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Didn't expect to see +5% here today I'll take it.
King, don't understand what's going on with all the airlines today, all are making record profit for the last 4 quarters, I know they say oil could go up but it won't go up more then a dollar, that's not enough to make a difference, it would have to go up $50 to cause a problem with the airlines, does not make sense what's happening. Jblu should be flying high, capacity does not matter when your making more money then God.
Yeah, over 22 million shares owned
Blackrock must be killing themselves right now.
$19.82 next point if this doesn't hold. Man...
This is where this should/could be bought for the potential CC bounce here. Call started at 10am.
JetBlue Announces Fourth Quarter and Full Year Results
Source: Business Wire
JetBlue Airways Corporation (NASDAQ:JBLU) today reported its results for the fourth quarter and full year 2015:
Operating income of $330 million in the fourth quarter. This compares to operating income of $169 million in the fourth quarter of 2014. For the full year 2015, JetBlue reported operating income of $1.2 billion. This compares to operating income of $515 million in 2014.
Pre-tax income of $303 million in the fourth quarter. This compares to pre-tax income of $140 million in the fourth quarter of 2014. For the full year 2015, JetBlue reported pre-tax income of $1.1 billion. This compares to pre-tax income excluding special items1 of $382 million in 2014. On a GAAP basis, pre-tax income was $623 million in 2014, which included the gain on sale of JetBlue’s wholly-owned subsidiary LiveTV.
Net income of $190 million, or $0.56 per diluted share, in the fourth quarter. This compares to JetBlue’s fourth quarter 2014 net income excluding special items1 of $87 million, or $0.26 per diluted share. On a GAAP basis, net income was $88 million in the fourth quarter 2014, or $0.26 per diluted share, which included income tax relating to the gain on sale of JetBlue’s wholly-owned subsidiary LiveTV. For the full year 2015, JetBlue reported net income of $677 million, or $1.98 per diluted share. This compares to JetBlue’s 2014 net income excluding special items1 of $232 million, or $0.70 per diluted share. On a GAAP basis, net income was $401 million in 2014, or $1.19 per diluted share, which included the gain on sale of JetBlue’s wholly-owned subsidiary LiveTV.
Financial Performance
JetBlue reported record fourth quarter operating revenues of $1.6 billion. Revenue passenger miles for the fourth quarter increased 12.4% to 10.6 billion on a capacity increase of 10.4%, resulting in a fourth quarter load factor of 83.6%, an increase of 1.5 points year over year.
Yield per passenger mile in the fourth quarter was 13.62 cents, down 3.6% compared to the fourth quarter of 2014. Passenger revenue per available seat mile (PRASM) for the fourth quarter 2015 decreased 1.9% year over year to 11.39 cents and operating revenue per available seat mile (RASM) decreased 0.2% year over year to 12.62 cents.
Operating expenses for the quarter decreased 1.1%, or $13 million, from the prior year period. Interest expense for the quarter declined 14.7%, or $5 million, as JetBlue continued to reduce its debt. JetBlue’s operating expense per available seat mile (CASM) for the fourth quarter decreased 10.4% year over year to 10.01 cents. Excluding fuel and profit sharing, fourth quarter CASM2 increased 0.7% to 7.29 cents.
Operational Performance
In 2015, system arrival performance, or A14, improved 0.4 points. Completion factor improved 0.8 points. In the fourth quarter, completion factor improved 0.1 points.
“We posted another strong quarter, producing above industry average revenue performance and running a safe and reliable operation. I want to thank all our 18,000 crewmembers for their terrific efforts throughout the year,” said Robin Hayes, JetBlue’s President and CEO.
Fuel Expense and Hedging
In the fourth quarter JetBlue had hedges in place for approximately 14% of its fuel consumption. This resulted in a realized fuel price of $1.68 per gallon, a 37.8% decrease versus fourth quarter 2014 realized fuel price of $2.70. JetBlue recorded $33 million in losses on fuel hedges settling during the fourth quarter.
JetBlue continues to have no hedges in place for the first and second quarters of 2016. Based on the fuel curve as of January 15th, JetBlue expects an average price per gallon of fuel, including the impact of fuel taxes, of $1.12 in the first quarter. Beyond the second quarter, JetBlue has hedged about 10% of its expected second half of the year 2016 fuel consumption.
Liquidity and Cash Flow
JetBlue ended the quarter with $876 million in unrestricted cash and short term investments, or about 14% of trailing twelve month revenue. In addition, JetBlue maintains approximately $600 million in undrawn lines of credit.
During the fourth quarter, JetBlue repaid $90 million in regularly scheduled debt and capital lease obligations, bringing total annual debt payments to $390 million. In addition, JetBlue bought out the leases on six A320 aircraft for a total of $110 million. JetBlue anticipates paying approximately $454 million in regularly scheduled debt and capital lease obligations in 2016 and plans to continue to opportunistically prepay other debt. JetBlue expects to pay approximately $51 million in regularly scheduled debt and capital obligations in the first quarter of 2016.
