Jetblue Airways Corporation ($JBLU) Stock Forecast: Up 6.5% Today

What is Jetblue Airways Corporation?

JetBlue Airways (NASDAQ: JBLU) is a major American low-cost airline known for its affordable fares and quality service.

Why is Jetblue Airways Corporation going up?

JBLU stock is up 6.5% on Sep 12, 2024 18:41

• Experienced a strong bullish movement.
• Alaska Air (ALK) raised its third-quarter EPS guidance, showing positive sentiment in the industry.
• An analyst upgraded JetBlue's stock due to improving revenue trends and lower fuel costs.
• Improved third-quarter outlook, with lower average fuel costs, contributed to the bullish movement.

JBLU Price Chart

JBLU News

Alaska Air Shares Gain on Bullish Third-Quarter EPS View

ALK raises its third-quarter 2024 adjusted earnings per share guidance to the range of $2.15-$2.25 from the previously guided range of $1.40 to $1.60.

https://www.zacks.com/stock/news/2335441/alaska-air-shares-gain-on-bullish-third-quarter-eps-view

Air Travel Demand and Lower Fuel Costs To Propel JetBlue's Turnaround: Analyst Upgrades Stock - JetBlue Airways ( NASDAQ:JBLU )

BofA Securities analyst Andrew G. Didora upgraded JetBlue Airways Corp JBLU from Underperform to Neutral, setting a price target of $6 from $3. Despite improving revenue trends, Didora acknowledged that JetBlue Airways' balance sheet remains challenged.

https://www.benzinga.com/news/24/09/40779100/air-travel-demand-and-lower-fuel-costs-to-propel-jetblues-turnaround-analyst-upgrades-stock

This United States Steel Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday - JetBlue Airways ( NASDAQ:JBLU ) , ExlService Holdings ( NASDAQ:EXLS )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

https://www.benzinga.com/news/24/09/40773515/this-united-states-steel-analyst-turns-bullish-here-are-top-5-upgrades-for-monday

JetBlue Shares Gain 7.1% on Improved Third-Quarter Outlook

JBLU expects third-quarter 2024 average fuel cost per gallon in the range of $2.70-$2.80 (prior view: $2.82 - $2.97).

https://www.zacks.com/stock/news/2333024/jetblue-shares-gain-71-on-improved-third-quarter-outlook

Strength Seen in Controladora Vuela ( VLRS ) : Can Its 5.5% Jump Turn into More Strength?

Controladora Vuela (VLRS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

https://www.zacks.com/stock/news/2332677/strength-seen-in-controladora-vuela-vlrs-can-its-55-jump-turn-into-more-strength

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Jetblue Airways Corporation Price History

12.08.2024 - JBLU Stock was up 6.5%

• Experienced a strong bullish movement.
• Alaska Air (ALK) raised its third-quarter EPS guidance, showing positive sentiment in the industry.
• An analyst upgraded JetBlue's stock due to improving revenue trends and lower fuel costs.
• Improved third-quarter outlook, with lower average fuel costs, contributed to the bullish movement.

12.08.2024 - JBLU Stock was up 5.5%

• An analyst upgraded JetBlue Airways from Underperform to Neutral, citing increasing air travel demand and lower fuel costs as key factors driving the stock's turnaround.
• JetBlue's improved third-quarter outlook, with a lower average fuel cost per gallon range, contributed to the stock's 7.1% gain.
• The positive sentiment towards JetBlue is also reflected in the stock's performance, as investors are optimistic about the company's potential for growth and profitability in the near future.
• Overall, the bullish movement in JetBlue's stock can be attributed to favorable analyst upgrades, improved financial outlook, and positive market sentiment towards the airline industry.

06.08.2024 - JBLU Stock was down 5.2%

• The decline in JBLU's stock price could be attributed to uncertainties surrounding the broader airline industry's recovery during the ongoing pandemic.
• The upward trend in Controladora Vuela (VLRS) may have shifted investor focus away from JBLU, triggering a sell-off in JBLU shares.
• Limited positive revisions in earnings estimates for VLRS indicate that the initial surge in its stock value might not be sustainable, prompting investors to reassess their positions in the aviation sector.
• Investors are likely exercising caution regarding the future prospects of JBLU and other airlines until there is more clarity on the restoration of regular travel patterns and the general economic rebound.

09.08.2024 - JBLU Stock was up 3.0%

• JetBlue's stock (JBLU) gained 7.1% in a strong bullish movement.
• The positive market sentiment was driven by an improved third-quarter outlook, including lower average fuel costs per gallon.
• Analysts turning bullish on the stock and upgrades in ratings also contributed to the upward movement.
• The sustainability of this strength in the coming days is uncertain, considering the mixed outlook on earnings estimate revisions.

