NEW YORK (TheStreet) -- JetBlue (JBLU) shares are up 4.6% to $12.69 following a forecast that U.S. airlines will experience a 1.5% increase in flyers during the Thanksgiving holiday season this year.
The trade group Airlines for America said that U.S. airlines will ferry 24.6 million passengers during the 12-day period stretching from from November 21 through December 2, with the busiest day being November 30, the Sunday after Thanksgiving.
Airlines for America expects there to be a daily increase of 31,000 more airline passengers each day during the holiday season this year.
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TheStreet has further coverage of JetBlue stock's movement today here.
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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."