Forecast Of The Day: JetBlue’s Passenger Yield
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.
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.
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