The Long Island City, NY-based carrier, JetBlue Airways Corporation (JBLU - Free Report) witnessed significant rise in air traffic for Jun 2017. Traffic – measured in revenue passenger miles (RPMs) – improved 3.2% year over year to 4.07 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 4% to 4.77 billion. Load factor or percentage of seats filled by passengers decreased 70 basis points (bps) to 85.5% in the month under consideration. This was because capacity expansion outweighed traffic growth in the month. The low-cost carrier registered a completion factor (system wide) of 97.5% in the month, with 60.6% flights on schedule.
On a year-to-date basis, JetBlue posted a 4.5% increase in RPMs, while ASMs rose 4.5%. Load factor remained same at 84.6% on a year-to-date basis.
Revenue per available seat mile (RASM) in the second quarter is expected to increase approximately 7 % compared with the second quarter of 2016 (previous guidance had called for an increase in the band of 4-6%). Lower completion factor and incentive payments related to the JetBlue co-branded credit card positively impacted second-quarter RASM.
Price Performance
Shares of JetBlue have underperformed the Zacks categorized Transportation- Airline industry in the last six months. The stock has gained 9.15%, while the industry has returned 16.20%.
Zacks Rank & Other Stocks to Consider
JetBlue currently holds a Zacks Rank #2 (Buy). Investors interested in the airline space may also consider Ryanair Holdings (RYAAY - Free Report) , Air France-KLM SA (AFLYY - Free Report) and Deutsche Lufthansa AG (DLAKY - 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 Ryanair, Air France and Deutsche Lufthansa have grown 29%, 92% and 47%, respectively, in the last three months.
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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.
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The Long Island City, NY-based carrier, JetBlue Airways Corporation (JBLU - Free Report) witnessed significant rise in air traffic for Jun 2017. Traffic – measured in revenue passenger miles (RPMs) – improved 3.2% year over year to 4.07 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 4% to 4.77 billion. Load factor or percentage of seats filled by passengers decreased 70 basis points (bps) to 85.5% in the month under consideration. This was because capacity expansion outweighed traffic growth in the month. The low-cost carrier registered a completion factor (system wide) of 97.5% in the month, with 60.6% flights on schedule.
On a year-to-date basis, JetBlue posted a 4.5% increase in RPMs, while ASMs rose 4.5%. Load factor remained same at 84.6% on a year-to-date basis.
Revenue per available seat mile (RASM) in the second quarter is expected to increase approximately 7 % compared with the second quarter of 2016 (previous guidance had called for an increase in the band of 4-6%). Lower completion factor and incentive payments related to the JetBlue co-branded credit card positively impacted second-quarter RASM.
Price Performance
Shares of JetBlue have underperformed the Zacks categorized Transportation- Airline industry in the last six months. The stock has gained 9.15%, while the industry has returned 16.20%.
Zacks Rank & Other Stocks to Consider
JetBlue currently holds a Zacks Rank #2 (Buy). Investors interested in the airline space may also consider Ryanair Holdings (RYAAY - Free Report) , Air France-KLM SA (AFLYY - Free Report) and Deutsche Lufthansa AG (DLAKY - 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 Ryanair, Air France and Deutsche Lufthansa have grown 29%, 92% and 47%, respectively, in the last three months.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
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 >>
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