The airline reported that traffic increased 5.2% from the year-ago month in February. Capacity increased 6.3% from February 2013. JetBlue's load factor dropped 0.8%, however, as booking couldn't keep up with capacity in the month.
Passenger revenue per available seat mile (PRASM) increased 7% from the year-ago period in February 2014, which includes a positive impact of about one point due to winter storms in the month. For the first quarter the airline expects PRASM to increase between 1% and 2% from the year-ago period.
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TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."