SAVE - JetBlue Airways Has A Lot Riding On Upcoming Earnings
2024-07-26 04:43:59 ET
Summary
- JetBlue Airways stock has outperformed the S&P 500 since January, up 13.4%.
- The company's revenue and profitability metrics declined in the first quarter of 2024 fiscal year, which is a cause for concern.
- Management is focusing on cost-cutting initiatives and revenue growth to improve operations and financial performance.
- For now, shares are decently attractive, but this picture could change when new data comes out.
The last article that I wrote that was dedicated to JetBlue Airways ( JBLU ) was published in late January of this year. At that time, I was assessing the situation regarding that company and Spirit Airlines ( SAVE ) as uncertainty started to grow regarding the feasibility of the merger between the two companies closing. Ultimately, the merger did fail because of regulatory concerns. And since my article in January, shares of JetBlue Airways have performed nicely. Since my article in which I rated the company a ‘buy’, the stock is up 13.4%. That's a bit better than the 11.8% rise seen by the S&P 500....
JetBlue Airways Has A Lot Riding On Upcoming Earnings