Forecast Of The Day: JetBlue’s Passenger Yield

-5.16%
Downside
6.75
Market
6.40
Trefis
JBLU: JetBlue Airways logo
JBLU
JetBlue Airways

What?

JetBlue’s Passenger Yield – which refers to the average revenue received by JetBlue from each revenue-paying passenger per mile of flight – declined from $0.145 in 2019 to $0.136 in 2021. However, we expect the metric to grow to over $0.150 in 2022.

Why?

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While the figure fell in 2020 and 2021 due to the impact of Covid-19, we expect to see a recovery going forward as travel demand rises.

So What?

We remain positive on JBLU stock with a $11 price estimate, which is about 60% ahead of the current market price.

See Our Complete Analysis For JetBlue

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