NASDAQ:JBLU - Nasdaq - US4771431016 - Common Stock - Currency: USD
The airline industry can be challenging and particularly vulnerable to rising fuel costs. JetBlue Airways is underperforming its peers, and a key investor is losing patience. Everything seems to be going wrong for JetBlue Airways (NASDAQ: JBLU) these days.
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The major averages were higher near noon, with the S&P 500 continuing its path towards all-time highs reached earlier this year. Meanwhile, the U.S. dollar is under pressure amid the worst first-half performance in 50 years, falling to its lowest since early 2022 amid speculation that President Trump may replace Fed Chair Powell before his term ends and markets pricing in over 60 basis points of rate cuts by year-end. Looking to commodities, the price of gold was fractionally lower, continuing a
JetBlue (JBLU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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JetBlue’s investor known for profiting from the GameStop meme stock saga, Vladimir Galkin, may sell his $212 million stake if the airline’s cost-cutting and turnaround plan fails to show results amid deep financial and operational struggles.
NEW YORK (Reuters) -JetBlue Airways' second-largest investor, Vladimir Galkin, is threatening to sell his near 10% stake in the struggling air carrier if the company's cost-cutting plan and other broader efforts fail to turn around its performance. Galkin, who lives in Miami, Florida, was a big winner from Gamestop's "meme stock" rally in 2021 and invested over $200 million in JetBlue between February and August 2024. Shares are down 43% year-to-date, while peers Delta Air Lines and United Airlines are down 17% and 18%, respectively.
After years of financial struggle, the carrier is halting service to and from the Florida city. Here’s what to know.
United Airlines Holdings Inc. (NASDAQ:UAL) is one of the 10 most undervalued industrial stocks to buy according to analysts. The airline industry has been on the receiving end throughout this year, and United Airlines has been no exception, with a 19% decline in share prices. However, this comes on the back of a strong 135% appreciation […]
JetBlue Airways Corporation (NASDAQ:JBLU) is one of the 11 Best US Stocks to Invest in Under $5. On May 29, Morgan Stanley maintained its “Equal Weight” rating for JetBlue Airways Corporation (NASDAQ:JBLU) with a price target of $8.00. This decision came after JetBlue Airways Corporation (NASDAQ:JBLU) announced a collaboration with United Airlines called Blue Sky, […]
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
JetBlue CEO says the airline will further decrease flights during off-peak times and eliminate routes that are not profitable.
In a note to employees dated Monday, Joanna Geraghty said the company is still relying on borrowed cash for its operations and also noted that it will pause retrofitting and park some of its Airbus jets in the fleet to trim operational costs.
JetBlue Airways Corp. plans to hasten cost reductions by eliminating some flights, pausing retrofits and parking some jets due to weaker-than-expected demand for travel, the company said in an internal memo.
The latest move is expected to boost JetBlue's competitive position in the airline industry.
Apple is building a history of dividend growth as it uses AI to drive future expansion for its broad ecosystem. Coca-Cola has one of the best dividend growth streaks on the market, and it's one of Buffett's favorite stocks. Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has steered his company to market-crushing performance over multiple decades -- so much so that he has earned the nickname "the Oracle of Omaha."
Investors with a shorter-term outlook may find an opportunity in Southwest Airlines (LUV). Last week, Deutsche Bank upgraded LUV from a Hold to a Buy rating and raised its 12-month price target significantly, from $28 to $40. This reflects growing confidence in the airline’s strategic initiatives and their potential to drive meaningful growth. From an investment perspective, the current narrative surrounding Southwest may offer sufficient justification for considering exposure to LUV stock. Nota
LUV ends its free bag policy, UAL strikes a union deal, and DAL expands in Spain as airline stocks try to navigate headwinds.
Pseudonymous crypto trader James Wynn, known for his high-leverage strategies, suffered losses exceeding $110 million after Bitcoin‘s (CRYPTO: BTC) price slipped below key support levels on Friday. Wynn had taken a bold bet on Bitcoin’s upward ...
LUV ends its free baggage era. UAL inks a labor deal, while DAL expands with a new Boston-Barcelona route.
Evercore ISI analyst Durgesh Chopra recently lowered the price target on Vistra Corp. (NYSE:VST) to $192 from $202 and kept an Outperform rating on the shares. Vistra operates as an integrated retail electricity and power generation company. In an investor note, the analyst noted that all of the major Independent Power Producers had reported their […]
The U.S. economy shrank at a 0.2% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business, the government said Thursday in a slight upgrade of its initial estimate. Imports grew at a 42.6% pace, fastest since third-quarter 2020, and shaved more than 5 percentage points off GDP growth. Consumer spending also slowed sharply.
MileagePlus customers can earn and use miles on JetBlue including hundreds of flights in and out of New York City and Boston while TrueBlue members can earn...
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