JetBlue Airways (JBLU) Stock Advances on June Traffic
NEW YORK (TheStreet) -- Shares of JetBlue Airways (JBLU) - Get Report are advancing 3.11% to $18.57 in mid-morning trading on Wednesday after reporting that June traffic climbed 11.6% to 3.95 billion revenue passenger miles on a capacity increase of 10.5% to 4.59 billion available seat miles.
June load factor rose to 86.2% from 85.3% for the month, marking the first year-over-year uptick since January.
Preliminary revenue per available seat mile dropped roughly 4.5% from a year ago.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.
JetBlue's strengths such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: JBLU
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.