentage of seats filled by passengers increased 120 basis points (bps) to 85.3% in the month. Load factor increased as traffic growth outpaced capacity expansion in April. The low-cost carrier registered a completion factor (system wide) of 98.5% in the month, with 72.4% flights on schedule.
On a year-to-date basis, the carrier posted a 5% rise in RPMs, while ASMs rose 4.8% to both on a year-over-year basis. Load factor inched up 10 bps year over year to 84.3%.
JetBlue maintains its projection for revenue per available seat mile (RASM) for the second quarter of 2017 at the range of 3%–6%.
The company recently reported first-quarter 2017 numbers. The carrier posted mixed results, with earnings beating estimates and revenues missing the same. Other key sector participants like Hawaiian Holdings (HA - Free Report) and Allegiant Travel Company (ALGT - Free Report) also recently released their first-quarter 2017 numbers.
Price Performance
Shares of JetBlue have outperformed the Zacks categorized Transportation- Airline industry over the last three months. The stock gained 8.97%, while the industry rose 6.17%. The impressive traffic results are expected to boost the stock performance.
Zacks Rank & Key Pick
JetBlue currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the airline space is Deutsche Lufthansa AG (DLAKY - Free Report) , with a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Deutsche Lufthansa rallied 44% on a year-to-date basis.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Long Island City, NY-based carrier JetBlue Airways Corporation (JBLU - Free Report) posted a significant rise in air traffic for the month of Apr 2017. Traffic – measured in revenue passenger miles (RPMs) – improved 8.2% year over year to 4.06 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 6.6% to 4.77 billion. Load factor or percentage of seats filled by passengers increased 120 basis points (bps) to 85.3% in the month. Load factor increased as traffic growth outpaced capacity expansion in April. The low-cost carrier registered a completion factor (system wide) of 98.5% in the month, with 72.4% flights on schedule.
On a year-to-date basis, the carrier posted a 5% rise in RPMs, while ASMs rose 4.8% to both on a year-over-year basis. Load factor inched up 10 bps year over year to 84.3%.
JetBlue maintains its projection for revenue per available seat mile (RASM) for the second quarter of 2017 at the range of 3%–6%.
The company recently reported first-quarter 2017 numbers. The carrier posted mixed results, with earnings beating estimates and revenues missing the same. Other key sector participants like Hawaiian Holdings (HA - Free Report) and Allegiant Travel Company (ALGT - Free Report) also recently released their first-quarter 2017 numbers.
Price Performance
Shares of JetBlue have outperformed the Zacks categorized Transportation- Airline industry over the last three months. The stock gained 8.97%, while the industry rose 6.17%. The impressive traffic results are expected to boost the stock performance.
Zacks Rank & Key Pick
JetBlue currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the airline space is Deutsche Lufthansa AG (DLAKY - Free Report) , with a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Deutsche Lufthansa rallied 44% on a year-to-date basis.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on JBLU - FREE
Get the latest research report on DLAKY - FREE
Get the latest research report on HA - FREE
Get the latest research report on ALGT - FREE