Forecast Of The Day: JetBlue’s Passenger Yield
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?
- Will JetBlue Stock Rebound To Its 2021 Highs of Over $20?
- What’s Next For JetBlue Stock After A Sharp 19% Fall Post Q1 Results?
- Gaining Over 20% This Year, What Lies Ahead For JetBlue Stock Following Q1 Results?
- Should You Pick JetBlue Stock At $6 After Q4 Beat?
- What’s Next For JetBlue Stock After A 35% Fall This Year?
- Here’s What To Expect From JetBlue’s Q2
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
