JetBlue Airways Corporation (JBLU) Releases Earnings Results, Beats Expectations By $0.06 EPS

JetBlue Airways Corporation (JBLU) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.53. The company posted revenue of $1616.00 million in the period, compared to analysts expectations of $1617.26 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on JetBlue Airways Corporation. Shares were Upgraded by Barclays on Apr 15, 2016 to ” Overweight” and Lowered the Price Target to $ 26 from a previous price target of $29 .Shares were Reiterated by Deutsche Bank on Apr 1, 2016 to “Buy” and Lowered the Price Target to $ 31 from a previous price target of $32 .

JetBlue Airways Corporation closed down -0.09 points or -0.44% at $20.44 with 61,87,646 shares getting traded on Friday. Post opening the session at $20.02, the shares hit an intraday low of $19.85 and an intraday high of $20.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Apr 6, 2016, Robin Hayes (CEO and President) sold 5,000 shares at $20.32 per share price. According to the SEC, on Jan 6, 2016, Joel Clinton Peterson (director) sold 5,491 shares at $21.84 per share price. On Nov 3, 2015, James G Hnat (EVP & General Counsel) sold 4,000 shares at $25.35 per share price, according to the Form-4 filing with the securities and exchange commission.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States Caribbean and Latin America. The Company operates Airbus A321 Airbus A320 and EMBRAER 190 aircraft types. The Company’s firm aircraft orders consists of approximately 33 Airbus A321 aircraft 25 Airbus A320 new engine option (A320neo) aircraft 45 Airbus A321 new engine option aircraft 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet which consists of approximately 13 Airbus A321 aircraft 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states the District of Columbia the Commonwealth of Puerto Rico the United States Virgin Islands and 17 countries in the Caribbean and Latin America.

JetBlue Airways Corporation

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