JetBlue (JBLU) Stock Climbing After Reporting Load Factor for May

NEW YORK (TheStreet) -- Shares of JetBlue Airways Corp  (JBLU) were climbing, slightly up 0.04% to $19.16 in late morning trading Thursday, after the airline reported its load factor for the month of May, according to CNBC.

The carrier's load factor for May showed an improvement, coming in at 85.7%. The figure was 0.5% higher compared to May of last year.

The load factor is a monthly indicator for airlines, compiled by the Air Transport Association. It measures the percentage of available seating capacity that is filled with passengers. 

JetBlue also reported traffic for May improved 8.4% on a capacity increase of 7.8%

Traffic for May rose to 3.47 billion revenue passenger miles from 3.20 billion RPMs last year.

Capacity rose to 4.05 billion available seat miles from 3.76 billion ASMs last year.

Long Island City-based JetBlue Airways is a passenger carrier company that provides air transportation services in the U.S., the Caribbean, and Latin America. 

Separately, TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • JBLU's revenue growth has slightly outpaced the industry average of 3.2%. Since the same quarter one year prior, revenues rose by 12.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 3900.00% and other important driving factors, this stock has surged by 98.44% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, JBLU should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • JETBLUE AIRWAYS CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, JETBLUE AIRWAYS CORP increased its bottom line by earning $1.19 versus $0.51 in the prior year. This year, the market expects an improvement in earnings ($1.75 versus $1.19).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Airlines industry. The net income increased by 3325.0% when compared to the same quarter one year prior, rising from $4.00 million to $137.00 million.
  • You can view the full analysis from the report here: JBLU Ratings Report

If you liked this article you might like

Haters Have an Incredible New Chance to Send the Bull Market in Stocks Crashing

Haters Have an Incredible New Chance to Send the Bull Market in Stocks Crashing

Earnings Season Guessing Games: Cramer's 'Mad Money' Recap (Friday 1/19/18)

Earnings Season Guessing Games: Cramer's 'Mad Money' Recap (Friday 1/19/18)

JetBlue, Southwest, Mondelez International: 'Mad Money' Lightning Round

JetBlue, Southwest, Mondelez International: 'Mad Money' Lightning Round

Advancing Storm Bringing High Winds, Heavy Snow to Northeast Thursday

Advancing Storm Bringing High Winds, Heavy Snow to Northeast Thursday

3 Airlines Ready for Takeoff

3 Airlines Ready for Takeoff