Jetblueairways — Trading Ideas on TradingView

JetBlue Airways | JBLU | Long at $5.92 JetBlue NASDAQ: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: Anticipating a Pullback for a Strategic Entry I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. JetBlue Airways Corporation ( NASDAQ:JBLU ): Anticipating a Pullback for a Strategic Entry Trade Setup: - Anticipated Entry Price: $5.27 - Stop-Loss: $3.72 - Take-Profit Targets: - TP1: $9.52 - TP2: $14.23 Company Overview: JetBlue Airways Corporation ( NASDAQ:JBLU ) continues to work toward recovery in a challenging airline market. While the stock is currently trading at $7.16, the anticipated pullback to $5.27 would provide an attractive entry point for traders seeking to capitalize on a recovery in passenger volumes and operational improvements. Earnings Reports: - Q3 2024 revenues came in at **$2.5 billion**, a **6.5% year-over-year increase**, supported by higher passenger demand. - Improved cost management resulted in **$185 million in net income**, reflecting significant progress compared to losses in previous periods. Valuation Metrics: - Price-to-Earnings (P/E) Ratio: **12.4**, highlighting potential undervaluation relative to peers. - Price-to-Book (P/B) Ratio: **0.8**, suggesting upside potential as the stock remains below its book value. Market News: - JetBlue is expanding international routes, aiming for higher revenue streams through underserved markets. - Continued cost-cutting measures and improved operational efficiency are likely to strengthen the company’s financial health over time. Technical Analysis (Daily Timeframe): - Current Price: $7.16 - Moving Averages: - 50-Day SMA: $6.50 - 200-Day SMA: $6.80 - Relative Strength Index (RSI): Currently at 65, signaling that the current rally could soon face resistance and lead to a pullback. - Support and Resistance Levels: - Immediate Support: $6.50 - Anticipated Support: $5.27 (entry target) - Resistance: $7.50 With NASDAQ:JBLU currently trading above $7.00, the RSI suggests overbought conditions, increasing the likelihood of a short-term pullback. The expected entry at $5.27 aligns with prior support levels, making it an ideal price for a recovery-focused setup. Risk Management: A stop-loss at $3.72 minimizes downside exposure, while take-profit targets at $9.52 and $14.23 offer significant upside potential of **80%** and **170%**, respectively, from the anticipated entry point. Key Takeaways: - Awaiting a pullback to $5.27 for an ideal entry point into NASDAQ:JBLU ’s recovery story. - Favorable risk-to-reward ratios make this a compelling opportunity for both swing and long-term investors. - Patience and strict adherence to the trade setup are essential for capturing this move. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*

