The summer season has been predominantly good for all airlines so as long as JBLU doesn't have massive expenses or unforeseen costs associated with respect to software and computer updates and hardware then I expect the next 10Q to be good, but that alone will not drive the stock price up. I think new routes and somehow getting away from all the price wars with other airlines will be the driving force for stock.
I also think a merger or some form of acquisition with a regional international carrier is something that JBLU needs in its quest to be considered one of the true major carriers on an international level
The Spirit deal has and will create headaches and that is why I think some other type of M&A is necessary. Truth is I am not a fan of the Spirit deal, unless JBLU believes Spirit has that many loyal customers and those customers will use JBLU for routes that Spirit does not fly. But that is something only JBLU and Spirit management know because they have all the data on customers.
But it better be good for cross-selling to the other airline customers post closing of the deal.
$2 Billion market cap does seem quite low for their revenues, assets, cash flow and future expectations.