JetBlue Airways (NASDAQ:JBLU) Stock, Quote.Headers.trade-ideas

JetBlue Airways

JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic & Canada, Caribbean & Latin America and Atlantic. Majority of revenue is generated from Domestic & Canada segment.

jetblue shutter

News

Upgrades

Price Target

Analyst Ratings

Movers

JBLU

BofA Securities upgrades JBLU to Neutral, sets $6 PT. Debt transaction could improve liquidity by 90% by 2026. Positive investor update noted.

Air Travel Demand and Lower Fuel Costs To Propel JetBlue&#39;s Turnaround: Analyst Upgrades Stock

Markets

Trading Ideas

EXLS

LGIH

TVTX

This United States Steel Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

starbucks-5460799_1920

Pre-Market Outlook

COST

PDEX

RBLX

SBUX

SMMT

Starbucks To Rally Around 21%? Here Are 10 Top Analyst Forecasts For Monday

JetBlue Airways Corporation - Common Stock

JetBlue Airways Corp

<a href="https://www.globenewswire.com/Tracker?data=F1GncVvisLoFfa7gzyrMMd4OEx35nN5Ip56GA7HoiHoCltyHZgQGc03ToKK5L4t7LzsiP48npkPv16y-f_G9fw==">Aether Fuels</a> (Aether), a venture-backed climate technology company, today announced that it has signed a Memorandum of Understanding (MOU) with <a href="https://www.globenewswire.com/Tracker?data=HCGFciGu0Mrswjb4-pU3hi_auB_XC0ems9UrkHhd38hEAU-a544LVthb0K5HvXVDE-DzVNn_JwQ_zZKLPoNLtA==">JetBlue</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>). Aether has developed a breakthrough technology that utilizes a diverse array of waste feedstocks to produce sustainable liquid fuels at a lower cost and greater scale than existing approaches. The agreement creates a pathway for Aether to supply JetBlue with sustainable aviation fuel (SAF) when commercial production begins. &nbsp;
The MOU extends Aether's relationship with JetBlue that began when its venture capital subsidiary, JetBlue Ventures, invested in <a href="https://www.globenewswire.com/Tracker?data=F1GncVvisLoFfa7gzyrMMSQAqoVxa8op9wXE_U3ecFYlpMzpC_7cs9lPRrZ51S9Lm2tfMI2anhaHLh27j5r5C45v1WfZYvjHqXc8hDCEaWmNtyKa9Lu80qkkhc0-E70lByS9aou_MZaBx6MsXh_JwdYKeRxib_7Z0cRh9RsyfmVpyxNriJdpJfA2AK6wxQrVwUYKJHjBltsmdPPhPxgnMtjeYyPGATQ8HFr0jZcX3KQ=">Aether's convertible note and Series A financings</a>.
Aether's technology, known as <a href="https://www.globenewswire.com/Tracker?data=F1GncVvisLoFfa7gzyrMMYhZcmdJO3dKEJH7JjS31XpkBKaAcpeESDxiRq2zrakMDOLeJjUTRJckBjSAJDKh_ujY2YSjpoWYskbb1tfOK9M=">Aether Aurora</a>&#x2122;, uses a range of waste carbon feedstocks that do not compete with food or feed value chains. This critical "feedstock flexibility" differentiator enables the large-scale deployment of Aether Aurora technology and contributes to the breakthrough economics that are essential for sustainable liquid fuels, by enabling the conversion of numerous abundant waste carbon feedstocks into jet fuel. This overcomes the supply constraints faced by many other SAF production processes that rely on a limited type of often-scarce or cost-constrained feedstocks.

Aether Fuels Signs MOU With JetBlue, Creating A Pathway For Aether To Supply JetBlue With Sustainable Aviation Fuel When Commercial Production Begins

Citigroup analyst Stephen Trent maintains JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Neutral and raises the price target from $5.75 to $6.

