JetBlue’s unit revenue guide implied deceleration year over year despite all the changes it has been making,” offered Melius Research analyst Conor Cunningham.
JetBlue is currently talking with several airlines about potential partnerships in the United States following the dismantling of the Northeast Alliance (NEA) with American Airlines, an extensive codeshare agreement focused on flights in Boston and New York.
UBS analyst Thomas Wadewitz revised the price target on JetBlue Airways (NASDAQ:JBLU) shares, reducing it to $5.00 from the previous target of $5.50. Despite the adjustment, the firm continues to recommend a Sell rating for the airline's stock.
New flights have been added for Kansas City and Philly fans, with one airline adding flights on a route it doesn't normally serve.
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Unit costs in 2025 will rise as much as 7% excluding fuel, the airline said Tuesday in a statement, outpacing analysts’ estimates on higher spending for compensation and aircraft maintenance. JetBlue shares fell as much as 18% as markets opened in New York, their biggest slump since Aug. 12.
While airfares are up over the past year and U.S. air travel exceeds pre-COVID levels, airlines are struggling with acquiring new planes.
The New York-based carrier announced what it's calling the EvenMore experience, a refreshed type of extra-legroom seat located at the front of its economy cabins.
United Airlines CEO Scott Kirby proclaimed Wednesday that “We are the best airline in the history of aviation.” How will American CEO Robert Isom respond?
JetBlue stock price has underperformed other American airline companies like United Airlines, Delta, and American Airlines. It has dropped by over 63% from its highest level in 2021, bringing its valuation to $2.
Venmo payment options are the latest announcement in a broader effort from JetBlue to enhance its services and boost profits. The struggling low-cost carrier has searched for new revenue streams as larger airlines introduce their own budget options, increasing competition for those flyers.
"The added ability to pay with Venmo for flights on JetBlue and manage travel costs during the trip through Groups helps solve the pain points of shared expenses from the time of booking to returning home," PayPal's John Anderson, senior vice president and general manager of consumer, said in a statement.