As part of its previously announced 2012 share buyback, JetBlue purchased 3 million shares from October 30, 2015 through December 31, 2015 at a weighted average share price of $25.71. For the full year 2015, JetBlue purchased 9.8 million shares for approximately $227 million.
“We continue to generate healthy free cash flow and de-risk our business,” said Mark Powers, JetBlue’s Chief Financial Officer. “Looking forward, we will continue to focus on strengthening our balance sheet and prioritizing ROIC accretive initiatives, including structural cost programs.”
First Quarter and Full Year Outlook
The following outlook does not include the impact of Winter Storm Jonas, which caused over 900 flight cancellations within the last week.
For the first quarter of 2016, change in CASM excluding fuel and profit sharing is expected to be between 0.0% and negative 2.0% versus the year-ago period. Excluding fuel and profit sharing, CASM for the full year 2016 is forecasted to grow between zero and two percent year over year.
Capacity is expected to increase between 14% and 16% in the first quarter 2016 and between 8.5% and 10.5% for the full year. Severe winter weather caused a significant number of flight cancellations in the first quarter of 2015. This increases JetBlue’s 2016 capacity growth rate compared to a scheduled versus scheduled basis by about 2.5% in the first quarter and 0.5% for the full year.
JetBlue will conduct a conference call to discuss its quarterly earnings today, January 28, at 10:00 a.m. Eastern Time. A live broadcast of the conference call will be available via the internet at http://investor.jetblue.com.
About JetBlue
JetBlue is New York's Hometown Airline™, and a leading carrier in Boston, Fort Lauderdale - Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 35 million customers a year to 95 cities in the U.S., Caribbean, and Latin America with an average of 900 daily flights. For more information please visit JetBlue.com.
Notes
(1) Pre-tax and net income excluding special items are non-GAAP financial measures that we use to measure our core performance. Note A provides a reconciliation of non-GAAP financial measures used in this release and provides the reasons management uses those measures.
(2)
Consolidated operating cost per available seat mile, excluding fuel and profit sharing and related taxes (CASM Ex-Fuel and Profit Sharing) is a non-GAAP financial measure that we use to measure our core performance. Note A provides a reconciliation of non-GAAP financial measures used in this release and provides the reasons management uses those measures.
Forward Looking Statements
This press release contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning future events. When used in this document, the words “expects,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “outlook,” “may,” “will,” “should,” “seeks,” “targets” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed in the forward-looking statements due to many factors, including, without limitation, our extremely competitive industry; volatility in financial and credit markets which could affect our ability to obtain debt and/or lease financing or to raise funds through debt or equity issuances; volatility in fuel prices, maintenance costs and interest rates; our ability to implement our growth strategy; our significant fixed obligations and substantial indebtedness; our ability to attract and retain qualified personnel and maintain our culture as we grow; our reliance on high daily aircraft utilization; our dependence on the New York metropolitan market and the effect of increased congestion in this market; our reliance on automated systems and technology; our being subject to potential unionization, work stoppages, slowdowns or increased labor costs; our reliance on a limited number of suppliers; our presence in some international emerging markets that may experience political or economic instability or may subject us to legal risk; reputational and business risk from information security breaches; changes in or additional government regulation; changes in our industry due to other airlines' financial condition; global economic conditions, or an economic downturn leading to a continuing or accelerated decrease in demand for domestic and business air travel; the spread of infectious diseases; and external geopolitical events and conditions. Further information concerning these and other factors is contained in the Company's Securities and Exchange Commission filings, including but not limited to, the Company's 2014 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. We undertake no obligation to update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
JETBLUE AIRWAYS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except share and per share amounts)
(unaudited)
Three Months Ended Twelve Months Ended
December 31, Percent December 31, Percent
2015 2014 Change 2015 2014 Change
OPERATING REVENUES
Passenger $ 1,438 $ 1,327 8.3 $ 5,893 $ 5,343 10.3
Other 156 119 31.0 523 474 10.4
Total operating revenues 1,594 1,446 10.2 6,416 5,817 10.3
OPERATING EXPENSES
Aircraft fuel and related taxes 300 436 (31.3 ) 1,348 1,912 (29.5 )
Salaries, wages and benefits 401 331 21.2 1,540 1,294 19.1
Landing fees and other rents 78 73 8.2 342 321 6.7
Depreciation and amortization 93 86 6.3 345 320 7.7
Aircraft rent 30 31 (3.7 ) 122 124 (1.8 )
Sales and marketing 65 49 32.9 264 231 14.3
Maintenance materials and repairs 119 113 4.9 490 418 17.3
Other operating expenses 178 158 13.0 749 682 9.8
Total operating expenses 1,264 1,277 (1.1 ) 5,200 5,302 (1.9 )
OPERATING INCOME 330 169 1,216 515
Operating margin 20.7 % 11.7 % 9.0 pts. 19.0 % 8.9 % 10.1 pts.
