JetBlue Airways Corporation Is Set to Soar
After a strong run between 2013 and 2015, shares of JetBlue Airways (NASDAQ: JBLU) have been stuck in neutral for the past two years. Large increases in non-fuel unit costs and weak unit revenue trends have contributed to JetBlue stock's woes.
However, JetBlue Airways recently raised its fourth quarter unit revenue forecast, following similar guidance increases by several competitors, including Southwest Airlines. This puts the company in position to return to strong profit growth next year, which could propel the stock higher.
JetBlue wasn't negatively impacted by Hurricane Harvey, because it has virtually no presence in Houston. By contrast, it was hit hard by Hurricane Irma and Hurricane Maria, due to its large footprint in Florida and industry-leading market share in the Caribbean.
Source: Fool.com
Jetblue Airways Corp. Stock
Currently there is a rather negative sentiment for Jetblue Airways Corp. with 1 Buy predictions and 4 Sell predictions..
This results in a negative potential of -23.61% based on a current price of 5.24 € and a target price of 4 € for the stock.
