“JetBlue Airways’ Q3 Revenue Slumps 76%…”
October 28, 2020
“JetBlue Airways, a major American low-cost airline, reported that its revenue slumped 76% year-over-year… The passenger carrier company reported a net loss of $393 million or $1.44 in the third quarter of 2020, worst compared to a $187 million profit same period a year ago. Adjusted loss per share was $1.75 in the third quarter of 2020 versus adjusted diluted earnings per share of $0.59 in the third quarter of 2019…
“JetBlue reported 3Q20 adjusted loss slightly better than our and the consensus estimate. The company is seeing modestly improving revenue and demand trends in 4Q20 driven by momentum in leisure and VFR demand,” said Helane Becker, equity analyst at Cowen and Company, who gave a price target of $10…”
https://finance.yahoo.com/news/jetblue-airways-q3-revenue-slumps-131355232.html
I’m going to tell you the absolute best time to buy airline stock. When business returns back to normal buy immediately. The economy as a whole as slowed down and people feel less inclined to travel. Normally I don’t give hard dates here but around late January, depending on the situation, at the latest if anyone is interested in travel stock they should get in by then. Make sure to watch the market because it might be a good idea to get in a little sooner but right now I think waiting for late January is a good idea.
Also keep in mind I say late January at most but I can’t just upload an article telling my readers the exact moment to buy. By the time I came here and said “buy this stock” it would be to late. The only way to do that is to predict ahead of time.