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's February Traffic Rises, 1Q18 RASM View Tweaked
Read MoreHide Full Article
JetBlue Airways Corporation (JBLU - Free Report) posted a substantial rise in air traffic for February. Traffic, measured in revenue passenger miles (RPMs), improved 6.8% year over year to 3.69 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) also expanded 6.8% to 4.47 billion.
Load factor or percentage of seats filled by passengers remained flat at 82.6% in the month as traffic growth was commensurate with capacity expansion.
The low-cost carrier registered a completion factor (system wide) of 98.4% in the month with 74.6% flights on schedule.
In the first couple of months in 2018, the carrier posted a 2.3% increase in RPMs while ASMs rose 3.3%, both on a year-over-year basis. Load factor contracted 80 basis points year over year to 82.2%.
1Q18 RASM View Tweaked
This Long Island City, NY-based airline now expects first-quarter 2018 operating revenue per available seat mile (RASM) to improve 3.5-5.5%. Prior guidance was an increase of 2.5-5.5%.
For the first quarter of 2018, the carrier anticipates capacity to grow between 3.5% and 5.5%. The metric is further projected to increase in the 6.5-8.5% range for the current year.
Zacks Rank & Key Picks
JetBlue carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are International Consolidated Airlines Group SA (ICAGY - Free Report) , American Airlines Group, Inc. (AAL - Free Report) and Delta Air Lines, Inc. (DAL - Free Report) . While International Consolidated Airlines sports a Zacks Rank #1 (Strong Buy), American Airlines and Delta Air Lines carry a Zacks Rank #2 (Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines, American Airlines and Delta Air Lines have rallied more than 28%, 37% and 21%, respectively, in a year.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Image: Bigstock
JetBlue's February Traffic Rises, 1Q18 RASM View Tweaked
JetBlue Airways Corporation Price
JetBlue Airways Corporation Price | JetBlue Airways Corporation Quote