OTHER INCOME (EXPENSE)
Interest expense (30 ) (35 ) (14.7 ) (128 ) (148 ) (13.9 )
Capitalized interest 2 3 (47.7 ) 8 14 (42.7 )
Interest income and other 1 3 (74.6 ) 1 1 (82.2 )
Gain on sale of subsidiary - - - - 241 (100.0 )
Total other income (expense) (27 ) (29 ) (6.2 ) (119 ) 108 (210.5 )
INCOME BEFORE INCOME TAXES 303 140 1,097 623
Pre-tax margin 19.0 % 9.7 % 9.3 pts. 17.1 % 10.7 % 6.4 pts.
Income tax expense 113 52 420 222
NET INCOME $ 190 $ 88 $ 677 $ 401
EARNINGS PER COMMON SHARE:
Basic $ 0.60 $ 0.29 $ 2.15 $ 1.36
Diluted $ 0.56 $ 0.26 $ 1.98 $ 1.19
Weighted average shares outstanding (thousands):
Basic 318,941 300,035 315,101 294,732
Diluted 342,383 342,691 344,817 343,294
JETBLUE AIRWAYS CORPORATION
COMPARATIVE OPERATING STATISTICS
(unaudited)
Three Months Ended Twelve Months Ended
December 31, Percent December 31, Percent
2015 2014 Change 2015 2014 Change
Revenue passengers (thousands) 8,911 7,987 11.6 35,101 32,078 9.4
Revenue passenger miles (millions) 10,554 9,392 12.4 41,711 37,813 10.3
Available seat miles (ASMs) (millions) 12,626 11,436 10.4 49,258 44,994 9.5
Load factor 83.6 % 82.1 % 1.5 pts. 84.7 % 84.0 % 0.7 pts.
Aircraft utilization (hours per day) 11.6 11.5 1.3 11.9 11.8 1.3
Average fare $ 161.35 $ 166.17 (2.9 ) 167.89 $ 166.57 0.8
Yield per passenger mile (cents) 13.62 14.13 (3.6 ) 14.13 14.13 (0.0 )
Passenger revenue per ASM (cents) 11.39 11.61 (1.9 ) 11.96 11.88 0.7
Operating revenue per ASM (cents) 12.62 12.64 (0.2 ) 13.03 12.93 0.8
Operating expense per ASM (cents) 10.01 11.17 (10.4 ) 10.56 11.78 (10.4 )
Operating expense per ASM, excluding fuel (cents) 7.64 7.35 4.0 7.82 7.53 3.8
Operating expense per ASM, excluding fuel and profit sharing and related taxes (cents) (a) 7.29 7.23 0.7 7.51 7.48 0.5
Airline operating expense per ASM (cents) (b) 10.01 11.17 (10.4 ) 10.56 11.70 (9.8 )
Departures 80,135 74,526 7.5 316,505 294,800 7.4
Average stage length (miles) 1,093 1,088 0.5 1,092 1,088 0.4
Average number of operating aircraft during period 212.7 200.4 6.1 207.9 196.2 6.0
Average fuel cost per gallon, including fuel taxes $ 1.68 $ 2.70 (37.8 ) 1.93 $ 2.99 (35.7 )
Fuel gallons consumed (millions) 178 162 10.4 700 639 9.6
Full-time equivalent employees at period end (b) 14,537 13,280 9.5
(a) Refer to Note A, Consolidated operating cost per available seat mile, excluding fuel and profit sharing and related taxes, at the end of our Earnings Release for more information on this non-GAAP measure.
(b) Excludes operating expenses and employees of LiveTV, LLC, which are unrelated to our airline operations and no longer part of JetBlue from June 10, 2014.
SELECTED CONSOLIDATED BALANCE SHEET DATA
(in millions)
December 31, December 31,
2015 2014
(unaudited)
Cash and cash equivalents $ 318 $ 341
Total investment securities 607 427
Total assets 8,660 7,839
Total debt 1,843 2,233
Stockholders' equity 3,210 2,529
Note A – Non-GAAP Financial Measures
JetBlue sometimes uses non-GAAP measures that are derived from the Consolidated Financial Statements, but that are not presented in accordance with generally accepted accounting principles (“GAAP”). JetBlue believes these metrics provide a meaningful comparison of our results to others in the airline industry and our prior year results. Under the U.S. Securities and Exchange Commission rules, non-GAAP financial measures may be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. The tables below show reconciliations of non-GAAP financial measures used in this press release to the most directly comparable GAAP financial measures. It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
Net Income and Pre-Tax Income, excluding special items. JetBlue excludes special items from net income and pre-tax income because management believes the exclusion of these items is helpful to investors to evaluate the company's recurring core operational performance in the periods shown. Therefore, we adjust for these amounts. Special items excluded in the tables below showing reconciliation of net income and pre-tax income include the gain on the sale of JetBlue's wholly-owned subsidiary LiveTV, LLC due to the non-recurring nature of this item.
