JetBlue Airways (JBLU, Financial) experienced a significant stock price drop of 5.02%. Recently trading at $5.77 per share with a volume of 14.06 million shares, the stock shows a turnover rate of 4.05% and a price fluctuation of 5.20%.
JetBlue's recent financial reports revealed revenue of $2.428 billion, a net profit of $25 million, and earnings per share of $0.07. The gross profit amounted to $148 million, with a price-to-earnings (P/E) ratio of -2.33. In terms of analyst ratings, out of 14 firms, 14% recommend buying the stock, 64% suggest holding, and 22% advise selling.
Within the airline industry, associated stocks like Loyalty Ventures and Surf Air Mobility Inc. saw significant gains, while JetBlue, Spirit Airlines, and American Airlines remained active with turnover rates of 4.06%, 3.79%, and 1.36%, respectively. Stocks like Flyexclusive, Inc., Sun Country Airlines Holdings, Inc., and Surf Air Mobility Inc. exhibited notable price volatility with amplitudes of 16.95%, 5.67%, and 5.46%, respectively.
JetBlue Airways is a low-cost airline offering premium services such as assigned seating and in-flight entertainment. It serves approximately 100 destinations across the U.S., Caribbean, Latin America, Canada, and the U.K., operating Airbus A321, A320, A321neo, and Embraer E190 aircraft models. The company's main revenue stream stems from its domestic and Canadian operations.
