Intrinsic value of JetBlue Airways - JBLU

Previous Close

$19.84

  Intrinsic Value

$30.40

stock screener

  Rating & Target

str. buy

+53%

Previous close

$19.84

 
Intrinsic value

$30.40

 
Up/down potential

+53%

 
Rating

str. buy

We calculate the intrinsic value of JBLU stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.80
  5.72
  5.65
  5.58
  5.52
  5.47
  5.43
  5.38
  5.34
  5.31
  5.28
  5.25
  5.23
  5.20
  5.18
  5.16
  5.15
  5.13
  5.12
  5.11
  5.10
  5.09
  5.08
  5.07
  5.06
  5.06
  5.05
  5.05
  5.04
  5.04
Revenue, $m
  7,422
  7,846
  8,290
  8,752
  9,236
  9,741
  10,270
  10,823
  11,401
  12,006
  12,640
  13,304
  13,999
  14,728
  15,491
  16,291
  17,130
  18,009
  18,931
  19,898
  20,913
  21,976
  23,093
  24,264
  25,492
  26,781
  28,134
  29,554
  31,044
  32,608
Variable operating expenses, $m
  5,952
  6,293
  6,648
  7,019
  7,407
  7,813
  8,236
  8,680
  9,144
  9,629
  10,137
  10,670
  11,227
  11,812
  12,424
  13,065
  13,738
  14,443
  15,183
  15,958
  16,772
  17,625
  18,520
  19,459
  20,445
  21,479
  22,564
  23,702
  24,898
  26,152
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  5,952
  6,293
  6,648
  7,019
  7,407
  7,813
  8,236
  8,680
  9,144
  9,629
  10,137
  10,670
  11,227
  11,812
  12,424
  13,065
  13,738
  14,443
  15,183
  15,958
  16,772
  17,625
  18,520
  19,459
  20,445
  21,479
  22,564
  23,702
  24,898
  26,152
Operating income, $m
  1,470
  1,554
  1,641
  1,733
  1,829
  1,929
  2,033
  2,143
  2,257
  2,377
  2,503
  2,634
  2,772
  2,916
  3,067
  3,226
  3,392
  3,566
  3,748
  3,940
  4,141
  4,351
  4,572
  4,804
  5,047
  5,303
  5,571
  5,852
  6,147
  6,456
EBITDA, $m
  2,280
  2,410
  2,547
  2,689
  2,837
  2,993
  3,155
  3,325
  3,502
  3,688
  3,883
  4,087
  4,301
  4,524
  4,759
  5,005
  5,262
  5,532
  5,816
  6,113
  6,424
  6,751
  7,094
  7,454
  7,831
  8,227
  8,643
  9,079
  9,537
  10,017
Interest expense (income), $m
  0
  89
  110
  132
  156
  180
  205
  231
  259
  288
  318
  350
  383
  417
  454
  492
  532
  573
  617
  663
  711
  762
  815
  870
  929
  990
  1,054
  1,121
  1,192
  1,266
  1,344
Earnings before tax, $m
  1,381
  1,443
  1,509
  1,577
  1,649
  1,724
  1,802
  1,884
  1,970
  2,059
  2,153
  2,251
  2,354
  2,462
  2,575
  2,694
  2,818
  2,949
  3,085
  3,229
  3,379
  3,537
  3,702
  3,876
  4,058
  4,249
  4,449
  4,660
  4,881
  5,113
Tax expense, $m
  373
  390
  407
  426
  445
  465
  487
  509
  532
  556
  581
  608
  636
  665
  695
  727
  761
  796
  833
  872
  912
  955
  1,000
  1,046
  1,096
  1,147
  1,201
  1,258
  1,318
  1,380
Net income, $m
  1,008
  1,054
  1,102
  1,152
  1,204
  1,258
  1,316
  1,375
  1,438
  1,503
  1,572
  1,644
  1,719
  1,798
  1,880
  1,967
  2,057
  2,152
  2,252
  2,357
  2,467
  2,582
  2,702
  2,829
  2,962
  3,102
  3,248
  3,402
  3,563
  3,732