Citigroup Maintains Neutral on JetBlue Airways, Raises Price Target to $6

BofA Securities analyst Andrew G. Didora upgraded JetBlue Airways Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) from <a target="_blank" href="https://www.benzinga.com/quote/JBLU/analyst-ratings" rel="noreferrer noopener">Underperform to Neutral</a>, setting a price target of $6 from $3.
Despite improving revenue trends, Didora acknowledged that JetBlue Airways&#8217; balance sheet remains challenged. The re-rating reflects fundamentals and a favorable industry backdrop.
That said, contemplating JetBlue Airways&#8217; <a target="_blank" href="https://www.benzinga.com/news/24/08/40347090/whats-going-on-with-jetblue-shares-tuesday" rel="noreferrer noopener">August debt transaction</a>, Didora forecasted a nearly $3.7 billion liquidity position in 2026, almost 90% above 2019 levels, which he noted provides the company time to execute its turnaround plan.
The price target is 6.0x Didora&#8217;s 2025E EBITDAR, in line with its long-term average. In his prior updates, the analyst returned to an EV/EBITDAR valuation methodology from EV/Sales as losses are decelerating from 2024-2026 at the net earnings level, driven by improving business fundamentals.
Didora noted that air travel demand, as measured by Transportation Security Administration&nbsp;(TSA) throughput, has been stable in recent weeks as domestic capacity continues to moderate, coinciding with falling fuel prices.
While the analyst noted these recent trends as an industry tailwind, he noted JetBlue Airways&#8217; positioning is further supported by ongoing self-help measures, as demonstrated by last week&#8217;s positive investor update.
In last week&#8217;s investor update, JetBlue Airways spoke to improving revenue trends, especially in Latin America, which had posed headwinds earlier this year. The airline also benefits from ongoing revenue initiatives supported by the JetForward plan.
Didora forecasts <a target="_blank" href="https://www.benzinga.com/news/24/09/40735127/why-jetblue-airways-shares-are-trading-higher-today" rel="noreferrer noopener">fiscal third-quarter</a> and fiscal 2024 unit revenues of +4.2% and +0.5% from his previous +0.9%and -1.2% and flow through the latest fuel curve. The analyst raised his third-quarter, fiscal 2024 and fiscal 2025 EPS estimates to $(0.17), $(0.65), $(0.26) from $(0.49), $(1.26) and $(0.94) previously.
Price Action: JBLU stock is up 8.77% at $5.77 at the last check on Monday.
Photo via Shutterstock

Air Travel Demand and Lower Fuel Costs To Propel JetBlue's Turnaround: Analyst Upgrades Stock

WIIM

JetBlue Airways shares are trading higher after B of A Securities upgraded the stock from Underperform to Neutral and raised its price target from $3 to $6.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5aabc09cb023000001cb8b57/bill-peterson">JP Morgan analyst Bill Peterson</a> upgraded the rating for United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) from Neutral to Overweight and raised the price target from $40 to $42. United States Steel shares gained 4.3% to close at $31.27 on Friday. <a href="https://www.benzinga.com/quote/SXBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities analyst Andrew Didora upgraded JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) from Underperform to Neutral and boosted the price target from $3 to $6. JetBlue shares fell 1.7% to close at $5.30 on Friday. <a href="https://www.benzinga.com/quote/JBLU/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5bf40c1b211e20000180f340/surinder-thind">Jefferies analyst Surinder Thind</a> upgraded the rating for ExlService Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXLS#NASDAQ">EXLS</a>) from Hold to Buy, while increasing the price target from $35 to $42. ExlService shares fell 0.6% to close at $35.49 on Friday. <a href="https://www.benzinga.com/quote/EXLS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim analyst Vamil Divan upgraded the rating for Travere Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVTX#NASDAQ">TVTX</a>) from Neutral to Buy and announced a price target of $25. Travere Therapeutics shares gained 10.6% to close at $10.98 on Friday. <a href="https://www.benzinga.com/quote/TVTX/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5967569b988ca8000127b8db/jay-mccanless">Wedbush analyst Jay McCanless </a>upgraded LGI Homes, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) from Underperform to Neutral and raised the price target from $97 to $125. LGI Homes shares gained 0.8% to close at $104.80 on Friday. <a href="https://www.benzinga.com/quote/LGIH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying X stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091541/image-71-1024x512.png" alt="" class="wp-image-537461" style="width:620px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091541/image-71-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091541/image-71-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091541/image-71-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09091541/image-71.png 1330w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More:<a href="https://www.benzinga.com/markets/equities/24/09/40767657/s-p-500-records-largest-weekly-decline-since-march-2023-as-nvidia-google-tumble-fear-greed-index"> </a>
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40767657/s-p-500-records-largest-weekly-decline-since-march-2023-as-nvidia-google-tumble-fear-greed-index">S&amp;P 500 Records Largest Weekly Decline Since March 2023 As Nvidia, Google Tumble: Fear &amp; Greed Index Moves To &#8216;Fear&#8217; Zone</a></li>
</ul>

