JetBlue Airwaysの空売り状況は、投資家がJetBlue Airwaysの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

JetBlue Airways (NASDAQ:JBLU) 株価情報, 空売り情報

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.

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JBLU

投資家の恐怖指数が向上250ポイントの大幅上昇を記録

JetBlue Airways Corporation - Common Stock

JetBlue Airways Corp

Goldman Sachs <a href="https://www.benzinga.com/insights/analyst-ratings/24/11/42004767/breaking-down-united-airlines-holdings-11-analysts-share-their-views">has resumed coverage</a> of nine airlines and gave a broad overview of the year ahead for the airline sector. Here's a look at the winners and losers in the industry.
The Details: Goldman Sachs analyst Catherine O'Brien said the firm expects supply constraints to continue for the airlines into 2025. She sees mixed stock performance ahead, with the airlines exposed to premium and corporate demand outperforming the sector. 
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/41993328/trump-media-insiders-sell-more-than-16-million-in-djt-stock">Trump Media Insiders Sell More Than $16 Million In DJT Stock</a>
ALK: The firm resumed coverage of Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) with a Buy rating and a $70 price target on the stock. The analyst pointed to the airline's exposure to the West Coast corporate travel demand, which has begun to recover significantly. 
She also noted Alaska Air's improving interisland profitability and sees upside ahead related to synergies from the acquisition of Hawaiian Airlines.&nbsp;
DAL: Goldman Sachs resumed coverage of Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) as a Buy with an $83 price target, representing 28% upside to the stock's current levels. The firm said its Buy rating is underpinned by Delta's growth in loyalty revenue, which is driven partly by its long-term credit card agreement with American Express. 
O&#8217;Brien also highlighted the airline's exposure to passenger demand for premium services and its competitors exiting key cities where Delta continues to operate.&nbsp;
UAL: O&#8217;Brien forecasted United Airlines Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NYSE">UAL</a>) to end 2024 with margins at nearly pre-pandemic levels and noted this as the highest rate of recovery among the firm's airline coverage. The Goldman Sachs analyst also highlighted United as among the best positioned to serve the increasing premium and corporate consumer demand.&nbsp;
Goldman Sachs resumed coverage on United Airlines with a Buy rating and a $119 price target, representing 31% upside to the stock's current level.&nbsp;
JBLU: The firm resumed coverage on shares of JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Sell rating and a $5.50 price target. O'Brien pointed to capacity restraints resulting from aircraft grounded for required maintenance and air traffic control staffing shortages in New York City, where the airline has a large hub. The analyst said that both issues are out of management's control and expects both to continue through the short term.&nbsp;
LUV: The Goldman Sachs analyst resumed coverage on Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) shares with a Sell rating and announced a $28 price target. O'Brien said Southwest's product <a href="https://www.benzinga.com/insights/analyst-ratings/24/11/42004766/beyond-the-numbers-9-analysts-discuss-southwest-airlines-stock">and network</a> are not aligned with the increasing demand for premium air services, putting it at a disadvantage in the current market.&nbsp;
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Image: VanderWolf from Shutterstock

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Delta, United, Alaska Air Are Top Analyst Picks In Airline Sector

Goldman Sachs analyst Catherine O'Brien reinstates JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Sell and announces $5.5 price target.

Initiation

Goldman Sachs Reinstates Sell on JetBlue Airways, Announces $5.5 Price Target

In the last three months, 7 analysts have published ratings on JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">6</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $6.39, a high estimate of $7.75, and a low estimate of $5.00. Marking an increase of 28.83%, the current average surpasses the previous average price target of $4.96. 
<img src="https://www.benzinga.com/files/images/story/2024/1731614417_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of JetBlue Airways among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below 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>Brandon Oglenski</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$7.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Stephen Trent</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$7.75</td>
<td>$6.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$7.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Duane Pfennigwerth</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$5.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Stephen Trent</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$6.00</td>
<td>$5.75</td>
</tr>
<tr>
<td>Andrew Didora</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$6.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$6.00</td>
<td>$5.00</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: Understanding forecasts, analysts offer estimates for JetBlue Airways's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of JetBlue Airways's market position. Stay informed and make well-judged decisions with the assistance of 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>
<h2>All You Need to Know About JetBlue Airways</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>Unraveling the Financial Story of JetBlue Airways</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: JetBlue Airways's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 0.51%. This signifies a substantial increase 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: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -2.54%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): JetBlue Airways's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.25%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): JetBlue Airways's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.39%, the company may face hurdles in achieving optimal financial returns.
Debt Management: JetBlue Airways's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 3.34.
<h2>Analyst Ratings: Simplified</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically 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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For JetBlue Airways

Barclays analyst Brandon Oglenski maintains JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Underweight and raises the price target from $5 to $7.

