Why JetBlue Stock Was Lower This Week
Fourth-quarter results from JetBlue Airways (NASDAQ: JBLU) were actually better than Wall Street had feared, but you would never know it from the stock's reaction. Shares of JetBlue traded down 22% for the week as of 1 p.m. Thursday due to the uncertainty about the year ahead for the discount airline.
JetBlue has been flying through turbulence for most of the past year. The government blocked its effort to combine with Spirit Airlines, a deal designed to drive efficiency and open up new markets for JetBlue, leaving the would-be buyer scrambling to chart a new course for growth.
The company lost $0.21 per share in the fourth quarter on revenue of $2.3 billion, topping Wall Street's consensus estimate for a loss of $0.30 per share on sales of $2.26 billion. But the airline forecast available seat miles in the current quarter would be down 2% to 5% from a year ago, and flat for all of 2025.
Source Fool.com
Jetblue Airways Corp. Stock
With 9 Sell predictions and only 1 Buy predictions the community sentiment for Jetblue Airways Corp. is rather negative.
This results in a negative potential of -27.3% based on a current price of 4.13 € and a target price of 3 € for the stock.
