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0.00042789901583233 0 -0.00128369704749684 -0.000941377834830914 0.00213949507916135 0.00299529311082586 -0.00042789901583233 0.00128369704749684
Stock impact report

JetBlue Shares Climb on Upbeat Update [TheStreet.com]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: TheStreet.com
Shares of JetBlue(JBLUGet ReportJetBlue now expects its average cash burn to be closer to $7 million than $9 million a day as it cuts scheduled capacity 55% from a year earlier. Its previous planning assumed a decrease of at least 45%.Since early August, JetBlue said in a Securities and Exchange Commission Form 8-K, it has seen "modest improvement in revenue and booking trends, driven by visiting friends and relatives and leisure demand.".The company said these estimates are assumptions as of this week and do not constitute actual guidance.Earlier this month, analysts at Morgan Stanley initiated coverage of the stock with an overweight rating and $16 price target.“We are bullish on the timeline of recovery in airline traffic which underpins our attractive industry view and drives significant upside to our average price target,” analyst Ravi Shanker wrote.Passengers will return first to airlines with heavy exposure to domestic leisure travel, return to medium-distance flights and to ai Show less Read more
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