JetBlue Airways Corporation, traded on the NASDAQ under the symbol JBLU, is a major American low-cost airline. On January 28, 2025, Susquehanna updated its rating for JetBlue (NASDAQ:JBLU) to Neutral, advising investors to hold the stock. At that time, the stock price was $6.01, as highlighted by Benzinga. This rating comes amid significant fluctuations in JetBlue's stock performance.
JetBlue's share price recently dropped over 25% to $6, despite the company announcing better-than-expected earnings. This decline is attributed to a warning about reduced capacity in the first quarter of 2025. JetBlue anticipates a decrease in available seat miles (ASM) by 2-5% compared to the previous year, with ASM expected to remain flat throughout the year.
CEO Joanna Geraghty introduced a new strategy called JetForward, aiming to return the airline to profitability. She described the revenue environment as "healthy" and expressed confidence in achieving a positive operating margin for the full year. Despite challenges, JetBlue reported a smaller-than-expected loss for the fourth quarter of 2024, with an adjusted loss per share of $0.21, better than Wall Street's forecast of $0.31.
JetBlue's revenues for the fourth quarter amounted to $2.28 billion, a 2.1% decrease year over year, yet surpassing the Street's estimate of $2.25 billion. However, the company's projection of higher costs for 2025 than initially anticipated has raised concerns among investors. This announcement led to a significant decline in the company's stock, with shares dropping by 14% during morning trading.
JetBlue's market capitalization stands at approximately $2.08 billion, with a trading volume of 121,004,382 shares. The stock has fluctuated between a low of $5.75 and a high of $6.98 during the day. Over the past year, the stock has reached a high of $8.31 and a low of $4.50. Despite the challenges, JetBlue remains focused on its strategy to improve financial performance.
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