Evercore ISI raised the firm's price target on JetBlue to $6 from $5 and keeps an In Line rating on the shares. Across the firm's airlines and lodging coverage, the analyst believes the post-election demand pickup was "quicker and stronger vs. initial expectations" and that the compressed period between Thanksgiving and peak Holidays, combined with a dose of late-year corporate travel, also likely contributed to stronger outcomes, says the analyst as the firm adjusting airline estimates and rolling its price targets to a 2026 basis.
Department of Transportation denounces ‘unrealistic' JetBlue schedules in yet another setback for the airline
JetBlue, which did not admit liability, criticized the Transportation Department for a persistent lack of adequate air traffic control staffing.
The Department of Transportation is investigating other airlines, too, as it cracks down on repeated flight delays.
The U.S. Transportation Department has imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed flights on domestic routes - the first time it has imposed such a fine on an airline for the prohibited scheduling practice.
The U.S. Department of Transportation imposed a $2 million fine on JetBlue Airways for "operating multiple chronically delayed flights." The DOT is also investigating other airlines.
The Department of Transportation fined JetBlue Airways $2 million for repeated delays on four routes, crediting it $1 million for past and future passenger compensation. The DOT said the fine was the first of its kind.
JetBlue (JBLU) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Jetblue Airways gets sell rating, more bearish than today's analyst consensus. Future upside may be driven by macro-level travel demand and GDP strength, along with more cost-effective routes and aircraft. This airline is 7th in US market share while also having negative cashflow, very high debt/equity vs peers, and negative profit margin.
JBLU benefits from strong passenger volumes. High labor costs are hurting the company's bottom line.
JetBlue plans to add first-class seats on its Airbus planes that don't include lie-flat Mint class. The seats will be in a two-by-two configuration.
JetBlue Airways (JBLU -2.13%), which has been something of a survivor in its tough industry, was a favorite airline stock over the past few trading sessions. The company's most recent market-moving news had to do with its fundamentals, and investors showed their appreciation by trading it up handsomely.