Barclays Maintains Underweight on JetBlue Airways, Raises Price Target to $7

U.S. stocks were slightly lower, with the Dow Jones index falling around 0.1% on Thursday.
Shares of Hillenbrand, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) rose sharply in today's session following <a href="https://www.benzinga.com/quote/HI/earnings">upbeat quarterly results</a>.
Hillenbrand reported quarterly earnings of $1.01 per share which beat the analyst consensus estimate of 92 cents per share. The company reported quarterly sales of $837.60 million which beat the analyst consensus estimate of $792.98 million.
Hillenbrand shares surged 14.7% to $34.60 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AC Immune SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIU#NASDAQ">ACIU</a>) gained 18% to $3.6844 after the company announced interim safety and immunogenicity data from the Phase 2 VacSYn clinical trial evaluating ACI-7104.056 for the treatment of patients with early Parkinson&#8217;s disease.</li>
<li>NextNav Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) gained 16.8% to $15.85 after the company reported better-than-expected quarterly financial results.</li>
<li>DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) shares jumped 16.1% to $10.50 after the company reported better-than-expected third-quarter revenue results.</li>
<li>Oscar Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) rose 14.6% to $15.44.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSHA#NASDAQ">TSHA</a>) gained 14.4% to $2.5300 following third-quarter results.</li>
<li>Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) shares rose 13.9% to $36.41 after the company reported better-than-expected quarterly financial results.</li>
<li>Tapestry, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) gained 11.2% to $57.00 after the company announced plans for an additional $2 billion share repurchase program.</li>
<li>Spire Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPIR#NYSE">SPIR</a>) rose 10.9% to $14.91. Spire Global agreed to sell its maritime business to Kpler for roughly $241 million.</li>
<li>Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) gained 9.2% to $93.69.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) climbed 9.1% to $27.28.</li>
<li>Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) gained 8.9% to $44.60 following third-quarter results.</li>
<li>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 8.8% to $111.75 following upbeat earnings.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) gained 6.3% to $7.38.</li>
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Intraday Update

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Hillenbrand Posts Better-Than-Expected Earnings, Joins Beazer Homes, Tapestry, Walt Disney And Other Big Stocks Moving Higher On Thursday

WIIM

Jetblue shares are trading higher after it was announced that a proposed Spirit Airlines merger with Frontier Airlines fell through and it could file for bankruptcy.

U.S. stocks were mixed, with the Nasdaq Composite falling around 50 points on Wednesday.
Shares of Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) rose sharply in today's session after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance <a href="https://www.benzinga.com/quote/PAY/earnings">above estimates</a>.
Also, Baird maintained an Outperform rating on the stock and raised its price target from $25 to $36.
Paymentus Holdings shares jumped 23.8% to $32.97 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Jet.AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares surged 56% to $10.36. Jet.AI's board approved $2 million share repurchase program through 2025 and announced withdrawal of S-1 registration.</li>
<li>Dave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) shares jumped 46.8% to $92.19 after the company reported better-than-expected third-quarter adjusted EPS results and raised its FY24 sales guidance.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 36% to $19.93 after the company reported better-than-expected quarterly financial results. The company also announced a multi-launch agreement with a confidential commercial satellite constellation operator and was awarded a federal defense contract worth up to $8 million.</li>
<li>Paragon 28, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNA#NYSE">FNA</a>) rose 34.8% to $10.20 following third-quarter results.</li>
<li>The Honest Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) gained 28.3% to $6.16 after the company reported better-than-expected quarterly sales results.</li>
<li>Organogenesis Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGO#NASDAQ">ORGO</a>) gained 27.5% to $4.4000 following third-quarter results.</li>
<li>Altus Power, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) gained 21.5% to $3.7788 after the company reported better-than-expected quarterly EPS and sales.</li>
<li>Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) gained 20% to $162.15 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) gained 15.3% to $12.19 after the company announced a joint venture launch with Volkswagen for a total deal size worth up to $5.8 billion.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) rose 15.3% to $7.28.</li>
<li>Tower Semiconductor Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) gained 11.8% to $48.22 after the company reported better-than-expected quarterly financial results.</li>
<li>James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) rose 9.9% to $34.93.</li>
<li>CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) gained 9.1% to $158.26 after the company reported better-than-expected third-quarter financial results and raised its FY24 net new restaurant openings outlook and same sales growth.</li>
<li>Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>) rose 7.1% to $110.09.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) gained 6.9% to $448.39 following third-quarter earnings.</li>
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Paymentus Posts Better-Than-Expected Earnings, Joins Dave, Honest Company, Natera, CAVA Group And Other Big Stocks Moving Higher On Wednesday