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Ascendiant Capital raised the price target for Pro-Dex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDEX#NASDAQ">PDEX</a>) from $28 to $30. Ascendiant Capital analyst Edward Woo maintained a Buy rating. Pro-Dex shares gained 4.2% to close at $23.28 on Friday. <a href="https://www.benzinga.com/quote/PDEX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. boosted the price target for Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) from $16 to $30. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Buy rating. Summit Therapeutics shares fell 1.8% to close at $12.27 on Friday. <a href="https://www.benzinga.com/quote/MEI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) price target from $40 to $42. JP Morgan analyst Bill Peterson upgraded the stock from Neutral to Overweight. United States Steel shares gained 4.3% to close at $31.27 on Friday. <a href="https://www.benzinga.com/quote/SMMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) price target from $855 to $950. Morgan Stanley analyst Simeon Gutman maintained an Overweight rating. Costco shares fell 1.1% to close at $876.68 on Friday. <a href="https://www.benzinga.com/quote/COST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush boosted the price target for LGI Homes, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) from $97 to $125. Wedbush analyst Jay McCanless upgraded the stock from Underperform to Neutral. LGI Homes shares rose 0.8% to close at $104.80 on Friday. <a href="https://www.benzinga.com/quote/LGIH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BTIG increased Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) price target from $47 to $51. BTIG analyst Clark Lampen maintained a Buy rating. Roblox shares fell 0.2% to close at $43.64 on Friday. <a href="https://www.benzinga.com/quote/RBLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) price target from $3 to $6. B of A Securities analyst Andrew Didora upgraded the stock from Underperform to Neutral. JetBlue shares fell 1.7% to close at $5.30 on Friday. S<a href="https://www.benzinga.com/quote/JBLU/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Deutsche Bank increased the price target for Colgate-Palmolive Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) from $107 to $109. Deutsche Bank analyst Steve Powers downgraded the stock from Buy to Hold. Colgate-Palmolive shares fell 0.6% to close at $107.86 on Friday. See how other analysts view this stock.</li>
<li>JP Morgan boosted Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) price target from $170 to $174. JP Morgan analyst Bill Peterson upgraded the stock from Neutral to Overweight. Nucor shares fell 0.6% to close at $138.79 on Friday. <a href="https://www.benzinga.com/quote/NUE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital boosted Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) price target from $100 to $110. BMO Capital analyst Andrew Strelzik maintained an Outperform rating. Starbucks shares fell 0.5% to close at $91.15 on Friday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SBUX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09085953/image-70-1024x506.png" alt="" class="wp-image-537416" style="width:621px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09085953/image-70-1024x506.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09085953/image-70-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09085953/image-70-768x380.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/09085953/image-70.png 1368w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

B of A Securities analyst Andrew Didora upgrades JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) from Underperform to Neutral and raises the price target from $3 to $6.

B of A Securities Upgrades JetBlue Airways to Neutral, Raises Price Target to $6

JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $5.25, a high estimate of $6.00, and a low estimate of $4.00. The current average, unchanged from the previous average price target, holds steady. 
<img src="https://www.benzinga.com/files/images/story/2024/1725638442_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive JetBlue Airways. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$6.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$6.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$4.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to JetBlue Airways. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of JetBlue Airways compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for JetBlue Airways's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into JetBlue Airways's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/JBLU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on JetBlue Airways analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering JetBlue Airways: A Closer Look</h2>
JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic &amp; Canada, Caribbean &amp; Latin America and Atlantic. Majority of revenue is generated from Domestic &amp; Canada segment.
<h3>JetBlue Airways's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, JetBlue Airways faced challenges, resulting in a decline of approximately -6.97% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: JetBlue Airways's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 1.03%, the company may face hurdles in effective cost management.
Return on Equity (ROE): JetBlue Airways's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.94%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): JetBlue Airways's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.18%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 2.23, JetBlue Airways adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing JetBlue Airways: Insights From 4 Financial Analysts

TD Cowen analyst Helane Becker maintains JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Hold and raises the price target from $5 to $6.

