Loading...
Loading...
Gary Kaminsky said on CNBC's Fast Money that airlines industry has changed the way it operate, and companies in the space are being run like profitable businesses should be run. He added that it is unclear if they are going to continue to operate in this way and not add insufficient unprofitable additional capacity.
Right now the industry is capable of dealing with rising energy prices and for the first time in the last ten years it is earning a decent return on invested capital.
Gary Kaminsky believes that JetBlue Airways Corporation
JBLU will have great results in 2011 if it continues to operate in the way it currently operates. He thinks that it is important for JBLU to avoid price wars.
JetBlue (
JBLU) fell 1.26% today, and closed at $7.05.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in