Shares of Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) plunged by 62.73% in after-hours and closed nearly 5.29% lower at $3.22 apiece on Tuesday after the company failed to file its earnings for the quarter ended September 2024. The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could "lead to the cancellation of the Company's existing equity."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="244" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1024x244.png" alt="" class="wp-image-644695" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1024x244.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-300x71.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-768x183.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1536x366.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines.png 1738w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
What Happened: The budget airline is in discussion with its noteholders for potential bankruptcy or out-of-court restructuring that has been underway for months. This comes after Spirit&#8217;s effort to merge with Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) and its takeover by JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) fell out.
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Why It Matters: As the ultra-discount airline&#8217;s efforts to save itself fail, its equity holders may suffer because of the cancellation of shares. However, the company&#8217;s statement indicates that the plan that it is trying to negotiate would not hamper general unsecured creditors, employees, customers, vendors, suppliers, aircraft lessors, or the holders of its secured debt backed by aircraft.
The bondholders include the owners of about $1 billion, 8% coupon loyalty bonds which are due 2025 and $500 million in unsecured convertible bonds due 2026. This former debt is backed by claims on elements of the company's frequent-flyer program.
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Price Action: The shares of Spirit Airlines have underperformed the NYSE Composite on a year-to-date basis as it has fallen by 80.31%, whereas the index gave a 17.88% return in the same period. The relative strength index at 40.79 shows that the stock is neither overbought nor oversold.
The consensus estimates of all the 12 analysts tracking the stock as per Nasdaq, is a &#8220;sell&#8221; with an average price target is $2.13 apiece.
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Spirit Airlines Nears Bankruptcy, Creditors May Approve Equity 'Cancellation:' Here's What It Means For Investors As Shares Fall With A Thud

<a href="https://www.bloomberg.com/news/articles/2024-11-12/jetblue-american-hint-at-revived-partnership-despite-court-loss">https://www.bloomberg.com/news/articles/2024-11-12/jetblue-american-hint-at-revived-partnership-despite-court-loss</a>
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American Airlines Group Inc. and JetBlue Airways Corp. still want to team up in the Northeastern US after an earlier pact was scuttled by US courts.
American Chief Executive Officer Robert Isom and JetBlue President Marty St. George on Tuesday each hinted that a new partnership was still possible, even after a federal appeals court last week <a href="https://www.bloomberg.com/news/articles/2024-11-08/american-jetblue-alliance-breakup-upheld-by-appeals-court">upheld</a> an earlier finding that their Northeast Alliance violated antitrust laws and had to be dismantled.

'JetBlue, American Hint At Revived Partnership Despite Court Loss' - Bloomberg News

American Airlines, JetBlue Suspend Flights To Haiti Through Thursday After Spirit Airlines Flight Hit By Gunfire

<a href="https://news.bloomberglaw.com/health-law-and-business/american-jetblue-alliance-breakup-upheld-by-appeals-court">https://news.bloomberglaw.com/health-law-and-business/american-jetblue-alliance-breakup-upheld-by-appeals-court</a>
<ul>
<li>Decision affirms ruling that ended airline partnership</li>
<li>American Airlines had appealed, arguing court misapplied law</li>
</ul>
A partnership between American Airlines Group Inc. and JetBlue Airways Corp. violated US antitrust law, an appeals court ruled, affirming a lower court decision to end the alliance.
In a unanimous <a href="https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rXwJ_Vy85PrU/v0">decision</a>, a three-judge panel on the 1st US Circuit Court of Appeals in Boston said Friday that the airline alliance harmed consumers by reducing their choices for flights from airports in the Northeast US including New York City.
"Presented with an arrangement that had many of the essential attributes of an agreement between two powerful competitors sharing revenues and divvying up highly concentrated markets, the district court conducted ...
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Legal

'American-JetBlue Alliance Breakup Upheld By Appeals Court' - Bloomberg Law

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Shares of travel and tourism-related stocks are trading higher. Market participants may be reacting to the US presidential election and its impact of consumer spending and the tourism industry.