TD Cowen Maintains Hold on JetBlue Airways, Raises Price Target to $6

Shares of JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) are trading higher following the company's revised third-quarter revenue expectations. Here&#8217;s <a href="https://www.benzinga.com/news/24/09/40726478/jetblue-says-operational-performance-over-the-summer-travel-season-improved-yy-as-evidenced-by-impro">a detailed breakdown</a>:
<h3 class="wp-block-heading">Why Is the Stock Moving?</h3>
JetBlue raised its third-quarter 2024 revenue outlook, driven by improved operational performance and stronger bookings. The company now expects third-quarter revenue to fall between -2.5% to +1.0% year-over-year, which is an improvement from the previous forecast of -5.5% to -1.5%. Key contributors to this upgrade include:
<ul>
<li>Improved on-time performance during the summer travel season, which saw a ten-point increase year-over-year.</li>
<li>Increased bookings, particularly in the Latin American region.</li>
<li>Additional revenue from re-accommodating passengers affected by other airlines&#8217; cancellations due to technology outages in July.</li>
</ul>
<h3 class="wp-block-heading">Operational Updates</h3>
<ul>
<li>JetBlue expects grounded aircraft to be in the mid-to-high teens in 2025 due to Pratt &amp; Whitney engine issues.</li>
<li>Capacity growth is expected to be flat year-over-year in 2025, with the focus on: A220 deliveries, which offer 90% more premium seats and 30% lower unit costs compared to the outgoing E190 aircraft and simplifying the fleet to only two types, the A220 and A320 family by 2025, improving efficiency.</li>
</ul>
JBLU Price Action: JetBlue Airways shares were up by 8.35% at $5.44 according to <a href="https://pro.benzinga.com/dashboard">benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent090524&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05113748/JBLU-1024x544.png" alt="" class="wp-image-532374" style="width:427px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05113748/JBLU-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05113748/JBLU-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05113748/JBLU-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/05113748/JBLU.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40734406/why-is-ast-spacemobile-stock-is-plummeting-on-thursday">Why Is AST SpaceMobile Stock Is Plummeting On Thursday?</a></li>
</ul>
JetBlue Photo via Wikimedia.

Why JetBlue Airways Shares Are Trading Higher Today

JetBlue shares are trading higher after the company raised its Q3 revenue expectations.

Prioritizing A220 deliveries, which have 90% more premium seats and deliver 30% lower unit costs, on average, vs. E190s exiting our fleet.
E190 to exit fleet by end of 2025, simplifying to two fleet types A220 &amp; A320 family.
&nbsp;

Guidance

JetBlue Expects ~Flat Y/Y Capacity Growth In 2025

JetBlue Expects Grounded Aircraft, On Average, To Be In The Mid-to-high Teens In 2025 For Pratt & Whitney

JetBlue&#39;s revenue performance quarter-to-date was benefited by several factors, including improving in-month bookings, particularly in the Latin region, and continued progress from its previously announced $300 million worth of revenue initiatives. The Company also recognized revenue uplift from the re-accommodation of customers affected by other airlines&#39; cancellations due to technology outages in July.

JetBlue Now Expects Q3 Revenue Of (2.5%) - 1.0% Vs Prior Outlook (5.5%) - (1.5%)

Mehta was also elected to Timken&#39;s Board of Directors.

JetBlue Says Operational Performance Over The Summer Travel Season Improved Y/Y, As Evidenced By Improvement To On-time Performance By Approximately Ten Points

SAVE

ULCC

U.S. Department of Transportation Says U.S. Airlines Have Canceled 1.6% Of Flights This Year, Below Pre-Pandemic Levels As Summer Travel Hits New Record

<a href="https://x.com/CanBorder/status/1825931256208474318" title="https://x.com/CanBorder/status/1825931256208474318">https://x.com/CanBorder/status/1825931256208474318</a>

Canada Border Services Agency Post On X, "There is currently a partial systems outage impacting airports. We are working with partners on fixing the issue. We apologize for any inconvenience this outage may cause and thank you for your patience."

JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $5.38, a high estimate of $6.50, and a low estimate of $4.00. This current average has decreased by 5.94% from the previous average price target of $5.72. 
<img src="https://www.benzinga.com/files/images/story/2024/1723744826_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive JetBlue Airways. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$6.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$4.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Stephen Trent</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$6.50</td>
<td>$6.90</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to JetBlue Airways. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of JetBlue Airways compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of JetBlue Airways's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into JetBlue Airways's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/JBLU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on JetBlue Airways analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering JetBlue Airways: A Closer Look</h2>
JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic &amp; Canada, Caribbean &amp; Latin America and Atlantic. Majority of revenue is generated from Domestic &amp; Canada segment.
<h3>JetBlue Airways's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, JetBlue Airways faced challenges, resulting in a decline of approximately -6.97% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: JetBlue Airways's net margin is impressive, surpassing industry averages. With a net margin of 1.03%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): JetBlue Airways's ROE stands out, surpassing industry averages. With an impressive ROE of 0.94%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): JetBlue Airways's ROA excels beyond industry benchmarks, reaching 0.18%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 2.23.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 4 Ratings For JetBlue Airways

TD Cowen analyst Helane Becker maintains JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Hold and lowers the price target from $6 to $5.