NON-GAAP FINANCIAL MEASURE
RECONCILIATION OF NET INCOME, INCOME BEFORE INCOME TAXES AND EPS EXCLUDING SPECIAL ITEMS
(in millions, except per share amounts)
(unaudited)
Three Months Ended Twelve Months Ended
December 31, December 31,
2015 2014 2015 2014
$ $ $ $
Income before income taxes $ 303 $ 140 $ 1,097 $ 623
Less: Gain on sale of subsidiary - - - 241
Income before income taxes excluding special items 303 140 1,097 382
Less: Income tax expense 113 52 420 222
Add back: Income tax relating to gain on sale of subsidiary (a) - (1 ) - 72
Net Income excluding special items $ 190 $ 87 $ 677 $ 232
Earnings per common share excluding special items:
Basic $ 0.60 $ 0.29 $ 2.15 $ 0.79
Diluted $ 0.56 $ 0.26 $ 1.98 $ 0.70
(a) The capital gain generated from the sale of LiveTV allowed JetBlue to utilize a capital loss carryforward which resulted in the release of a valuation allowance related to the capital loss deferred tax asset of $19 million
Consolidated operating cost per available seat mile, excluding fuel and profit sharing and related taxes (“CASM Ex-Fuel and Profit Sharing”). CASM is a common metric used in the airline industry. We exclude aircraft fuel and related taxes and profit sharing and related taxes from operating cost per available seat mile to determine CASM Ex-Fuel and Profit Sharing. We believe CASM Ex-Fuel and Profit Sharing provides investors the ability to measure financial performance excluding items beyond our control such as (i) fuel costs, which are subject to many economic and political factors beyond our control and (ii) profit sharing, which is sensitive to volatility in earnings. We believe this measure is more indicative of our ability to manage costs and is more comparable to measures reported by other major airlines.
NON-GAAP FINANCIAL MEASURE
RECONCILIATION OF OPERATING EXPENSE PER ASM, EXCLUDING FUEL AND PROFIT SHARING AND RELATED TAXES
(dollars in millions, per ASM data in cents)
(unaudited)
Three Months Ended Twelve Months Ended
December 31, December 31,
2015 2014 2015 2014
$
per ASM
$
per ASM
$
per ASM
$
per ASM
Total operating expenses $ 1,264 10.01 $ 1,277 11.17 $ 5,200 10.56 5,302 11.78
Less: Aircraft fuel and related taxes 300 2.37 436 3.82 1,348 2.74 1,912 4.25
Operating expenses, excluding fuel and related taxes 964 7.64 841 7.35 3,852 7.82 3,390 7.53
Less: Profit sharing and related taxes 44 0.35 14 0.12 151 0.31 25 0.05
Operating expense, excluding fuel and profit sharing and related taxes $ 920 7.29 $ 827 7.23 $ 3,701 7.51 3,365 7.48
Return On Invested Capital (“ROIC”). ROIC is a non-GAAP financial measure we believe provides useful supplemental information for management and investors by measuring the effectiveness of our operations' use of invested capital to generate profits. We use ROIC to track how much value we are creating for our shareholders as it represents an important financial metric we believe provides meaningful information as to how well we generate returns relative to the capital invested in our business.
NON-GAAP FINANCIAL MEASURE
Reconciliation of Return on Invested Capital (Non-GAAP)
(dollars in millions)
(unaudited)
Twelve Months Ended
December 31,
2015 2014
Numerator
Operating Income $ 1,216 $ 515
Add: Interest income and other 1 1
Add: Interest component of capitalized aircraft rent (a) 64 65
Subtotal 1,281 581
Less: Income tax expense impact 491 226
Operating Income After Tax, Adjusted 790 355
Denominator
Average Stockholders' equity $ 2,869 $ 2,331
Average total debt 2,038 2,409
Capitalized aircraft rent (a) 853 869
Invested Capital 5,760 5,609
Return on Invested Capital 13.7% 6.3%
(a) Capitalized Aircraft Rent
Aircraft rent, as reported 122 124
Capitalized aircraft rent (7 * Aircraft rent) (b) 853 869
Interest component of capitalized aircraft rent (Imputed interest at 7.5%) 64 65
(b) In determining the Invested Capital component of ROIC we include a non-GAAP adjustment for aircraft
operating leases, as operating lease obligations are not reflected on our balance sheets but do represent a
significant financing obligation. In making the adjustment we used a multiple of seven times our aircraft rent
as this is the multiple which is routinely used with in the airline community to represent the financing
component of aircraft operating lease obligations.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160128005224/en/
JetBlue Investor Relations
+1 718-709-2202
ir@jetblue.com
or
JetBlue Corporate Communications
+1 718-709-3089
corpcomm@jetblue.com
I'll sticky that tomorrow afternoon
Amended Statement of Ownership (sc 13g/a)
Source: Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No: 6)
JETBLUE AIRWAYS CORP.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
477143101
(CUSIP Number)
December 31, 2015
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 477143101
(1)Names of reporting persons. BlackRock, Inc.