JetBlue Airways's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NYSE">JBLU</a>) short percent of float has fallen 5.83% since its last report. The company recently reported that it has 50.81 million shares sold short, which is 21.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>JetBlue Airways Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730825121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for JetBlue Airways has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing JetBlue Airways's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, JetBlue Airways's peer group average for short interest as a percentage of float is 11.23%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into JetBlue Airways's Recent Short Interest

JetBlue Reveals Official Launch Of Service Between New York's John F. Kennedy International Airport And Bonaire's Flamingo International Airport

Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares have been volatile in recent sessions, gaining sharply last week after the announcement of a <a href="https://www.benzinga.com/markets/equities/24/10/41545453/whats-going-on-with-spirit-airlines-stock-friday">significant transaction</a> and an update on its financial performance. 
What To Know: In an SEC filing <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001498710/0421d62b-34a7-490a-bfc5-f62c6333ed1e.html">last week</a>, the budget airline disclosed that it had entered into a binding term sheet with GA Telesis for the sale of 23 A320ceo/A321ceo aircraft, valued at approximately $519 million. 
The delivery of these aircraft is set to begin in October 2024 and will continue through February 2025, contingent upon the execution of definitive documentation and customary conditions.
This move is expected to provide a much-needed boost to Spirit&#8217;s liquidity, with the airline estimating that the net proceeds from the aircraft sale, along with the discharge of associated debt, will enhance its financial position by about $225 million through the end of 2025. 
Such an infusion of capital comes at a critical time for Spirit, as the company grapples with a challenging financial landscape characterized by increased operational costs and a substantial debt load of $3.3 billion.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/10/41625460/super-micro-computer-stock-dives-as-auditor-resigns-whats-going-on">Super Micro Computer Stock Dives As Auditor Resigns: What&#8217;s Going On?</a>
What Else: Adding to investor optimism, Spirit Airlines recently provided preliminary estimates for its third quarter of 2024, revealing that the estimated adjusted operating margin will be approximately 300 basis points higher than previously anticipated. 
This improvement is attributed to stronger-than-expected revenue growth stemming from the company&#8217;s ongoing transformation initiatives. However, Spirit&#8217;s outlook for 2025 reflects a more cautious approach, with capacity projected to decrease in the mid-teens percentage range.
This reduction is due to a combination of factors, including the recent aircraft sale, ongoing removal of neo aircraft from service because of Pratt &amp; Whitney engine availability issues, and the retirement of its remaining A319ceo aircraft. On a brighter note, the company plans to introduce six new A321neo aircraft into its fleet.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/10/41622207/eli-lilly-q3-earnings-mounjaro-sales-more-than-double-takes-2-98-billion-hit-to-profit-cuts-annua">Eli Lilly Q3 Earnings: Mounjaro Sales More Than Double, Takes $2.98 Billion Hit To Profit, Cuts Annual Outlook, Stock Tanks</a>
What&#8217;s Next: To support its pathway to profitability, Spirit Airlines has identified about $80 million in annualized cost reductions, which are expected to begin in early 2025. These reductions primarily involve workforce cuts aligned with anticipated flight volumes. 
The company is also actively engaged in discussions with holders of its senior secured notes due 2025 and convertible senior notes due 2026, indicating a proactive approach to managing its debt obligations.
The airline&#8217;s stock has been volatile in 2024, largely due to operational disruptions from an engine recall and regulatory setbacks surrounding its proposed acquisition of JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>). Moreover, Spirit has missed analysts&#8217; expectations on both revenue and earnings in its last two quarterly reports.
Recent reports suggest that Spirit Airlines is <a href="https://www.benzinga.com/news/24/10/41457620/why-spirit-airlines-save-stock-is-moving">exploring potential bankruptcy options</a>, a move that underscores the financial pressures the company is facing. However, the airline says it remains committed to bolstering its liquidity and addressing its debt load, anticipating over $1 billion in liquidity by the end of 2024.
This figure encompasses unrestricted cash, cash equivalents and short-term investment securities, contingent upon the successful execution of ongoing initiatives.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41623984/us-economy-grows-less-than-expected-in-q3-yet-private-employment-soars-by-233-000">US Economy Grows Less Than Expected In Q3, Yet Private Employment Soars By 233,000 In October</a>
<h2 class="wp-block-heading">How To Buy SAVE Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Spirit Airlines&#8217; case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, SAVE has a 52-week high of $17.02 and a 52-week low of $1.40.