TD Cowen Maintains Hold on JetBlue Airways, Lowers Price Target to $5

JetBlue Airways Announced That Jetblue And Jetblue Loyalty, Priced Their $2.0B Aggregate Principal Amount Of 9.875% Senior Secured Notes Due 2031 And $765M Senior Secured Term Loan B Due 2029

JetBlue Airways ($JBLU) investor, Vladimir Galkin, a Florida entrepreneur, has increased his stake in the airline to 9.98%, making him its third-la...

JetBlue's (NASDAQ:JBLU) Third-Largest Investor Vladimir Galkin Explores Board Role

JetBlue gains after BofA moved off a bear rating

Air fares perked up in August, but were still lower than a year ago

Citi analyst Stephen Trent maintained a Hold rating on JetBlue Airways (JBLU – Research Report) today. The company's shares closed yesterday at $5....

Citi Reaffirms Their Hold Rating on JetBlue Airways (JBLU)

United Airlines ($UAL) has announced a significant move by partnering with Elon Musk‘s Starlink to offer in-flight internet services across its fle...

United Airlines (NYSE:UAL) Inks Deal with Musk's Starlink for In-Flight Internet

Airlines are expected to benefit from lower jet fuel prices to different degrees

JetBlue Airways ( ($JBLU) ) has issued an announcement. JetBlue Airways Corporation has announced the departure of board member B. Ben Baldanza and...

JetBlue Board Changes: Menke Joins, Baldanza Departs

Delta Air Lines' ($DAL) stock remains a Buy despite oversupply issues and the fallout from a recent computer outage. A strong balance sheet, reason...

Here's Why Delta Air Lines' (NYSE:DAL) Stock Can Fly Higher

Analyst Stephen Trent from Citi maintained a Hold rating on JetBlue Airways (JBLU – Research Report) and increased the price target to $6.00 from $...

Maintaining Hold on JetBlue Airways Amid Stock Appreciation and Moderate Growth Prospects

In a report released today, Brandon Oglenski from Barclays assigned a Sell rating to JetBlue Airways (JBLU – Research Report), with a price target ...

JetBlue Airways (JBLU) Gets a Sell from Barclays

ALGT

CRWD

JETS

MESA

SKYW

SNCY

Press Releases

JetBlue Announces Pricing of $400 Million Convertible Senior Notes Offering

JetBlue Announces Pricing of $2,000 Million Senior Secured Notes Offering and $765 Million Term Loan

As Puerto Rico's Largest Airline, JetBlue Partners with Little Free Library® to Bring Beloved 'Soar with Reading' Initiative to the Island

JetBlue Skates into New Partnership with UBS Arena & the New York Islanders

JetBlue Flights from Boston to Presque Isle Take Off Today

Sean Menke Named to JetBlue's Board of Directors

JetBlue and Cape Air Enhance Long-Standing Codeshare with Loyalty Benefits

JetBlue Plans to Introduce Airport Lounges as It Expands Premium Offerings and Perks for Loyal Customers

Contracts

General

Aether Fuels Signs MOU with JetBlue

American Airlines Group, Inc. - Common Stock

American Airlines Gr

Allegiant Travel

Alaska Air Gr

Azul S.A. American Depositary Shares (each representing three preferred shares)

Azul

Blade Air Mobility, Inc. - Class A Common Stock

Blade Air Mobility

Copa Holdings

Delta Air Lines

flyExclusive

Joby Aviation

Jet AI

LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock)

LATAM Airlines Group

Southwest Airlines

Mesa Air Gr

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares

Ryanair Hldgs

Spirit Airlines

SkyWest

Sun Country Airlines Holdings, Inc. - Common Stock

Sun Country Airlines

Volato Group

Surf Air Mobility

United Airlines Holdings, Inc. - Common Stock

United Airlines Holdings

Frontier Group Holdings, Inc. - Common Stock

Frontier Group Holdings

Wheels Up Experience Inc. Class A Common Stock

Wheels Up Experience

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

JetBlue Airways

JetBlue Airways (JBLU) Forecast

JetBlue Airways (NASDAQ:JBLU) Stock, Quote.Headers.trade-ideas