Share to Twitter Share to Linkedin In recent months, progress in mass vaccination and growing passenger numbers at TSA checkpoints have been a boon for the airline industry. However, new coronavirus variants are triggering fears of more infection waves limiting international travel and tourism demand. The shares of JetBlue Airways (NASDAQ: JBLU) have reached pre-Covid levels unlike American, United, and Delta Air Lines. This can be largely attributed to the company's lower debt outstanding and high operating margin. The U.S. government initiated a third phase of payroll support in the first quarter as huge salary costs could trigger involuntary furloughs. Notably, the PSP-3 requires airlines to suspend dividends and share repurchases until September 2022. According to the Trefis Machine Learning Engine, which identifies trends in the company's historical stock price data, JetBlue Airways stock is likely to move 4.6% in the next one-month (twenty-one trading days) period after experiencing a 5.9% drop in the past week (five trading days). But how would these numbers change if you are interested in holding JetBlue Airways stock for a shorter or a longer time period? You can test the answer and many other combinations on the Trefis Machine Learning Engine to test JetBlue… Read full this story
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