JetBlue Airways Skyrockets on Spirit Airlines Bankruptcy Rumors Shares of JetBlue Airways (NASDAQ: NASDAQ:JBLU ) soared by nearly 15% on Friday following a report that Spirit Airlines ( NYSE:SAVE ) is in discussions about a potential bankruptcy filing. The news triggered a wave of optimism among investors, boosting JetBlue and other major players like Frontier Group Holdings ( NASDAQ:ULCC ). Spirit’s struggles, amplified by failed mergers and mounting debt, have left it in a precarious financial situation, opening up significant opportunities for competitors like JetBlue. Spirit Airlines' Financial Struggles: A Boon for JetBlue Spirit Airlines, once a major contender in the budget airline market, has faced significant turbulence in recent years. After the collapse of a $3.8 billion merger deal with JetBlue earlier this year, Spirit’s financial health has deteriorated. The budget carrier reported steep Q2 losses of $192.9 million and is grappling with a staggering $3.3 billion debt load, with over $1.1 billion in secured bonds coming due within the next year. Discussions are now underway with bondholders for a Chapter 11 bankruptcy filing. With Spirit struggling to navigate through its financial woes, JetBlue (NASDAQ: NASDAQ:JBLU ) finds itself in a favorable position. JetBlue’s stock rallied in response to the news, reflecting investor confidence that the downfall of a major rival could clear a path for JetBlue to strengthen its foothold in the domestic airline industry. Notably, the potential removal of Spirit from the competitive landscape could help JetBlue reduce price pressure and solidify its market share among cost-conscious travelers. Failed Merger Fallout JetBlue’s bid to acquire Spirit earlier this year was blocked by U.S. regulators on antitrust grounds, leaving both companies in limbo. Spirit’s inability to finalize a merger left it in a vulnerable position, and the increasing competitive pressure from both low-cost and traditional carriers added to its challenges. While the failed merger was a setback for JetBlue, the company seems to be bouncing back quickly. Its stock has surged over 30% year-to-date, and the possibility of Spirit’s bankruptcy may further embolden JetBlue’s expansion strategy. Outlook JetBlue (NASDAQ: NASDAQ:JBLU ) is showing signs of resilience. The company has consistently met earnings expectations and is poised to benefit from reduced competition in the budget airline space. Analysts project a strong outlook, with JetBlue’s focus on cost management and operational efficiency likely to bolster its market position. Technically, JetBlue (NASDAQ: NASDAQ:JBLU ) is enjoying a bullish run. The stock is currently trading 14.87% higher, pushing its price to $7.20 at the time of writing. The RSI (Relative Strength Index) stands at 75, indicating an overbought condition, though the current rally shows no immediate signs of cooling off. Key moving averages, including the 50-day and 200-day averages, signal continued upward momentum. Additionally, the MACD (Moving Average Convergence Divergence) stands at 0.1037, affirming the stock’s bullish trend. Immediate resistance for NASDAQ:JBLU is found at the $7 pivot, and if it breaks through, the stock could climb further. However, traders should watch for a potential pullback, with support at $6.80. A dip below this level could trigger short-term selling pressure, but the stock remains solid overall with strong fundamentals backing its ascent. Broader Airline Market Sentiment JetBlue (NASDAQ: NASDAQ:JBLU ) isn’t the only airline seeing gains from the Spirit news. Frontier Group Holdings ( NASDAQ:ULCC ), another discount carrier, surged by 21%, as investors foresee a less competitive landscape in the budget sector. Shares of major airlines such as American Airlines ( NASDAQ:AAL ), Delta Air Lines ( NYSE:DAL ), Southwest Airlines ( NYSE:LUV ), and United Airlines ( NASDAQ:UAL ) also received a boost, reflecting broader investor sentiment that Spirit’s downfall could ease competitive pressures across the industry. Looking Ahead JetBlue’s performance in the coming weeks will depend on how the Spirit situation unfolds. A Chapter 11 filing could ultimately reshape the competitive dynamics of the low-cost airline market, giving JetBlue more room to maneuver. With its stock currently in a bullish trend and broader positive sentiment across the airline sector, JetBlue appears well-positioned to capitalize on Spirit’s misfortunes. Investors should remain cautious of short-term volatility, but with strong technicals and positive industry fundamentals, JetBlue’s upward trajectory seems likely to continue.

JetBlue Stock's Debt, Downgrades, and Market Response JetBlue Airways Corp. (NASDAQ: NASDAQ:JBLU ) is facing a challenging moment as its stock plummeted over 21% in Monday’s intraday trading, with further declines into Tuesday premarket. The dramatic drop comes in the wake of the company’s announcement to raise over $3 billion in debt and a series of credit downgrades from major rating agencies. Debt Financing and Credit Downgrades JetBlue (NASDAQ: NASDAQ:JBLU ) is intensifying its financial strategies by offering $1.5 billion in senior secured notes, a $1.25 billion term loan backed by its TrueBlue loyalty program, and an additional $400 million through convertible notes. This massive debt issuance aims to bolster the airline’s financial stability but has triggered substantial concerns in the market. Credit Rating Agencies have responded by downgrading JetBlue’s ratings: - Moody’s lowered JetBlue’s rating to B3 from B2, citing the significant time required for the company to improve its operating profit and cash flow to justify an upgrade. - S&P Global reduced its issuer credit rating to B- from B, anticipating persistent weakness due to factors like excess industry capacity and rising labor costs. - Fitch Ratings affirmed its B rating for JetBlue but adjusted its senior secured debt ratings to BB-/RR2 from BB/RR1. These downgrades reflect ongoing challenges for JetBlue (NASDAQ: NASDAQ:JBLU ), including heightened competition on the East Coast and constraints related to its operational capacity. Market Reaction and Stock Performance The market has reacted sharply, with JetBlue’s stock dropping over 14% year-to-date. The latest premarket trading saw a 4% decline, bringing the share price down to approximately $4.50. Despite JetBlue's efforts to secure financing and repurchase existing convertible notes, investor sentiment remains cautious. It is noteworthy that JetBlue (NASDAQ: NASDAQ:JBLU ) stock concluded Monday's trading session with a Relative Strength Index (RSI) of 36.44, signaling an oversold condition. Furthermore, there exists a substantial likelihood of a decline, given the 4% premarket trading decrease. The prevailing indicators converge towards a support threshold at $4.12. Strategic Moves and Future Outlook JetBlue’s strategy includes using the proceeds from the new debt offerings to address existing convertible notes and cover related expenses. The airline’s decision to issue more debt is a critical step in navigating its financial challenges but has spurred concern about the long-term impacts on its creditworthiness and operational stability. Conclusion JetBlue's recent financial maneuvers and subsequent credit downgrades highlight the turbulence the airline is navigating. As it seeks to raise capital and stabilize its position, the market will closely monitor how these strategies play out against the backdrop of industry challenges and competitive pressures. Stay tuned for more updates on JetBlue’s performance and market reactions.