(2) Check the appropriate box if a member of a group
(a) [ ]
(b) [X]
(3) SEC use only
(4) Citizenship or place of organization
Delaware
Number of shares beneficially owned by each reporting person with:
(5) Sole voting power
21115411
(6) Shared voting power
NONE
(7) Sole dispositive power
22089915
(8) Shared dispositive power
NONE
(9) Aggregate amount beneficially owned by each reporting person
22089915
(10) Check if the aggregate amount in Row (9) excludes certain shares
(11) Percent of class represented by amount in Row 9
7.0%
(12) Type of reporting person
HC
Item 1.
Item 1(a) Name of issuer:
-----------------------------------------------------------------------
JETBLUE AIRWAYS CORP.
Item 1(b) Address of issuer's principal executive offices:
-----------------------------------------------------------------------
27-01 QUEENS PLAZA NORTH
LONG ISLAND CITY NY 11101
Item 2.
2(a) Name of person filing:
----------------------------------------------------------------------
BlackRock, Inc.
2(b) Address or principal business office or, if none, residence:
-----------------------------------------------------------------------
BlackRock Inc.
55 East 52nd Street
New York, NY 10055
2(c) Citizenship:
--------------------------------------------------------------------
See Item 4 of Cover Page
2(d) Title of class of securities:
-------------------------------------------------------------------
Common Stock
2(e) CUSIP No.:
See Cover Page
Item 3.
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c),
check whether the person filing is a:
[ ] Broker or dealer registered under Section 15 of the Act;
[ ] Bank as defined in Section 3(a)(6) of the Act;
[ ] Insurance company as defined in Section 3(a)(19) of the Act;
[ ] Investment company registered under Section 8 of the
Investment Company Act of 1940;
[ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
[ ] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
[X] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
[ ] A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
[ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940;
[ ] A non-U.S. institution in accordance with
Rule 240.13d-1(b)(1)(ii)(J);
[ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing
as a non-U.S. institution in accordance with
Rule 240.13d-1(b)(1)(ii)(J), please specify the type of
institution:
Item 4. Ownership
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.
Amount beneficially owned:
22089915
Percent of class
7.0%
Number of shares as to which such person has:
Sole power to vote or to direct the vote
21115411
Shared power to vote or to direct the vote
NONE
Sole power to dispose or to direct the disposition of
22089915
Shared power to dispose or to direct the disposition of
NONE
Item 5.
Ownership of 5 Percent or Less of a Class. If this statement is being
filed to report the fact that as of the date hereof the reporting person
has ceased to be the beneficial owner of more than 5 percent of the
class of securities, check the following [ ].
Item 6. Ownership of More than 5 Percent on Behalf of Another Person
If any other person is known to have the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale
of, such securities, a statement to that effect should be included in
response to this item and, if such interest relates to more than 5 percent
of the class, such person should be identified. A listing of the
shareholders of an investment company registered under the Investment
Company Act of 1940 or the beneficiaries of employee benefit plan,
pension fund or endowment fund is not required.
Various persons have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of
the common stock of
JETBLUE AIRWAYS CORP.
No one person's interest in the common stock of
JETBLUE AIRWAYS CORP.
is more than five percent of the total outstanding common shares.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person.
See Exhibit A
Item 8. Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity
and Item 3 classification of each member of the group. If a group
has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d),
attach an exhibit stating the identity of each member of the group.
Item 9. Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings with
respect to transactions in the security reported on will be filed,
if required, by members of the group, in their individual capacity.
See Item 5.
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired
and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
Signature.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.
Dated: January 22, 2016
BlackRock, Inc.
Signature: Spencer Fleming
-------------------------------------------
Name/Title Attorney-In-Fact
The original statement shall be signed by each person on whose
behalf the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner
of the filing person, evidence of the representative's authority to
sign on behalf of such person shall be filed with the statement,
provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated
by reference. The name and any title of each person who
signs the statement shall be typed or printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (see 18 U.S.C. 1001).
Exhibit A
Subsidiary
BlackRock Advisors (UK) Limited
BlackRock Advisors, LLC
BlackRock Asset Management Canada Limited
BlackRock Financial Management, Inc.
BlackRock Fund Advisors
BlackRock Institutional Trust Company, N.A.
BlackRock Investment Management (UK) Ltd
BlackRock Investment Management, LLC
BlackRock Japan Co Ltd
Xulu, Inc.
*Entity beneficially owns 5% or greater of the outstanding
shares of the security class being reported on this
Schedule 13G.
