JetBlue Airways Corporation (JBLU - Free Report) recently reported traffic figures for April. Traffic measured in revenue passenger miles (RPMs), increased 6.6% year over year to 4.59 billion. Consolidated capacity (or available seat miles/ASMs) expanded 7.4% to 5.39 billion on a year-over-year basis.
However, load factor or percentage of seats filled by passengers contracted 60 basis points (bps) to 85.1% 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 98.6% in the month with 73.4% flights on schedule.
In the first four months of 2019, the carrier posted a 7.1% rise in RPMs while ASMs grew 9.4%, both on a year-over-year basis. Meanwhile, load factor deteriorated 170 bps to 83.2%.
The company maintains its second-quarter revenue per available seat mile (RASM) projection. The metric is anticipated to rise 1-4% in the current quarter. Additionally, consolidated operating cost per available seat mile excluding fuel is expected to increase 1.5-3.5% in the ongoing quarter. Meanwhile, capacity is forecast to increase between 4.5% and 6.5% in the period.
Zacks Rank & Key Picks
JetBlue carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are SkyWest, Inc. (SKYW - Free Report) , Swire Pacific Ltd. (SWRAY - Free Report) and Delta Air Lines, Inc. (DAL - Free Report) . While SkyWest and Swire Pacific sport a Zacks Rank #1 (Strong Buy), Delta Air Lines carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SkyWest, Swire Pacific and Delta Air Lines have rallied more than 9%, 21% and 8%, respectively, in a year’s time.
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JetBlue Airways Corporation (JBLU - Free Report) recently reported traffic figures for April. Traffic measured in revenue passenger miles (RPMs), increased 6.6% year over year to 4.59 billion. Consolidated capacity (or available seat miles/ASMs) expanded 7.4% to 5.39 billion on a year-over-year basis.
However, load factor or percentage of seats filled by passengers contracted 60 basis points (bps) to 85.1% 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 98.6% in the month with 73.4% flights on schedule.
In the first four months of 2019, the carrier posted a 7.1% rise in RPMs while ASMs grew 9.4%, both on a year-over-year basis. Meanwhile, load factor deteriorated 170 bps to 83.2%.
The company maintains its second-quarter revenue per available seat mile (RASM) projection. The metric is anticipated to rise 1-4% in the current quarter. Additionally, consolidated operating cost per available seat mile excluding fuel is expected to increase 1.5-3.5% in the ongoing quarter. Meanwhile, capacity is forecast to increase between 4.5% and 6.5% in the period.
Zacks Rank & Key Picks
JetBlue carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are SkyWest, Inc. (SKYW - Free Report) , Swire Pacific Ltd. (SWRAY - Free Report) and Delta Air Lines, Inc. (DAL - Free Report) . While SkyWest and Swire Pacific sport a Zacks Rank #1 (Strong Buy), Delta Air Lines carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SkyWest, Swire Pacific and Delta Air Lines have rallied more than 9%, 21% and 8%, respectively, in a year’s time.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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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