Forecast Of The Day: JetBlue’s Passenger Yield

December 21st, 2022 by Trefis Team
-14.43%
Downside
7.10
Market
6.08
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?

Relevant Articles
  1. What’s Happening With JetBlue Stock?
  2. Will JetBlue Stock Rebound To Its 2021 Highs of Over $20?
  3. What’s Next For JetBlue Stock After A Sharp 19% Fall Post Q1 Results?
  4. Gaining Over 20% This Year, What Lies Ahead For JetBlue Stock Following Q1 Results?
  5. Should You Pick JetBlue Stock At $6 After Q4 Beat?
  6. What’s Next For JetBlue Stock After A 35% Fall This Year?

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

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.
Invest with Trefis Market-Beating Portfolios

See all Trefis Price Estimates