JP Morgan Lowers Estimates on JetBlue

“JetBlue Airways Corporation JBLU June RASM of 8% fell toward the low end of guidance, implying 2Q RASM of 13.4% (recall, previous guidance 13-15% range) vs. our 15% estimate. Holding other inputs constant, this reduces our 2QE EPS from $0.13 to $0.11 vs. consensus of $0.10,” JP Morgan wrote in a report this morning. “Accordingly, our FY11E EPS moves from $0.45 to $0.42 vs. consensus of $0.37. No change to our price target or Overweight rating.” JetBlue closed Wednesday at $5.66.
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Posted In: Analyst RatingsAirlinesIndustrialsJetBlueJP Morgan
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