Here's Why Investors Should Retain JetBlue Airways Stock Now

Zacks11-25 21:40

JetBlue Airways’ JBLU proactive cost-cutting initiatives are boosting operational efficiency. Efforts to modernize its fleet are also encouraging. However, the company’s struggle on the top-line front...

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Efforts to modernize its fleet are also encouraging. However, the company’s struggle on the top-line front...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-investors-retain-jetblue-134000656.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1983260115.SGD","symbol_name":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/heres-why-investors-retain-jetblue-134000656.html","article_id":"2486355039","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_7bqAiDeS4cGawqkyMbviw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/fa4387113c971a79d8175ecab9aa5785"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486355039","pubTimestamp":1732542000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"JetBlue Airways’JBLU proactive cost-cutting initiatives are boosting operational efficiency. Efforts to modernize its fleet are also encouraging. However, the company’s struggle on the top-line front is concerning.In the third quarter of 2024, total operating expenses were down by 4.2% year over year. JBLU’s structural cost program has also progressed well over the year, achieving $24 million in savings in the third quarter and year-to-date savings of $169 million.Moreover, JBLU’s JetForward strategy, which focuses on improving service, expanding the Northeast leisure network and managing costs to offer more value, is boosting its prospects. The program is expected to drive an $800-$900 million EBIT uplift by 2027.The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 79.12%. Shares of SKYW have climbed 140.9% in the past year.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","JBLU":"捷蓝航空","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","BK4008":"航空公司","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","BK4585":"ETF&股票定投概念","LU1923622291.USD":"Natixis Thematics Safety R/A USD","WAB":"美国西屋制动","BK4211":"区域性银行","BK4149":"建筑机械与重型卡车","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","BK4588":"碎股","BK4500":"航空公司","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","ISBC":"投资者银行","SKYW":"西空航空","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC"},"translate_title":"这就是为什么投资者现在应该保留捷蓝航空股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WAB":1,"SKYW":1,"ISBC":1,"JBLU":1},"content_text":"JetBlue Airways’ JBLU proactive cost-cutting initiatives are boosting operational efficiency. Efforts to modernize its fleet are also encouraging. However, the company’s struggle on the top-line front is concerning.\nFactors Favoring JBLU\nIn the third quarter of 2024, total operating expenses were down by 4.2% year over year. JBLU’s structural cost program has also progressed well over the year, achieving $24 million in savings in the third quarter and year-to-date savings of $169 million.Moreover, JBLU’s JetForward strategy, which focuses on improving service, expanding the Northeast leisure network and managing costs to offer more value, is boosting its prospects. The program is expected to drive an $800-$900 million EBIT uplift by 2027.\nThe company’s fleet modernization efforts are commendable, having received six A220 aircraft in the third quarter of 2024, with seven more expected in the fourth quarter of 2024, bringing the total to 27 for the year. The fleet upgrade program, which was increased from $75 million to $100 million, has saved $95 million by avoiding engine maintenance on the older E190 fleet. These savings will continue until the full retirement of the E190s in 2025. JBLU plans to spend around $450 million in the fourth and $1.6 billion for the year, reflecting strong investment in fleet expansion and modernization.\nOwing to such tailwinds, JBLU shares have risen 25.6% year over year compared with the industry’s growth of 17.9% in the same period.\nImage Source: Zacks Investment Research\nJBLU: Key Risks to Watch\nJetBlue's top line is suffering due to a 2% decline in consolidated traffic (measured in revenue passenger miles) to 14.49 billion in the third quarter of 2024. Capacity (measured in available seat miles) declined 3.6% to 16.74 billion.\nIn the third quarter of 2024, interest expenses rose 89% year over year. The company’s high debt levels are concerning.\nImage Source: Zacks Investment Research\nJBLU’s Zacks Rank\nJBLU currently carries a Zacks Rank #3 (Hold).\nStocks to Consider \nInvestors interested in the Zacks Transportation sector may consider Westinghouse Air Brake Technologies WAB and SkyWest SKYW.\nWestinghouse Air Brake Technologies currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.  WAB has an expected earnings growth rate of 2.01% for the current year.\nThe company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average beat of 9.46%. Shares of WAB have risen 70.6% in the past year.\nSkyWest currently sports a Zacks Rank #1 and has an expected earnings growth rate of 4.07% for the current year.\nThe company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 79.12%. Shares of SKYW have climbed 140.9% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nJetBlue Airways Corporation (JBLU) : Free Stock Analysis Report\nSkyWest, Inc. (SKYW) : Free Stock Analysis Report\nWestinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486355039"}