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  10,351
  10,943
  11,561
  12,207
  12,881
  13,586
  14,323
  15,094
  15,901
  16,745
  17,629
  18,555
  19,525
  20,541
  21,605
  22,721
  23,891
  25,117
  26,403
  27,752
  29,167
  30,651
  32,207
  33,840
  35,554
  37,352
  39,239
  41,219
  43,297
  45,479
Adjusted assets (=assets-cash), $m
  10,351
  10,943
  11,561
  12,207
  12,881
  13,586
  14,323
  15,094
  15,901
  16,745
  17,629
  18,555
  19,525
  20,541
  21,605
  22,721
  23,891
  25,117
  26,403
  27,752
  29,167
  30,651
  32,207
  33,840
  35,554
  37,352
  39,239
  41,219
  43,297
  45,479
Revenue / Adjusted assets
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
  0.717
Average production assets, $m
  8,105
  8,568
  9,052
  9,558
  10,086
  10,638
  11,215
  11,818
  12,450
  13,111
  13,803
  14,528
  15,287
  16,083
  16,916
  17,790
  18,706
  19,666
  20,673
  21,729
  22,836
  23,998
  25,217
  26,496
  27,838
  29,245
  30,723
  32,273
  33,900
  35,608
Working capital, $m
  -341
  -361
  -381
  -403
  -425
  -448
  -472
  -498
  -524
  -552
  -581
  -612
  -644
  -677
  -713
  -749
  -788
  -828
  -871
  -915
  -962
  -1,011
  -1,062
  -1,116
  -1,173
  -1,232
  -1,294
  -1,359
  -1,428
  -1,500
Total debt, $m
  1,490
  1,789
  2,102
  2,429
  2,770
  3,127
  3,500
  3,890
  4,298
  4,725
  5,172
  5,641
  6,132
  6,646
  7,184
  7,749
  8,341
  8,961
  9,612
  10,295
  11,010
  11,761
  12,549
  13,375
  14,242
  15,152
  16,107
  17,109
  18,161
  19,264
Total liabilities, $m
  5,238
  5,537
  5,850
  6,177
  6,518
  6,875
  7,248
  7,638
  8,046
  8,473
  8,920
  9,389
  9,880
  10,394
  10,932
  11,497
  12,089
  12,709
  13,360
  14,043
  14,758
  15,509
  16,297
  17,123
  17,990
  18,900
  19,855
  20,857
  21,909
  23,012
Total equity, $m
  5,114
  5,406
  5,711
  6,030
  6,363
  6,712
  7,076
  7,457
  7,855
  8,272
  8,709
  9,166
  9,645
  10,147
  10,673
  11,224
  11,802
  12,408
  13,043
  13,710
  14,408
  15,141
  15,910
  16,717
  17,564
  18,452
  19,384
  20,362
  21,389
  22,466
Total liabilities and equity, $m
  10,352
  10,943
  11,561
  12,207
  12,881
  13,587
  14,324
  15,095
  15,901
  16,745
  17,629
  18,555
  19,525
  20,541
  21,605
  22,721
  23,891
  25,117
  26,403
  27,753
  29,166
  30,650
  32,207
  33,840
  35,554
  37,352
  39,239
  41,219
  43,298
  45,478
Debt-to-equity ratio
  0.290
  0.330
  0.370
  0.400
  0.440
  0.470
  0.490
  0.520
  0.550
  0.570
  0.590
  0.620
  0.640
  0.650
  0.670
  0.690
  0.710
  0.720
  0.740
  0.750
  0.760
  0.780
  0.790
  0.800
  0.810
  0.820
  0.830
  0.840
  0.850
  0.860
Adjusted equity ratio
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494
  0.494