JetBlue Lowers Annual Revenue Forecast Stock Falls 16%JetBlue Airways ( NASDAQ:JBLU ) has revised its annual revenue forecast downwards, in light of its lackluster first-quarter revenue results. The company has attributed its disappointing revenue performance to an overabundance of capacity in the Latin American market, which has resulted in a more than 16% decline in its premarket stock value. JetBlue ( NASDAQ:JBLU ) remains committed to returning to profitability and has recently outlined measures to achieve this, including cutting unprofitable routes and markets such as Bogota in Colombia and Lima in Peru, and reallocating resources to better-performing regions. While the airline has reported healthy demand during peak periods and noted successful performance of its premium seating options, it has warned that oversupply in the Latin American market will impede its business for the remainder of the year. According to a regulatory filing, the Caribbean and Latin American regions accounted for over a third of JetBlue's overall capacity in 2023. JetBlue ( NASDAQ:JBLU ) has adjusted its fiscal 2024 revenue forecast to a low-single-digit percentage decline, an update from its previous estimate of revenue being relatively stable. Analysts had previously expected full-year revenue to dip slightly to $9.61 billion, according to LSEG data. The company has forecasted that second-quarter revenue will fall between 6.5% and 10.5%, compared to earlier estimates of a near 4% drop. Citi Research analyst Stephen Trent has commented that "the Q2 and full-year revenue guide looked a little worse than expected ... not nearly as strong as recently reported results from some of the carrier's full-service peers." Despite upbeat current-quarter forecasts from United Airlines and Delta Air Lines in recent weeks, JetBlue's report has negatively impacted airline stocks on Tuesday. American Airlines and Southwest Airlines are expected to report quarterly earnings later this week and have already seen a 3% and 1% decline, respectively. United Airlines, Delta Air Lines, and Alaska Air have also slipped by approximately 1%. JetBlue's efforts to cut costs have shown positive signs. Its adjusted per-share loss of 43 cents in the quarter ended March 31 was smaller than the anticipated 52-cent loss. Its total operating revenue fell 5.1% to $2.21 billion, in line with expectations.

JBLU Bullish after JetBlue - Spirit merger was Blocked JetBlue's $3.8 billion buyout of Spirit Airlines was blocked by a judge, citing a threat to competition! After the news, SAVE went down, while JBLU surged from $4.54 to $5.45! However, today it continued the 6 month downtrend and closed at $4.68. This might seem like business as usual on Wall Street, except for the presence of some aggressive blocks of calls with strike prices of $6 and $7 on JetBlue's options chain, across multiple expiration dates! The most commonly chosen expiration date was February 16, following the earnings release. This leads me to believe that we might witness excellent results from the upcoming earnings report. JBLU was trading at $9.45 just 6 months ago. Its decline was not due to fundamentals but rather on the potential buyout of SAVE. Now that the deal is off the table, I expect JBLU to rise back up. I'm extremely bullish on JBLU ahead of earnings!

JBLU: Bullish Trade for the Week Gaps closed on the Daily Chart: This is purely a Weekly Trade on JBLU for a close above 11.82 by end of the week. If using Options you can extend the expiration date out, use vertical spreads, etc. Trade Small and average in, as applicable to your trading plan. Our back testing has a 5 out of 6 rating; therefore, 83% historical probability of closing above this lower DOM C parameter.

JetBlue Airways (NASDAQ: $JBLU) Ready For Take Off! 🛫JetBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America. JetBlue Airways Corporation has a strategic partnership with American Airlines Group Inc. to create connectivity for travelers in the Northeast. The company was incorporated in 1998 and is based in Long Island City, New York.