Exhibit B
POWER OF ATTORNEY
The undersigned, BLACKROCK, INC., a corporation duly organized
under the laws of the State of Delaware, United States (the
"Company"), does hereby make, constitute and appoint each of
Matthew Mallow, Chris Meade, Howard Surloff, Dan Waltcher,
Georgina Fogo, Charles Park, Enda McMahon, Carsten Otto,
Con Tzatzakis, Karen Clark, Andrew Crain, Herm Howerton,
David Maryles, Daniel Ronnen, John Stelley, John Ardley,
Maureen Gleeson and Spencer Fleming acting severally, as its
true and lawful attorneys-in-fact, for the purpose of, from time to
time, executing in its name and on its behalf, whether the
Company is acting individually or as representative of others,
any and all documents, certificates, instruments, statements, other
filings and amendments to the foregoing (collectively, "documents")
determined by such person to be necessary or appropriate to
comply with ownership or control-person reporting requirements
imposed by any United States or non-United States governmental
or regulatory authority, Including without limitation Forms 3, 4, 5,
13D, 13F, 13G and 13H and any amendments to any of the
Foregoing as may be required to be filed with the Securities and
Exchange Commission, and delivering, furnishing or filing any
such documents with the appropriate governmental, regulatory
authority or other person, and giving and granting to each such
attorney-in-fact power and authority to act in the premises as fully
and to all intents and purposes as the Company might or could
do if personally present by one of its authorized signatories,
hereby ratifying and confirming all that said attorney-in-fact shall
lawfully do or cause to be done by virtue hereof. Any such
determination by an attorney-in-fact named herein shall be
conclusively evidenced by such person's execution, delivery,
furnishing or filing of the applicable document.
This power of attorney shall expressly revoke the power of attorney
dated 1st day of October, 2015 in respect of the subject matter hereof,
shall be valid from the date hereof and shall remain in full force and
effect until either revoked in writing by the Company, or, in respect of
any attorney-in-fact named herein, until such person ceases to be an
employee of the Company or one of its affiliates.
IN WITNESS WHEREOF, the undersigned has caused this power of
attorney to be executed as of this 8th day of December, 2015.
BLACKROCK, INC.
By:_ /s/ Chris Jones
Name: Chris Jones
Title: Chief Investment Officer
Holy cow! Sticky that dude!
Wow check 13g filed AH. Blackrock 7% stake. Looks like over 22 million shares.
One of 2 airlines down today.. Gees
In at 20.50.. Should've bought this morning but thought it might go sub $20 again
Finely stopped the bleeding, first green day in a while.
I'm eyeing those $21's, or at least sun $22.
Could be a nice buying opportunity soon. Only 35 RSI and oil has only been going lower. I've been kicking myself for missing out on the run of JBLU.
May need to buy here soon.. Wow it's been sinking lately
Ahh I just saw on Twitter it posted bad numbers
Pretty strong traffic actually. PRASM not so much.
This is getting ridiculous lol JBLU did report bad traffic numbers which probably didn't help things
Just bought partial fluff back at $23.70 a little bit ago. Called it on StockTwits. Got another bid below. I'll sell anything over $25.
Getting hammered here
This year, which is only a few more weeks, I see the ceiling around $27-$28 TOPS. Like you stated, carriers like SAVE have the type of upside that we just saw ALK go to (over $80+). ALK was trading where UAL is trading not long ago. HA, SAVE, VA have big upside 2016. JBLU had top dog this year and has run up a lot.
King, do you see this going much past 27 this year? Thinking about get out put all in Save.
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NOVEMBER 23RD, 2015 DEVON LEFTOVICH BUSINESS NEWS 0 COMMENTS
Delta Air Lines, Inc. (NYSE:DAL) an raise 0.52% to close at $48.76 as compare to its fifty-two week range of 34.61 – 52.00. Chief Executive Officer of Delta Air Lines Inc. Richard Anderson stated that Boeing Co. executives provided him used wide-board of directors y jets for $10M, defending his comment a month before that he sees a bubble in long-haul planes. Anderson surprised a number of in aviation when, in an Oct. 14 earnings call, he stated Delta had been provided a 10-year-old Boeing 777-200 for that price. Analysts quickly challenged Anderson’s comment, suggesting a more appropriate price is about $40 million.
However, in a recorded message for employees, Anderson on Friday fingered Boeing as having made the proposal to Delta. “We got that value from Boeing executives who had provided us those airplanes at that price,” Anderson stated on the recording. He went on to say, “We were happy that Boeing provided Delta used 777s for $10 million.” Boeing had no response to Anderson’s message Friday, stated spokesman Doug Alder. Following the initial comments last month, Boeing CEO Dennis Muilenburg suggested the Delta chief’s valuation was off-base. New 777s sold for $170 million 10 years ago. . The total market capitalization remained 38.42 Billion. The firm is ahead its 52-week low of 41.26% and going down from its 52-week high price of -5.98%. Will this Buy rating lifts Delta Air Lines, Inc. massive rally for this year? Find Out Here
Separately, some of the notable components of this sector, which showed robust stock movement included: Southwest Airlines Co. (NYSE:LUV), JetBlue Airways Corporation (NASDAQ:JBLU)
Southwest Airlines Co. (NYSE:LUV) slightly up 0.96% to close the session at $47.32 having average volume of 6976.93. Southwest Airlines (LUV) reported that it several Leadership changes amid firm’s deep bench of top talent. The changes present opportunities for both promotions and new challenges for current Southwest Leaders, as the carrier continues its focus on delivering world-class Reliability and Hospitality.