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,008
  1,054
  1,102
  1,152
  1,204
  1,258
  1,316
  1,375
  1,438
  1,503
  1,572
  1,644
  1,719
  1,798
  1,880
  1,967
  2,057
  2,152
  2,252
  2,357
  2,467
  2,582
  2,702
  2,829
  2,962
  3,102
  3,248
  3,402
  3,563
  3,732
Depreciation, amort., depletion, $m
  810
  857
  905
  956
  1,009
  1,064
  1,121
  1,182
  1,245
  1,311
  1,380
  1,453
  1,529
  1,608
  1,692
  1,779
  1,871
  1,967
  2,067
  2,173
  2,284
  2,400
  2,522
  2,650
  2,784
  2,925
  3,072
  3,227
  3,390
  3,561
Funds from operations, $m
  1,818
  1,910
  2,007
  2,107
  2,212
  2,322
  2,437
  2,557
  2,683
  2,814
  2,952
  3,096
  3,247
  3,406
  3,572
  3,746
  3,928
  4,119
  4,320
  4,530
  4,750
  4,982
  5,224
  5,479
  5,746
  6,026
  6,320
  6,629
  6,953
  7,293
Change in working capital, $m
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -27
  -28
  -29
  -31
  -32
  -34
  -35
  -37
  -39
  -40
  -42
  -44
  -47
  -49
  -51
  -54
  -57
  -59
  -62
  -65
  -69
  -72
Cash from operations, $m
  1,837
  1,930
  2,027
  2,129
  2,235
  2,345
  2,461
  2,583
  2,709
  2,842
  2,981
  3,127
  3,279
  3,439
  3,607
  3,782
  3,966
  4,160
  4,362
  4,574
  4,797
  5,030
  5,276
  5,533
  5,802
  6,085
  6,383
  6,694
  7,022
  7,365
Maintenance CAPEX, $m
  -766
  -810
  -857
  -905
  -956
  -1,009
  -1,064
  -1,121
  -1,182
  -1,245
  -1,311
  -1,380
  -1,453
  -1,529
  -1,608
  -1,692
  -1,779
  -1,871
  -1,967
  -2,067
  -2,173
  -2,284
  -2,400
  -2,522
  -2,650
  -2,784
  -2,925
  -3,072
  -3,227
  -3,390
New CAPEX, $m
  -445
  -464
  -484
  -505
  -528
  -552
  -577
  -604
  -632
  -661
  -692
  -725
  -759
  -795
  -834
  -874
  -916
  -960
  -1,007
  -1,056
  -1,108
  -1,162
  -1,219
  -1,279
  -1,342
  -1,408
  -1,477
  -1,550
  -1,627
  -1,708
Cash from investing activities, $m
  -1,211
  -1,274
  -1,341
  -1,410
  -1,484
  -1,561
  -1,641
  -1,725
  -1,814
  -1,906
  -2,003
  -2,105
  -2,212
  -2,324
  -2,442
  -2,566
  -2,695
  -2,831
  -2,974
  -3,123
  -3,281
  -3,446
  -3,619
  -3,801
  -3,992
  -4,192
  -4,402
  -4,622
  -4,854
  -5,098
Free cash flow, $m
  626
  656
  686
  718
  751
  785
  820
  857
  896
  936
  978
  1,022
  1,067
  1,115
  1,165
  1,217
  1,272
  1,329
  1,388
  1,451
  1,516
  1,585
  1,657
  1,732
  1,811
  1,894
  1,981
  2,072
  2,167
  2,267
Issuance/(repayment) of debt, $m
  291
  300
  313
  327
  341
  357
  373
  390
  408
  427
  447
  468
  491
  514
  539
  565
  592
  621
  651
  682
  716
  751
  788
  826
  867
  910
  955
  1,002
  1,052
  1,104
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  291
  300
  313
  327
  341
  357
  373
  390
  408
  427
  447
  468
  491
  514
  539
  565
  592
  621
  651
  682
  716
  751
  788
  826
  867
  910
  955
  1,002
  1,052
  1,104
Total cash flow (excl. dividends), $m
  917
  956
  999
  1,045
  1,092
  1,142
  1,193
  1,248
  1,304
  1,363
  1,425
  1,490
  1,558
  1,629
  1,704
  1,782
  1,864
  1,949
  2,039
  2,133
  2,232
  2,336
  2,445
  2,559
  2,678
  2,804
  2,935
  3,074
  3,219
  3,371
Retained Cash Flow (-), $m
  -280
  -292
  -305
  -319
  -333
  -348
  -364
  -381
  -399
  -417
  -437
  -457
  -479
  -502
  -526
  -551
  -578
  -606
  -635
  -666
  -699
  -733
  -769
  -807
  -847
  -888
  -932
  -978
  -1,027
  -1,078
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  28
  30
  31
  33
  35
  37
  39
  41
  43
  46
  48
  51
  53
  56
  59
  62
  65
  69
  72
  76
  80
  84
  88
  92
  97
  102
  107
  113
  118
  124
Cash available for distribution, $m
  638
  663
  694
  726
  759
  793
  829
  867
  906
  946
  989
  1,033
  1,079
  1,127
  1,178
  1,231
  1,286
  1,343
  1,404
  1,467
  1,533
  1,603
  1,676
  1,752
  1,832
  1,915
  2,003
  2,095
  2,192
  2,293
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  611
  607
  604
  598
  588
  576
  560
  542
  520
  496
  469
  441
  410
  378
  346
  313
  280
  247
  216
  186
  159
  133
  110
  89
  71
  56
  43
  32
  24
  17
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, the Caribbean and Latin America. Its segments include Domestic, and Caribbean & Latin America. It operates various kinds of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. As of December 31, 2016, Mint included 16 fully lie-flat seats, four of which were in suites with a privacy door. The Company also provides Fly-Fi in-flight Internet service across its Airbus fleet. It provides its customers a choice to purchase tickets from three branded fares, which include Blue, Blue Plus and Blue Flex. Each of these fare include different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. As of December 31, 2016, its Airbus A321 aircraft in a single cabin layout had 200 seats and those with Mint premium service had a seating capacity of 159 seats.

