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Is JetBlue Airways Setting Up for a Breakdown? -Breaking

by Mike Robinson

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© Reuters. JetBlue Airways is Preparing for a Recover?

JetBlue Airways Corp. has established a support line in its chart (NASDAQ. It has reached that level several times before and appears to be returning to it. A breakout can be expected if the stock falls below this level. Learn how you can profit from this trade. JetBlue Airways Corp. (JBLU), a low-cost carrier, offers excellent service including assigned seats and entertainment in the cockpit. With an average daily flight frequency of over 1,000, it serves more than 99 locations in Latin America and the Caribbean.

This was its seventh consecutive quarter of loss. However, the company’s passenger revenues increased more than 100 percent year-over-year due to greater air-travel demand. However, fuel costs may be a problem.

JBLU’s balance sheet is strong, with $3.3 Billion in cash at the end of the most recent quarter. This compares to the short-term $391million debt. According to our POWR Ratings, growth is expected to increase sales by 176.8% annually in this quarter.

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