10.33 +0.02 (0.19%)
After hours: 7:59PM EDT
|Bid||10.30 x 40700|
|Ask||10.35 x 800|
|Day's range||10.02 - 10.51|
|52-week range||6.61 - 21.65|
|Beta (5Y monthly)||1.36|
|PE ratio (TTM)||11.62|
|Earnings date||21 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||10.42|
Airlines are starting to see a slight rise in bookings, but air travel remains down about 90%, prompting speculation about which carriers might go under. JetBlue Airways CEO Robin Hayes admits he doesn’t know how quickly air travel will recover from the coronavirus outbreak, and no matter what, his will be a smaller airline. Hayes, however, is confident that all large airlines in the U.S. will survive.
Major U.S. airlines are cutting worker hours and encouraging employees to take voluntary leave or early retirement.
Delta and JetBlue have already received a portion of $25 billion in CARES Act money meant to protect airline workers' jobs and pay rates until Sept. 30 as the industry weathers a severe business slump during the coronavirus crisis. Delta is set to receive $5.4 billion and JetBlue $935 million. "You should not take one penny more of bailout funds unless you are prepared to protect your workers' jobs, pay and benefits," 13 senators including Elizabeth Warren and Kamala Harris, all Democrats, wrote to the airlines in two letters.
JetBlue Airways on Thursday defended itself against accusations from a group of Democratic senators who called out the air carrier out for cutting wages and hours.
U.S. states are starting to reopen and airlines expect an increase in domestic travel over the extended holiday weekend for Memorial Day on Monday. While data shows only a small fraction of recent flights were more than 70% full, there may soon be full or near-full planes, said Airlines for America, a trade group representing major U.S. airlines. Major airlines have mandated face coverings for travelers and are taking a layered approach to safety.
The summer travel season is a big revenue generator for U.S. airlines but the coronavirus threatens the carriers and risk assessment firm RapidRatings warns American Airlines is the most at risk of going bankrupt.
JetBlue (NASDAQ: JBLU) today announced it will extend through the July 4 holiday its commitment to seat distancing by blocking middle seats in rows where parties are not traveling together. The policy, part of the airline’s multi-layered "Safety from the Ground Up" program, comes as the airline is also set to roll out temperature monitoring for its flight and inflight crewmembers and electrostatic aircraft fogging in June.
Airlines have been hit hard by the COVID-19 pandemic, sending stocks crashing down and causing Warren Buffett to run for the emergency exits. During a May 12 television interview, CEO David Calhoun said a "major U.S. carrier" will "most likely" go out of business this year, predicting an extended decline in travel.
Hilton's CFO Kevin Jacobs weighs in on the outlook for hotels struggling from the COVID-19 pandemic.
What happened Has sentiment finally turned in favor of airline stocks? The sector enjoyed another day in the green on Friday, buoyed by improving optimism as states begin to reopen. And carriers got through earnings reporting season without any major disasters.
JetBlue Airways (NASDAQ: JBLU) on Thursday morning joined a parade of airlines reporting first quarter losses and warning the second quarter will be even worse. The Motley Fool recommends JetBlue Airways.
Under a delivery schedule set on May 7, JetBlue said it now plans to receive a total of 40 Airbus SE <AIR.PA> jets through 2022, down from 61 that filings show it had contracted over that time period as of last year. JetBlue shares rose 4.9 percent. Since cases of the novel coronavirus began accelerating in March, U.S air travel demand has sunk by about 95%, forcing airlines to shift their focus from growth plans to parking planes and minimizing their daily cash burn.
JetBlue (NASDAQ: JBLU) today launched JetBlue Healthcare Hero, which will honor 100,000 healthcare workers with roundtrip flight certificates for two to anywhere JetBlue flies.
Airline shares are under pressure again on Monday after Warren Buffett over the weekend announced that Berkshire Hathaway has dumped its sizable positions in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and United Airlines Holdings (NASDAQ: UAL), walking away from the industry completely. Shares of Delta, American, and United all opened down more than 14%, while Southwest was off 9.3%.
JetBlue (JBLU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
No one seems to be buying airlines, cruise stocks, and movie theater chains these days, but there are bright spots even in the darkest industries.
Escalating operating expenses and COVID-19 led decline in travel demand are likely to get reflected on JetBlue (JBLU) first-quarter 2020 results
American Airlines, Delta Air Lines and United Airlines said Thursday they will soon require passengers to cover their faces during flights, following the lead of JetBlue Airways. Most flights are nearly empty these days — air travel is down 95% from a year ago, and the average domestic flight has 17 passengers, according to industry figures. In some cases, airlines created the crowds by canceling other flights and packing passengers onto fewer planes.
What happened Many airline stocks have lost more than half of their value this year, as the COVID-19 pandemic has caused global air travel demand to evaporate and left carriers scrambling to cut costs to survive.