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The company posted a loss in third-quarter, making it the seventh successive quarterly loss. But passenger revenue did increase by more than 100% year over year due to an improvement of air-travel demand. Unfortunately, increasing fuel prices may eat into its bottom line.
JBLU has a strong balance sheet with $3.3 billion in cash as of the latest quarter. This compares favorably to only $391 million in short-term debt. As for growth, Analysts expect sales to jump 176.8% year over year in the current quarter, leading to a Growth Grade of B in our POWR Ratings system.
