Dallas, Texas 10/16/2013 (Financialstrend) – JetBlue Airways Corporation (NASDAQ:JBLU) will announce operational and financial results for its third quarter 2013 on October 29. Investors of the stock would be tracking the results to decipher the likely impact the government shutdown has had on the operations and financial positions of the transport provider.
Analysts who monitor and track Airline fundamentals have assessed the fallout from the shutdown on passenger traffic during the first 10 days to arrive at a conclusion that the shutdown has not induced any major dip in flights so far. Sceptics among them have been commenting on the sidelines that the adverse effect of the shutdown will be felt in the form of flight cancelations and delays over the next few days and weeks. Based on the robust growth in passenger traffic that JetBlue has announced in September, investors and trade analysts are predicting a strong showing in terms of operational profits for the 3Q. Earlier in the month, JBLU had announced that its September traffic had increased by 1.6%.
In a bid to retain its frequent flyer customers and wean away customers from competition in these uncertain times, JetBlue has announced a loyalty program which will allow members of a single family or their friends to pool in their flying miles. JetBlue has indicated that this will allow flying points that children and friends accumulated could be shared amongst the members of the family pool that needs to be registered with the bank beforehand.
Shares of this $1.93 billion market capped company were trading at $6.89 per share, down 1.29% during trading on October 15. The stock had rallied 3.9% during last week of trading and by close to 35% over the past one year. Analysts have a PT of $7.55 per share which would be in line with the 52 week high valuation of the stock.
