Why Frontier Stock Is Flying High Today
It is a tough environment for airlines, but Frontier Group (NASDAQ: ULCC) announced today that it produced a smaller-than-expected loss in the fourth quarter and said revenue should trend up for 2024. Investors are climbing on board, up 21% as of 1:30 p.m. ET on Tuesday.
Airline investors have had a lot to digest this earnings season. Demand held up surprisingly well in the last three months of 2023, but with inflation and a slowing economy front of mind plenty of questions remain about how long that will last. Meanwhile, competitors JetBlue Airways and Spirit Airlines are battling with regulators over a proposed merger that could take a significant amount of capacity out of the system at an opportune time.
Frontier appears to be navigating the environment as well as can be expected. The discount airline lost $0.17 per share in the fourth quarter, on revenue of $891 million, losing less than the $0.23 per share Wall Street had expected on revenue that was just shy of expectations.
Source Fool.com
Jetblue Airways Corp. Stock
Our community is currently low on Jetblue Airways Corp. with 1 Buy predictions and 4 Sell predictions.
With a target price of 4 € there is a slightly negative potential of -13.21% for Jetblue Airways Corp. compared to the current price of 4.61 €.
