JetBlue Airways | JBLU | Long at $5.92
JetBlue 
JBLU - Earnings and revenue beat today, stock drops -26% by noon.
2025 Outlook:
"For the first quarter of 2025, JetBlue expects its available seat miles (ASM) to decline 2% to 5% year-over-year, with revenue per ASM projected to range from a 0.5% decline to a 3.5% gain, while analysts had expected the metric to rise 5% year-over-year. JetBlue said it also expects cost per ASM to rise 8% to 10% in the first quarter. The airline also expects cost per ASM to rise 5% to 7% for the full fiscal year, with revenue per ASM projected to rise 3% to 6% compared to the metric staying flat in 2024."
Travel is increasing rapidly from the pandemic lows and if oil continues to drop, airlines will continue to experience a boom. This outlook may be overly negative as "protection" while the company further moves toward profitability.
My only concern is there is a price gap on the daily chart near $4.00 that is still open (and could be filled in the near future. But, from a technical analysis perspective, the bottom of my historical simple moving average line today is $5.90. It may bounce there, or shakeout shareholders for a while to test the $4 range. Regardless, JetBlue is a mid-level ranked airline that is, indeed, moving toward profitability - it may just take it getting through 2025 to gain investor confidence.
Initial entry position started at $5.92.
Target:
$7.95
JBLU - Earnings and revenue beat today, stock drops -26% by noon.2025 Outlook:
"For the first quarter of 2025, JetBlue expects its available seat miles (ASM) to decline 2% to 5% year-over-year, with revenue per ASM projected to range from a 0.5% decline to a 3.5% gain, while analysts had expected the metric to rise 5% year-over-year. JetBlue said it also expects cost per ASM to rise 8% to 10% in the first quarter. The airline also expects cost per ASM to rise 5% to 7% for the full fiscal year, with revenue per ASM projected to rise 3% to 6% compared to the metric staying flat in 2024."
Travel is increasing rapidly from the pandemic lows and if oil continues to drop, airlines will continue to experience a boom. This outlook may be overly negative as "protection" while the company further moves toward profitability.
My only concern is there is a price gap on the daily chart near $4.00 that is still open (and could be filled in the near future. But, from a technical analysis perspective, the bottom of my historical simple moving average line today is $5.90. It may bounce there, or shakeout shareholders for a while to test the $4 range. Regardless, JetBlue is a mid-level ranked airline that is, indeed, moving toward profitability - it may just take it getting through 2025 to gain investor confidence.
Initial entry position started at $5.92.
Target:
$7.95
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.