Craig Drew, before Vice President, Flight Operations, has been promoted to a new position as Senior Vice President, Air Operations. This position will consolidate oversight of all the operating teams associated with moving aircraft comprising Flight Operations, Cabin Services, the Network Operations Control Center (NOC), and Regulatory Programs & Compliance. The stock held beta value of 0.80, while return on equity ratio was 26.40%. Can Southwest Airlines Co. make its way to investors watch list? Find Inside Facts Here
JetBlue Airways Corporation (NASDAQ:JBLU) closed at $25.85 with slightly up of 0.70% in last trading session. JetBlue Airways (JBLU) reported that first JetBlue LIVE concert experience in San Juan. In alliance with MasterCard and Banco Santander, JetBlue is providing an exclusive pop-up performance featuring popular Puerto Rican singer/songwriter and actor Pedro Capo. This concert will be accessible exclusively to lucky travelers, select Santander JetBlue MasterCard cardmembers and contest winners selected by Pedro Capo.
JetBlue LIVE is JetBlue’s signature live music platform and comprises the airline’s award-winning Live From T5 Concert Series. This will be the third JetBlue LIVE concert held outside of T5 at JFK Airport in New York. This also marks the first show in Puerto Rico. Past JetBlue LIVE concerts have featured Lady Antebellum and Gary Clark, Jr. The firm has yearly sales growth for the past five year of 12.10%. While past twelve months price to sales ratio recorded as 1.30 and price to cash ratio remained 7.19. Can JetBlue Airways Corporation turn tables following this earnings announcement? Read Full Report Here
TAGSDALDELTA AIR LINESJBLUJETBLUE AIRWAYS CORPORATIONLUVNASDAQ:JBLUNYSE:DALNYSE:LUVSOUTHWEST AIRLINES CO.
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Happy Veteran's Day sir! >> A belated thank you for that my friend. Some day's I so wish I was still back in the ole jet.
Can't believe we are down so much, as we don't fly international and oil is at $40?? Wall Street is stupid!!
Happy Veteran's Day sir!
I agree with you. A break of the 52 week high though sends this into a breakout like HA.
If we can get back up to $27+, I'm thinking about selling all. These airlines reach highs then they drive them back down. May buy back when it goes down though. I don't see it going to far past $27, what do you think?
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Marketwired
SOURCE: JetBlue
JetBlue
November 10, 2015 09:01 ET
JetBlue's Newest Barbados Route From South Florida Now on Sale
New Daily Round-Trip Service Connects Fort Lauderdale-Hollywood, Fla. and Barbados Beginning April 28, 2016
NEW YORK, NY--(Marketwired - November 10, 2015) - JetBlue (NASDAQ: JBLU) announced today that its new nonstop service between Fort Lauderdale-Hollywood International Airport (FLL) and Barbados' Grantley Adams International Airport (BGI) is now out for sale. JetBlue will operate once daily round-trip service between the two cities beginning Thursday, April 28, 2016, subject to receipt of government operating authority. Introductory fares are available beginning today starting at $99 one way (a).
The new route, announced in October by JetBlue President & CEO Robin Hayes at the Caribbean Tourism Organization's State of the Industry Conference, will offer customers a convenient direct link to South Florida. It will also allow for even more convenient connection options to Barbados from across the existing JetBlue network, including western U.S. destinations like Los Angeles, San Francisco and Las Vegas.
"Barbados has proven to be one of the most popular destinations in our expanding Caribbean network and we are so pleased to offer JetBlue customers even more ways to get to this great destination," said Dave Clark, vice president network planning, JetBlue. "This route not only reaffirms our commitment to Barbados, but also to our Fort Lauderdale focus city where JetBlue's presence continues to grow with an expanding list of nonstop flights."
This year JetBlue will operate nearly 100 daily flights at Fort Lauderdale-Hollywood International Airport to more than 40 destinations including 8 new destinations in 2015 from the South Florida focus city with three more beginning in 2016.
JetBlue first began operating flights to Barbados in 2009 from New York's John F. Kennedy International Airport (JFK). The airline launched service between Boston Logan International Airport (BOS) and Barbados this month and also introduced its acclaimed Mint experience on routes between New York's John F. Kennedy International Airport (JFK) and Barbados.
The island, which boasts over 3,000 hours of sunshine yearly is a popular destination for couples, families and business travelers.
"The announcement of JetBlue's daily service from Fort Lauderdale into Barbados is extremely exciting and lends us the opportunity to capitalize on the burgeoning demand for Barbados from this region especially amongst golfers," said Petra Roach, U.S. Director BTMI. "Fort Lauderdale will now be our third U.S. JetBlue gateway city offering more convenience and flexibility at great value for the U.S. traveler and our very important diaspora community."
