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JetBlue's (JBLU) December Traffic Rises, Load Factor Falls
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JetBlue Airways Corporation (JBLU - Free Report) reported traffic figures for December 2018. Traffic, measured in revenue passenger miles (RPMs), increased 6.8%year over year to 4.35 billion. Consolidated capacity (or available seat miles/ASMs) expanded 8.5% to 5.35 billion on a year-over-year basis.
However, load factor or percentage of seats filled by passengers contracted 130 basis points (bps) to 81.4% in the month as traffic growth was outpaced by capacity expansion.
This Long Island City, NY-based low-cost carrier registered a completion factor (system wide) of 99.8% with 74.5% flights on schedule.
For the full year, the carrier posted a 7.5% rise in RPMs while ASMs grew 6.9%, both on a year-over-year basis. Also, load factor rose 50 bps to 84.8%.
The company now anticipates fourth-quarter revenue per available seat mile (RASM) to climb around 2.4% year over year within the previously guided range of 1.5-3.5%. The view includes 0.3 points adversity due to higher-than-expected completion factor. However, revenue trends during December have been as expected.
Additionally, the carrier expects capacity to expand between 7.5% and 9.5% in the final quarter of 2018. Consolidated operating cost per available seat mile excluding fuel is predicted to dip in the 1.5-3.5% band in the quarter. Meanwhile, fourth-quarter fuel cost, net of hedges, is projected to be $2.48 per gallon.
The carrier will report fourth-quarter 2018 earnings figures on Jan 24.
Shares of Azul, Spirit and ArcBest have gained 21.1%, 24.5% and 6%, respectively, in a year.
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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JetBlue's (JBLU) December Traffic Rises, Load Factor Falls
JetBlue Airways Corporation (JBLU - Free Report) reported traffic figures for December 2018. Traffic, measured in revenue passenger miles (RPMs), increased 6.8%year over year to 4.35 billion. Consolidated capacity (or available seat miles/ASMs) expanded 8.5% to 5.35 billion on a year-over-year basis.
However, load factor or percentage of seats filled by passengers contracted 130 basis points (bps) to 81.4% in the month as traffic growth was outpaced by capacity expansion.
This Long Island City, NY-based low-cost carrier registered a completion factor (system wide) of 99.8% with 74.5% flights on schedule.
For the full year, the carrier posted a 7.5% rise in RPMs while ASMs grew 6.9%, both on a year-over-year basis. Also, load factor rose 50 bps to 84.8%.
JetBlue Airways Corporation Price
JetBlue Airways Corporation Price | JetBlue Airways Corporation Quote
Q4 RASM Update
The company now anticipates fourth-quarter revenue per available seat mile (RASM) to climb around 2.4% year over year within the previously guided range of 1.5-3.5%. The view includes 0.3 points adversity due to higher-than-expected completion factor. However, revenue trends during December have been as expected.
Additionally, the carrier expects capacity to expand between 7.5% and 9.5% in the final quarter of 2018. Consolidated operating cost per available seat mile excluding fuel is predicted to dip in the 1.5-3.5% band in the quarter. Meanwhile, fourth-quarter fuel cost, net of hedges, is projected to be $2.48 per gallon.
The carrier will report fourth-quarter 2018 earnings figures on Jan 24.
Zacks Rank & Other Key Picks
JetBlue carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader Transportation sector are Azul (AZUL - Free Report) , Spirit Airlines (SAVE - Free Report) and ArcBest Corporation (ARCB - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Azul, Spirit and ArcBest have gained 21.1%, 24.5% and 6%, respectively, 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 +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X 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>>