Revenue Update on JetBlue Airways Corporation(NASDAQ:JBLU)

JetBlue Airways Corporation(NASDAQ:JBLU) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.64B. Analysts estimated a revenue of $1.65B. Earnings per share were $0.53. Analysts had estimated an EPS of $0.49.

In a different note, On May 26, 2016, Barclays said it Terminates its rating on JetBlue Airways Corporation. The shares have been rated ‘Overweight’ by the firm.

JetBlue Airways Corporation (JBLU) shares turned negative on Fridays trading session with the shares closing down -0.38 points or -2.03% at a volume of 77,44,908. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.93. The peak price level was also seen at $18.93 while the days lowest was $18.28. Finally the shares closed at $18.33. The 52-week high of the shares is $27.36 while the 52-week low is $14.76. According to the latest information available, the market cap of the company is $5,905 M.

Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, James G Hnat (EVP & General Counsel) sold 1,000 shares at $18.54 per share price.Also, On Jul 7, 2016, Robin Hayes (CEO and President) sold 5,000 shares at $16.18 per share price.On Jul 6, 2016, Joel Clinton Peterson (director) sold 5,120 shares at $16.64 per share price, according to the Form-4 filing with the securities and exchange commission.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States Caribbean and Latin America. The Company operates Airbus A321 Airbus A320 and EMBRAER 190 aircraft types. The Company’s firm aircraft orders consists of approximately 33 Airbus A321 aircraft 25 Airbus A320 new engine option (A320neo) aircraft 45 Airbus A321 new engine option aircraft 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet which consists of approximately 13 Airbus A321 aircraft 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states the District of Columbia the Commonwealth of Puerto Rico the United States Virgin Islands and 17 countries in the Caribbean and Latin America.

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