Forecast Of The Day: JetBlue’s Domestic Occupancy Rate
What?
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.
Why?
- What’s Happening With JetBlue Stock?
- 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?
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