fifty30retard
Forgiven
- Joined
- Aug 15, 2005
- Posts
- 312
Bash away....have fun! 
AP
Earnings Preview: JetBlue Airways
Monday January 30, 4:24 pm ET
NEW YORK (AP) -- Low-cost airline carrier JetBlue Airways Corp. reports earnings for the fourth quarter on Wednesday, Feb. 1. The following is a summary of key developments and analyst opinion related to the period.
EXPECTATIONS: Analysts expect the company to post a loss of 14 cents per share, according to Thomson Financial.
ANALYST TAKE: Lower-than-expected traffic growth of 22 percent prompted Citigroup'st Andrew Light to reduce his quarterly revenue estimate to $447 million from $462 million. However, the analyst said fuel costs were also lower than forecast -- now estimated to be $1.77 per gallon versus a prior prediction of $1.90. Still, the cost of jet fuel remained persistently higher compared with the prior year. Light sees a slightly wider loss of 15 cents per share.
QUARTER DEVELOPMENTS: JetBlue began construction of a new $875 million passenger terminal at New York's Kennedy International Airport that will allow the airline to more than double its daily flights. The company planned to raise $135 million through a public offering of 7.5 million shares to raise funds for working capital and aircraft purchases.
COMPETITORS: Virgin's new U.S.-based low-fare airline on Thursday submitted an application for federal certification after lining up $177.3 million in financing that was led by a group of American investors who will assume majority ownership of the carrier.
Delta Air Lines Inc. and Northwest Airlines Corp. continued their respective reorganizations under Chapter 11 bankruptcy.
Meanwhile, United Airlines parent UAL Corp. made final preparations to exit its three-year long stint in bankruptcy. On Friday, UAL reported a fourth-quarter operating loss of $182 million, as fuel costs were up 44 percent from the prior year.
STOCK PERFORMANCE: JetBlue shares hit their year high and low during the fourth quarter, having traded at a 52-week low of $11.34 in October and a high of $16.85 in December.
AP
Earnings Preview: JetBlue Airways
Monday January 30, 4:24 pm ET
NEW YORK (AP) -- Low-cost airline carrier JetBlue Airways Corp. reports earnings for the fourth quarter on Wednesday, Feb. 1. The following is a summary of key developments and analyst opinion related to the period.
EXPECTATIONS: Analysts expect the company to post a loss of 14 cents per share, according to Thomson Financial.
ANALYST TAKE: Lower-than-expected traffic growth of 22 percent prompted Citigroup'st Andrew Light to reduce his quarterly revenue estimate to $447 million from $462 million. However, the analyst said fuel costs were also lower than forecast -- now estimated to be $1.77 per gallon versus a prior prediction of $1.90. Still, the cost of jet fuel remained persistently higher compared with the prior year. Light sees a slightly wider loss of 15 cents per share.
QUARTER DEVELOPMENTS: JetBlue began construction of a new $875 million passenger terminal at New York's Kennedy International Airport that will allow the airline to more than double its daily flights. The company planned to raise $135 million through a public offering of 7.5 million shares to raise funds for working capital and aircraft purchases.
COMPETITORS: Virgin's new U.S.-based low-fare airline on Thursday submitted an application for federal certification after lining up $177.3 million in financing that was led by a group of American investors who will assume majority ownership of the carrier.
Delta Air Lines Inc. and Northwest Airlines Corp. continued their respective reorganizations under Chapter 11 bankruptcy.
Meanwhile, United Airlines parent UAL Corp. made final preparations to exit its three-year long stint in bankruptcy. On Friday, UAL reported a fourth-quarter operating loss of $182 million, as fuel costs were up 44 percent from the prior year.
STOCK PERFORMANCE: JetBlue shares hit their year high and low during the fourth quarter, having traded at a 52-week low of $11.34 in October and a high of $16.85 in December.