Flight Schedule
FLL-BGI Flight #385 BGI-FLL Flight #386
8:00 a.m. - 11:49 a.m. 12:45 p.m. - 4:50 p.m.
JetBlue will serve the route with its spacious 150-seat Airbus A320 aircraft offering the airline's award-winning service featuring complimentary and unlimited name-brand snacks and soft drinks; free first-run Hollywood movies on flights to the Caribbean ; and the most legroom in coach (b).
JetBlue Getaways
For customers planning a vacation in Barbados, JetBlue Getaways provides the added convenience of offering flights, hotels, car rentals and other amenities and activities all in one package, helping save time and cost. Customer can book at http://www.jetblue.com/vacations. JetBlue Getaways customers also enjoy access to an exclusive 24-hour support desk dedicated to Getaways customers before, during and after their trip, as well as the JetBlue Getaways Best Price Guarantee (b) and TrueBlue customer loyalty points on every eligible dollar spent (c). More information can be found at http://www.jetblue.com/vacations.
About JetBlue Airways
JetBlue is New York's Hometown Airline™, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 32 million customers a year to 90 cities in the U.S., Caribbean, and Latin America with an average of 875 daily flights. For more information please visit JetBlue.com.
(a) BLUE fare shown. To learn more about our new fare options, go to https://www.jetblue.com/travel/our-fares/. Fares include government taxes and fees and must be purchased by 11/11/2015 (the earlier of 11:59 PM ET or local) for flights between 04/28/2016 - 06/15/2016. (Blackout Dates: 05/25/2016-05/28/2016) Limited exceptions apply; All fares are subject to limited availability; may not be available on all days or all flights; may change without notice; must be purchased at time of reservation; and are one-way, non-stop (except as otherwise noted), nonrefundable, and nontransferable. Proper documentation required for boarding. For BLUE fares, first checked bag is $20 by web check-in and kiosk or $25 at check-in counter and second bag is $35. Additional bags (over two) are $100 each. Weight and size limits and exceptions for itineraries including flights operated or marketed by other airlines also apply. Fares do not include fees for oversized, overweight or extra baggage or other fees for products/services sold separately. For baggage fees and other optional services, click here. All reservations made one week or more prior to a flight's departure may be cancelled without penalty up to 24 hours after the reservation is made. Changes and cancellations made 60 days or more prior to departure date: BLUE: $70 per person fee plus difference in fare. For BLUE fares under $100, $70 per person plus difference in fare; for BLUE fares between $100 and $149.99, $90 per person plus difference in fare; and for BLUE fares of $150 or more, $135 per person plus difference in fare. Cancellations receive JetBlue travel credit, valid for one year. Changes/cancellations must be made prior to scheduled departure (otherwise all money for fare is forfeited). For changes/cancellations, click here. Other restrictions apply.
(b) Based on average length/width of lie-flat beds on domestic flights operated by U.S. airlines.
CONTACT INFORMATION
MEDIA CONTACT
JetBlue Corporate Communications
Tel: +1 718 709 3089
corpcomm@jetblue.com
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I think right now this has become more of a traders stock. Probably a good long term hold later on but it has had a good run and there are now more variable in play than just dropping oil prices. The market has come back some but the Janet Yellen may raise interest rates is drub beat is getting ridiculous. Just do it or shut up about it. It's just a frickin fraction of a point anyway. Good grief.
Yea don't look a gift horse in the mouth!
I see a couple upgrades that's about it. I'll take it!
King, why are we up 5% today???
LUV is top dog right now. I'm waiting til the dust settles on these airlines bro.
King, are you going to put your fluff in another airline, who do you think is hot now, LUV ?
Stock is done for a while. All out fluff.
JetBlue Signs Co-Brand Card Deal With BarclayCard and MasterCard
Source: Dow Jones News
By Robin Sidel
JetBlue Airways Corp. (JBLU) said it has signed a deal to issue a new co-brand credit card with issuer BarclayCard that will be processed on the MasterCard Inc. (MA) network.
The company, which announced the new deal in a conference call to discuss quarterly earnings, said the new relationship will begin in the first quarter of 2016. It didn't disclose details of the new offering.
JetBlue previously had a co-brand arrangement with American Express Co. The Wall Street Journal reported in February that the deal wouldn't be renewed.
MasterCard also confirmed the new relationship. The card network will report earnings on Thursday.
Issuers and networks are competing aggressively for these co-brand deals because creditworthy consumers who use this type of plastic typically spend more on the cards in order to get rich rewards and other perks.
Write to Robin Sidel at Robin.Sidel@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 27, 2015 11:54 ET (15:54 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
It was a good report, Cramer crying about capacity and boom sell off.
WTF, people didn't see this as a good report.
So we get good news and then it jest grenades ?
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