JetBlue Airways Corporation (NASDAQ:JBLU) currently trades at $19.65which is about -6.87% lower than the 52-week high of $23.67. The trading volume at ready counter moved to 21.49M shares as compared to 6.70M shares average traded volume. The stock failed to get pushed above the $20.60 barrier, the intraday high, after opening at $20.44. Analysts have a consensus target price of $26.50 in the 12-month period. Its market capitalization has now reached to $5.92B.

JetBlue Airways Corporation (NASDAQ:JBLU) was dropped to Underweight from Equal Weight at Barclays. It has earned a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 4 have assigned a hold rating, Zero says it’s a buy and 6 have assigned a strong buy rating to the company.

JetBlue Airways Corporation (JBLU) on January 26, 2017 reported its results for the fourth quarter 2016 and the full year 2016:

  • Operating income of $296 million in the fourth quarter and $1.3 billion for the full year, a decline of 10.4% from the fourth quarter of 2015 and a full year increase of 7.9% over 2015.
  • Pre-tax income of $274 million in the fourth quarter and $1.2 billion for 2016, a decrease of 9.6% from the fourth quarter of 2015 and a full year increase of 10.8% over 2015.
  • Fourth quarter net income of $172 million, or $0.50 per diluted share. For the full year 2016, net income of $759 million or $2.22 per diluted share. This compares to JetBlue’s fourth quarter 2015 net income of $190 million, or $0.56 per diluted share and 2015 net income of $677 million or $1.98 per diluted share.

Financial Performance

JetBlue reported fourth quarter operating revenues of $1.6 billion. Revenue passenger miles for the fourth quarter increased 6% to 11.2 billion on a capacity increase of 4.5%, resulting in a fourth quarter load factor of 84.7%, a 1.1 point increase year over year.

Yield per passenger mile in the fourth quarter was 13.20 cents, down 3.1% compared to the fourth quarter of 2015. Passenger revenue per available seat mile (PRASM) for the fourth quarter 2016 decreased 1.7% year over year to 11.19 cents and operating revenue per available seat mile (RASM) decreased 1.5% year over year to 12.43 cents.

Compared with last year, operating expenses for the quarter increased 6.5%, or $81 million. Interest expense for the quarter declined 13.2%, or $4 million, as JetBlue continued to reduce its debt. JetBlue’s operating expense per available seat mile (CASM) for the fourth quarter increased 1.9% year over year to 10.19 cents. Excluding fuel, profit sharing and related taxes, fourth quarter CASM1 increased 5.6% to 7.69 cents.