What's Going On With Spirit Airlines (SAVE) Stock?

<h3>Gainers</h3>
<ul>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) stock rose 18.2% to $6.87 during Tuesday's regular session. The company's market cap stands at $5.2 million. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares increased by 14.68% to $0.54. The company's market cap stands at $13.7 million. </li>
<li>SKK Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKK#NASDAQ">SKK</a>) shares increased by 10.71% to $5.81. The company's market cap stands at $90.8 million. </li>
<li>VCI Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>) shares moved upwards by 10.57% to $0.08. The market value of their outstanding shares is at $12.8 million. </li>
<li>ZJK Industrial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJK#NASDAQ">ZJK</a>) shares moved upwards by 10.44% to $4.96. The market value of their outstanding shares is at $303.7 million. </li>
<li>Eshallgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) shares rose 10.16% to $2.6. The company's market cap stands at $56.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock fell 66.5% to $0.42 during Tuesday's regular session. </li>
<li>Primega Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) stock fell 37.18% to $12.0. The company's market cap stands at $288.0 million. </li>
<li>Janus Intl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) stock decreased by 29.99% to $7.22. The market value of their outstanding shares is at $1.0 billion. The company's, Q3 earnings came out today. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) stock declined by 18.07% to $0.48. The market value of their outstanding shares is at $2.0 million. </li>
<li>JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares decreased by 16.47% to $6.12. The market value of their outstanding shares is at $2.1 billion. As per the press release, Q3 earnings came out today. </li>
<li>Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) stock decreased by 15.34% to $6.16. The market value of their outstanding shares is at $1.3 billion. The company's, Q3 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Intraday Session

Jetblue CEO Says We Are Not Interested In Revisiting Spirit Airlines Acquisition; Says Would Consider Spirit Assets That May Be Sold

Ursula Hurley, JetBlue's chief financial officer. "To help support our runway to execute on our JetForward strategy, we've also taken steps to bolster our liquidity position through strategic financing efforts. As I look to next year, I remain confident we have the right foundation to begin delivering results on our $800 - $900 million EBIT (1) target."

Guidance

JetBlue Targeting $800M-$900M In Incremental EBIT From 2025-2027

Jetblue CEO Says There Is Still Significant Work Ahead On Our Path To Full-Year Operating Profitability; As We Head Into 2025, We Remain Confident In The Underlying Supply And Demand Backdrop

JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) stock slipped after the company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41595226/jetblue-announces-third-quarter-2024-results" rel="noreferrer noopener">third-quarter results</a>.
The air carrier reported an adjusted loss per share of $0.16, beating the consensus loss of $0.26 and compared to a $0.39 loss reported a year ago.
JetBlue reported operating revenue of $2.365 billion, up 0.51% year over year and beating the consensus of $2.34 billion. Third-quarter system capacity decreased by 3.6% year over year.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/41416572" rel="noreferrer noopener">Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match</a>
The operating margin for the quarter improved by 5 points to negative 1.6% from negative 6.6% a year ago, and the adjusted operating margin stood at negative 0.4%, up from negative 5.2% last year.
Operating expenses for the quarter declined by 4.2% to $2.403 billion, while the operating expenses per available seat mile (CASM) declined 0.7% YoY.
Operating expenses per available seat mile, excluding fuel, other non-airline operating expenses, and special items, increased 4.8% year-over-year.
JBLU&#8217;s Average fuel price in the third quarter was $2.67 per gallon, down from $3.04 a year ago.
The airline ended the quarter with ~$4.1 billion in liquidity, excluding an undrawn $600 million revolving credit facility.
JBLU delivered improved operational performance year-over-year with a completion factor of 98%, up from 96% YoY.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41545501/trouble-for-us-airlines-china-demand-slump-boeing-strike-global-carriers-shifting-focus" rel="noreferrer noopener">Trouble For US Airlines: China Demand Slump, Boeing Strike, Global Carriers Shifting Focus</a>
During the quarter, JBLU also signed an agreement with World Fuel Services and Valero Energy to supply New York&#8217;s first ongoing sustainable aviation fuel, starting in 2024.
&#8220;Our number one goal remains returning to operating profitability, and growing our unit revenue is imperative to reach operating profitability. As underlying trends from the&nbsp;third quarter&nbsp;have broadly continued into the&nbsp;fourth quarter&nbsp;so far, we expect unit revenue growth to remain positive and sequentially consistent when adjusting for the CrowdStrike benefit in the&nbsp;third quarter&nbsp;and the negative impacts of Hurricane Milton and the election in the&nbsp;fourth quarter. As we look to 2025, I am encouraged by the backdrop for our revenue performance to continue improving, particularly as additional JetForward initiatives begin yielding benefits,&#8221; commented Marty St. George, JetBlue&#8217;s president.
JetBlue CFO Ursula Hurley highlighted the five-point third-quarter operating margin improvement, driven by stronger revenue, operational gains, and lower fuel costs. Hurley confirmed progress on the full-year CASM ex-fuel target, with strategic financing bolstering liquidity for the JetForward strategy. She expressed confidence in achieving the 2024 EBIT target of $800–$900 million.
Q4 Guidance: JetBlue anticipates a year-over-year revenue drop 7% to 3%; Available Seat Miles (ASMs) to decrease by 7% to 4% YoY.
CASM ex-fuel is projected to rise 13% to 15%, and the expected fuel price per gallon is between $2.50 &#8211; $2.65.
Related Read: <a target="_blank" href="https://www.benzinga.com//node/41523606" rel="noreferrer noopener">Southwest Shares Drop Despite Strong Earnings, Elliott Deal: CEO Warns Of Boeing Delivery Delays If Strike Continues</a>
2024 Guidance, updated: JetBlue anticipates a year-over-year revenue drop of 5% &#8211; 4% (prior 6% &#8211; 4%); Available Seat Miles (ASMs) are expected to decrease by 4.5% &#8211; 2.5% (prior view 5% &#8211; 2.5% YoY)
2024 CASM ex-fuel is expected to increase by 7% &#8211; 8% (prior 6.5% &#8211; 8.5%); the projected fuel price per gallon is between $2.75 &#8211; $2.80.
Price Action: JBLU shares are trading lower by 14.2% to $6.28 at the last check Tuesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41588907/airline-stocks-climb-as-oil-prices-drop-whats-going-on" target="_blank" rel="noreferrer noopener">Airline Stocks Climb As Oil Prices Drop: What&#8217;sWhat&#8217;s Going On?</a></li>
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JetBlue Q3 Revenue Stagnant, Expects Q4 Revenue Decline, Says Primary Goal Remains Returning To Operating Profit

Spirit Airlines begins bankruptcy proceedings amid financial woes

Spirit Airlines Flies Closer To Bankruptcy With Prospective Shareholder Wipeout

Bearish flow noted in JetBlue (JBLU) with 6,468 puts trading, or 5x expected. Most active are 11/22 weekly 6.5 puts and Jan-25 7 calls, with total ...

JetBlue put volume heavy and directionally bearish

Spirit Airlines ($SAVE) announced on Monday that it has filed for bankruptcy protection. The low-budget airline stated that it has entered into a r...

Spirit Airlines (NYSE:SAVE) Files for Bankruptcy

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Spirit reached an agreement with bondholders to restructure its balance sheet and reduce debt. It expects to emerge from chapter 11 in Q1 2025.

Spirit Airlines Files For Bankruptcy, To Delist From NYSE

I recently traveled to both San Francisco and Miami. So, I decided to see if there were any transportation-related stocks with a decent dividend – and I did find one non-US-based airline: Copa Holdings SA (CPA).

CPA: A Higher-Yielding Airline In A Group Not Known For Juicy Dividends

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Spain consumer regulator fines Ryanair for charging extra fees for hand luggage, seating

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Press Releases

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

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Aether Fuels Signs MOU with JetBlue

JetBlue Expands Caribbean Network with Flights to St. Vincent and the Grenadines Taking Off Today

JetBlue Announces Webcast of Third Quarter 2024 Earnings Conference Call

JetBlue Brings Annual "Fly Like a Girl" Event to Boston as Part of Commitment to New England

Go Long (Island): JetBlue Flights from Islip Take Off Today

JetBlue Announces Third Quarter 2024 Results

From NYC to the ABCs: JetBlue Begins More Caribbean Service with Flights to Bonaire

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