We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
JetBlue Airways Corporation | NASDAQ:JBLU | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.215 | 3.85% | 5.80 | 5.79 | 5.84 | 5.87 | 5.59 | 5.69 | 12,541,875 | 22:40:54 |
JetBlue Airways Corp. said its third-quarter profit edged higher as passenger traffic increased and fuel costs remained low.
But the primarily domestic low-fare carrier also said it expects a measure of costs to rise in the fourth quarter between 4.5% and 6.5%, including a negative impact from Hurricane Matthew.
Shares declined 1.6% premarket.
The New York-Based carrier reported that passenger traffic increased 7.6%, while capacity grew 6.3% and the percentage seats filled—or load factor—grew to 86.3%, a 1 point increase from last year. However, passenger unit revenue—a measure of sales per seat flown a mile—fell roughly 5.9% to 13.20 cents.
Like its larger rivals, JetBlue has seen its revenue pressured by weak fares, while profit has benefited from low fuel costs. For the quarter ending in September, the realized fuel price was $1.48 a gallon, 20% below the price for the prior year. However, the airline said it expects fuel prices to rise to $1.63 in the current quarter.
Over all for the third quarter. JetBlue reported a profit of $199 million, or 58 cents a share, compared with $198 million, or 58 cents, a year earlier. Revenue rose 10% to $1.73 billion.
Analysts had forecast earnings of 60 cents on $1.73 billion in revenue.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
October 25, 2016 09:35 ET (13:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year JetBlue Airways Chart |
1 Month JetBlue Airways Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions