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.
JetBlue Airways' October Traffic Rises, Load Factor Falls
Read MoreHide Full Article
JetBlue Airways Corporation (JBLU - Free Report) posted a substantial rise in air traffic for October. Traffic — measured in revenue passenger miles (RPMs) — improved 3.7% year over year to 3.7 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 6.8% to 4.5 billion.
Load factor or percentage of seats filled by passengers decreased 240 basis points (bps) to 82.4% in the month as capacity expansion outpaced traffic growth.
The Long Island City, NY-based low-cost carrier registered a completion factor (system wide) of 97.8% in the month with 79.5% flights on schedule.
On a year-to-date basis, the carrier posted a 3.7% rise in RPMs while ASMs rose 4.5%, both on a year-over-year basis. Load factor fell 70 bps year over year to 84.5%.
JetBlue maintains its projection for revenues per available seat mile (RASM) in the fourth quarter of 2017 at the range of a decline of 3% to flat year over year. This is inclusive of the effects of hurricanes by one to two percentage points.
The carrier recently reported third-quarter 2017 earnings numbers. JetBlue’s earnings of 55 cents per share surpassed the Zacks Consensus Estimate by 3 cents. The bottom line, however, declined 5.2% from the year-ago figure due to higher costs. The recent hurricanes also hurt results. Operating revenues came in at $1,813 million, just ahead of the Zacks Consensus Estimate of $1,809.3 million. The top line also increased 4.7% from the year-ago figure.
Key airline players like United Continental Holdings (UAL - Free Report) and American Airlines (AAL - Free Report) have also recently reported third-quarter earnings numbers.
Shares of International Consolidated Airlines have surged more than 34% in a year.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
JetBlue Airways' October Traffic Rises, Load Factor Falls
JetBlue Airways Corporation (JBLU - Free Report) posted a substantial rise in air traffic for October. Traffic — measured in revenue passenger miles (RPMs) — improved 3.7% year over year to 3.7 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 6.8% to 4.5 billion.
Load factor or percentage of seats filled by passengers decreased 240 basis points (bps) to 82.4% in the month as capacity expansion outpaced traffic growth.
The Long Island City, NY-based low-cost carrier registered a completion factor (system wide) of 97.8% in the month with 79.5% flights on schedule.
On a year-to-date basis, the carrier posted a 3.7% rise in RPMs while ASMs rose 4.5%, both on a year-over-year basis. Load factor fell 70 bps year over year to 84.5%.
JetBlue maintains its projection for revenues per available seat mile (RASM) in the fourth quarter of 2017 at the range of a decline of 3% to flat year over year. This is inclusive of the effects of hurricanes by one to two percentage points.
The carrier recently reported third-quarter 2017 earnings numbers. JetBlue’s earnings of 55 cents per share surpassed the Zacks Consensus Estimate by 3 cents. The bottom line, however, declined 5.2% from the year-ago figure due to higher costs. The recent hurricanes also hurt results. Operating revenues came in at $1,813 million, just ahead of the Zacks Consensus Estimate of $1,809.3 million. The top line also increased 4.7% from the year-ago figure.
Key airline players like United Continental Holdings (UAL - Free Report) and American Airlines (AAL - Free Report) have also recently reported third-quarter earnings numbers.
JetBlue Airways Corporation Price
JetBlue Airways Corporation Price | JetBlue Airways Corporation Quote
Zacks Rank & Key Pick
JetBlue carries a Zacks Rank #5 (Strong Sell).
A better-ranked stock in the airline space is International Consolidated Airlines Group SA (ICAGY - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines have surged more than 34% in a year.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>