05.07.2024 - JBLU Stock was up 7.6%

• JetBlue Airways (JBLU) experienced a strong bullish movement today, attributed to various factors:
• The company exceeded expectations in Q2 earnings, demonstrating profitability and efficiency from cost-cutting measures.
• The appointment of Jamie Perry as the president of JetBlue Travel Products suggests expansion and diversification in the company's non-air travel services.
• Despite the postponement of A321neo deliveries, JetBlue's resilience and strategic choices have boosted investor confidence, resulting in a positive market sentiment and a rise in the stock price.

01.07.2024 - JBLU Stock was down 8.4%

• JetBlue (JBLU) experienced a bearish movement despite reporting profitable Q2 earnings, driven by cost-cutting measures.
• The wider-than-expected loss for Hawaiian Airlines (HA) in the same industry might have negatively impacted investor sentiment towards airline stocks, including JBLU.
• The deferral of A321neo deliveries by JetBlue could have raised concerns about the airline's future growth prospects, leading to a sell-off in the stock.
• The announcement of the first regular supply of Blended Sustainable Aviation Fuel (SAF) by JetBlue might not have been sufficient to offset broader market concerns and industry challenges, contributing to the bearish trend in JBLU's stock price.

12.07.2024 - JBLU Stock was down 5.6%

• Recently, JetBlue Airways announced a $400 million convertible senior notes offering, leading to a sharp decline in the stock price during pre-market trading.
• The company's plan to offer $400 million of senior notes due 2029 might have raised concerns among investors about its financial position and future growth prospects.
• Discussions about selling high-yield bonds yielding up to 10% could indicate potential financial challenges for JetBlue Airways, further impacting investor sentiment.
• The overall market sentiment, as indicated by the talk of a looming correction and recession indicators flashing red, might have contributed to the bearish movement in JetBlue's stock as investors turn towards safer assets amidst economic uncertainties.

12.07.2024 - JBLU Stock was down 9.4%

• JetBlue Airways experienced a significant bearish movement today due to several factors:
• The announcement of a $400 million convertible senior notes offering and plans to raise more than $3 billion in debt led to downgrades by ratings agencies S&P and Moody’s, causing investor concerns.
• The stock plummeted 16% in morning trade as a result of the debt raise and the potential impact on the company's financial health.
• JetBlue's decision to offer $400 million of senior notes and discussions to sell high-yield bonds yielding up to 10% further added to the negative sentiment surrounding the stock, contributing to the bearish market movement.

13.07.2024 - JBLU Stock was down 11.5%

• JetBlue stock plummeted by 21% due to the announcement of a $400 million senior secured notes offering due in 2029. This led to investor concerns about increased debt levels.
• The market reacted negatively to the news of credit downgrades and debt issuance, indicating a lack of confidence in JetBlue's financial health and future prospects.
• The bearish movement could also be attributed to the broader mixed performance of US equities, with investors possibly shifting focus towards more stable investments amidst market uncertainties.
• The lack of positive catalysts or significant news from JetBlue, coupled with analyst downgrades, further contributed to the downward pressure on JBLU stock.

13.07.2024 - JBLU Stock was down 5.2%

• JetBlue announced a $400 million convertible senior notes offering, which may have raised concerns among investors about the company's financial health, leading to the bearish trend.
• The news of debt issuance and credit downgrades also contributed to the negative sentiment surrounding JetBlue stock, causing a sharp decline in its value.
• The market's reaction to these developments reflects investors' worries about JetBlue's ability to manage its debt and maintain its credit rating, resulting in the substantial drop in stock price.

13.07.2024 - JBLU Stock was down 5.4%

• JetBlue Airways stock plummeted by 21% due to news of debt issuance and credit downgrades, causing a negative sentiment among investors.
• The market movement could be a result of activist pressure the company is facing, which might have further exacerbated the sell-off.
• The pricing of $400 million of 2.50% convertible senior notes due 2029 could have also influenced investor confidence, leading to the bearish trend in the stock price.
• Despite the overall bullish market sentiment with equities ending mixed, JetBlue's specific financial decisions and external pressures seem to have overshadowed any positive market momentum for the company.

15.07.2024 - JBLU Stock was up 5.1%

• JetBlue announced the pricing of $2 billion in senior notes due 2031 and a $765 million senior term loan, indicating a successful financing strategy.
• Despite trading lower the previous day due to a convertible senior notes offering, the stock rebounded strongly today, showcasing resilience in the face of short-term fluctuations.
• The absence of any significant negative news or developments, coupled with the successful pricing of the senior notes, likely contributed to the bullish movement in JBLU stock.
• Investors may be viewing JetBlue favorably amidst a volatile market, appreciating the company's strategic financial decisions and long-term stability.