FINANCIAL RATIOS  of  JetBlue Airways (JBLU)

Valuation Ratios
P/E Ratio 8.8
Price to Sales 1
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 4.1
Price to Free Cash Flow 10.8
Growth Rates
Sales Growth Rate 3.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 7.4%
Cap. Spend. - 3 Yr. Gr. Rate 9.7%
Financial Strength
Quick Ratio 5
Current Ratio 0
LT Debt to Equity 29.8%
Total Debt to Equity 34.5%
Interest Coverage 0
Management Effectiveness
Return On Assets 8.4%
Ret/ On Assets - 3 Yr. Avg. 7.3%
Return On Total Capital 14.5%
Ret/ On T. Cap. - 3 Yr. Avg. 12.3%
Return On Equity 21%
Return On Equity - 3 Yr. Avg. 20.6%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 70.7%
Gross Margin - 3 Yr. Avg. 63.2%
EBITDA Margin 24.3%
EBITDA Margin - 3 Yr. Avg. 21%
Operating Margin 19.8%
Oper. Margin - 3 Yr. Avg. 17.2%
Pre-Tax Margin 18.3%
Pre-Tax Margin - 3 Yr. Avg. 15.4%
Net Profit Margin 11.4%
Net Profit Margin - 3 Yr. Avg. 9.6%
Effective Tax Rate 37.6%
Eff/ Tax Rate - 3 Yr. Avg. 37.2%
Payout Ratio 0%

JBLU stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the JBLU stock intrinsic value calculation we used $7015 million for the last fiscal year's total revenue generated by JetBlue Airways. The default revenue input number comes from 2017 income statement of JetBlue Airways. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our JBLU stock valuation model: a) initial revenue growth rate of 5.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for JBLU is calculated based on our internal credit rating of JetBlue Airways, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of JetBlue Airways.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of JBLU stock the variable cost ratio is equal to 80.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for JBLU stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.4% for JetBlue Airways.

