Forecast Of The Day: JetBlue’s Domestic Occupancy Rate

by Trefis Team
JetBlue Airways
Rate   |   votes   |   Share


JetBlue’s (NASDAQ:JBLU) Domestic Occupancy Rate – which is the percentage of seats occupied by revenue-paying passengers in a flight – declined from around 84% in 2019 to about 57% in 2020. Trefis expects the number to recover to about 72% in 2021 and 82% in 2022.


While the number declined sharply in 2020 due to the Covid-19 related lockdowns and travel restrictions, progress with mass vaccination programs is likely to lead to a gradual recovery in air passenger numbers.

So What?

We think that the projected recovery isn’t yet priced into JetBlue stock. We value JetBlue at about $20 per share, compared to the current market price of about $15.

See Our Complete Analysis For Jet Blue

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams

Rate   |   votes   |   Share


Name (Required)
Email (Required, but never displayed)
Be the first to comment!