Leading carrier JetBlue Airways Corporation (JBLU) provides air passenger transportation services. The company has been struggling to stay afloat due to omicron-related travel restrictions. It recently launched service between New York’s John F. Kennedy International Airport and Puerto Vallarta’s Gustavo Diaz Ordaz International Airport, expanding its service to the Mexican Pacific Coast. In addition, it exercised its option to add 30 additional Airbus A220-300 aircraft to its order book, to deliver more robust cost performance.
However, the stock has been hit hard by rising oil prices due to the U.S. ban on Russian oil imports. It has lost 19.8% over the past month to close yesterday’s trading session at $12.74. In addition, it is currently trading 42% below its 52-week high of $21.96, which it hit on April 6, 2021. Also, analysts expect its EPS to decline at a rate of 126.4% per annum over the next five years. So, JBLU’s near-term prospects look uncertain.
