Shares of discount airline jetblue airways rose 24 in premarket trade monday after buckingham research upgraded the stock to buy from neutral. Now trading at just under 9.
Jetblue Is Testing Facial Recognition Technology To Replace
Jetblue airways nasdaqjblu came into 2020 with high hopes.
Jetblue airline stock. Jetblue airways corporation incorporated in delaware in aug 1998 is a passenger airline that focuses on providing high quality customer service. An industry darling during the years following its 2000 debut the airline had fallen on hard times of late plagued by sky high. In 2019 jetblue carried over 42 million customers with an average of more than 1000 daily flights and served 99 destinations in the united states the caribbean and latin america.
However with markets stabilizing the worst appears to be over for now. Weighed against jetblues current share price of just under 20 that works out to about a 10x price to earnings ratio not bad for a stock that most analysts agree should be capable of. The airline industry has.
And with cares act aid for jetblue announced on april 14 the airlines stock saw a big pop. Shares of jetblue airways corp. Were indicated up over 1 in premarket trading monday after the air carrier disclosed of a 125 million accelerated share repurchase asr agreement with barclays bank.
Motley fool returns stock advisor sp 500. Analyst daniel mckenzie who had downgraded the stock in july on higher costs tied to a pilot deal and revenue concerns tied to competitive capacity said he was now adjusting 2020 eps targets. The repurchases if part of a 750 million stock buyback program announced in december.
Jetblue will require airline passengers to wear masks howard smith apr 28 2020 jetblue policy differs from other airlines that will be offering personal protective equipment to customers. If jetblue continues to grow rasm in a period of slow to mild growth for airlines it could pull ahead as one of the better airlines to invest in. The stocks of alaska air group and jetblue airways have dropped nearly 60 since early february after the who declared the coronavirus outbreak a global health emergency.
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