JetBlue Announces First Quarter Results
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Credit Suisse Upgrades JetBlue Airways (JBLU) to Outperform; Outperformance 'Sustainable'
April 30, 2015 6:48 AM EDTCredit Suisse upgraded JetBlue Airways (NASDAQ: JBLU) from Neutral to Outperform with a price target of $27.00 (from $21.00), noting PRASM strength is continuing. Analyst J. Yates said outperformance appears sustainable, and initiatives are still to come.
"While YTD outperformance has given us... More
JetBlue (JBLU) EPS Estimates Raised at Deutsche Bank
April 28, 2015 2:57 PM EDTDeutsche Bank maintained a Buy rating on JetBlue Airways (NASDAQ: JBLU) with a price target of $25. Shares advanced over 7% after the company issued Q1 results and guidance. Analyst Michael Linenberg noted solid trends and and raised his FY15 EPS estimate to $1.75 (from $1.70). Deutsche Bank's 2016 EPS estimate was raised to $1.85 (from $1.75).
"JetBlue generated a stellar 16.6% operating margin (+1,360 bps y-o-y) for the Mar Q, much better than our forecast of 15.2%. Its financial... More
UPDATE: JetBlue Airways (JBLU) Gains Amid Q1 Conference Call
April 28, 2015 10:23 AM EDT(Updated - April 28, 2015 10:27 AM EDT)
JetBlue Airways (NASDAQ: JBLU) gained during its Q1 call, jumping above $20 per share. JetBlue said it sees PRASM up 3-4% year-over-year in April. It also said demand remains strong across the entire network. May-June PRASM is seen as modestly positive.
... MoreJetBlue Airways (JBLU) Tops Q1 EPS by 1c
April 28, 2015 7:31 AM EDTJetBlue Airways (NASDAQ: JBLU) reported Q1 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.52 billion.
Revenue passenger miles for the first quarter increased 11.1% to 9.6 billion on a capacity increase of 9.6%, resulting in a first quarter load factor of 84.3%, an increase of 1.2 points year over year.
Yield per passenger mile in the first quarter was 14.64 cents, up 3.1%... More