Corporate tax rate of 27% is the nominal tax rate for JetBlue Airways. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the JBLU stock is equal to 0.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for JBLU are equal to 109.2%.

Life of production assets of 10 years is the average useful life of capital assets used in JetBlue Airways operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for JBLU is equal to -4.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $4834 million for JetBlue Airways - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 321 million for JetBlue Airways is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of JetBlue Airways at the current share price and the inputted number of shares is $6.4 billion.

RELATED COMPANIES Price Int.Val. Rating
SAVE Spirit Airline 40.28 89.87  str.buy
LUV Southwest Airl 53.43 57.59  hold
ALGT Allegiant Trav 144.20 292.53  str.buy
HA Hawaiian Holdi 37.50 147.56  str.buy
AAL American Airli 37.88 68.36  buy
DAL Delta Air Line 51.99 123.17  str.buy
ALK Alaska Air Gro 60.63 542.76  str.buy
UAL United Contine 80.91 118.31  str.buy
SKYW Skywest 55.50 8.43  str.sell

COMPANY NEWS

▶ An Airbus A321XLR Could Be a Game Changer for JetBlue   [Jul-21-18 08:50AM  Motley Fool]
▶ JetBlue Layoffs 2018: Employees Brace for Job Cuts   [Jul-20-18 04:48PM  InvestorPlace]
▶ JetBlue cutting New York HQ jobs to save $300 million in costs   [01:01PM  American City Business Journals]
▶ Top 10 best airlines in the world   [Jul-18-18 12:57PM  Yahoo Finance Video]
▶ [$$] Airbus Deal Brings Battle With Boeing to Small-Plane Market   [Jul-17-18 08:11PM  The Wall Street Journal]
▶ JetBlue Airways Reports June Traffic   [07:00AM  Business Wire]
▶ Corrections & Amplifications   [07:47PM  The Wall Street Journal]
▶ [$$] JetBlue to Order 60 Airbus CSeries Jets   [Jul-10-18 08:32PM  The Wall Street Journal]
▶ [$$] JetBlue to Order 60 Airbus CSeries Jets   [07:58PM  The Wall Street Journal]
▶ JetBlue orders 60 new Airbus planes   [03:14PM  CNBC Videos]
▶ Yahoo Finance Live: Market Movers - Jul 6th, 2018   [Jul-06-18 07:20AM  Yahoo Finance Video]
▶ [$$] The Morning Download: Startups Help JetBlue Take Creative Flight   [Jul-05-18 11:23AM  The Wall Street Journal]
▶ [$$] JetBlue Tech Execs Tap Startups To Help Airline Innovate   [Jul-03-18 12:14PM  The Wall Street Journal]
▶ Billionaire space race could delay your next flight   [Jun-27-18 01:03PM  Yahoo Finance Video]
▶ JetBlue glitch sets off hijacking alert, SWAT team boards plane   [12:09PM  American City Business Journals]
▶ Stocks up as trade tensions ease   [11:15AM  Yahoo Finance Video]
▶ JetBlue radio failure triggers scare at JFK Airport   [Jun-26-18 10:27PM  Associated Press]
▶ Your first trade for Friday, June 22   [Jun-22-18 09:16AM  CNBC]
▶ Final Trade: C, JBLU & more   [Jun-21-18 05:30PM  CNBC Videos]
▶ [$$] What the Airline Knows About the Guy in Seat 14C   [Jun-20-18 07:38PM  The Wall Street Journal]
▶ By the numbers: How RDU fares in on-time arrivals, departures   [Jun-19-18 02:47PM  American City Business Journals]
▶ JetBlue founder to launch Moxy Airlines   [01:35PM  American City Business Journals]
▶ Yahoo Finance Live: Market Movers - Jun 18th, 2018   [07:20AM  Yahoo Finance Video]
▶ Valero Energy And Other Great Cheap Stocks   [10:02AM  Simply Wall St.]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.