Air Travel Demand and Lower Fuel Costs To Propel JetBlue's Turnaround: Analyst Upgrades Stock
Air Travel Demand and Lower Fuel Costs To Propel JetBlue's Turnaround: Analyst Upgrades Stock
The price target is 6.0x Didora's 2025E EBITDAR, in line with its long-term average. In his prior updates, the analyst returned to an EV/EBITDAR valuation methodology from EV/Sales as losses are decelerating from 2024-2026 at the net earnings level, driven by improving business fundamentals.BofA Securities analyst Andrew G. Didora upgraded JetBlue Airways Corp (NASDAQ:JBLU) from Underperform to Neutral, setting a price target of $6 from $3.
美銀證券分析師安德魯·迪多拉將捷藍航空公司（納斯達克股票代碼：JBLU）從表現不佳上調至中性，將目標股價從3美元定爲6美元。
Despite improving revenue trends, Didora acknowledged that JetBlue Airways' balance sheet remains challenged. The re-rating reflects fundamentals and a favorable industry backdrop.
儘管收入趨勢有所改善，但迪多拉承認捷藍航空的資產負債表仍然面臨挑戰。重新評級反映了基本面和有利的行業背景。
That said, contemplating JetBlue Airways' August debt transaction, Didora forecasted a nearly $3.7 billion liquidity position in 2026, almost 90% above 2019 levels, which he noted provides the company time to execute its turnaround plan.
儘管如此，考慮到捷藍航空8月份的債務交易，迪多拉預測2026年的流動性將達到近37億美元，比2019年的水平高出近90％，他指出，這爲該公司執行其週轉計劃提供了時間。
The price target is 6.0x Didora's 2025E EBITDAR, in line with its long-term average. In his prior updates, the analyst returned to an EV/EBITDAR valuation methodology from EV/Sales as losses are decelerating from 2024-2026 at the net earnings level, driven by improving business fundamentals.
目標股價是迪多拉2025年息稅折舊攤銷前利潤的6.0倍，與其長期平均水平一致。在之前的最新消息中，分析師回到了電動汽車/銷售的電動汽車/息稅折舊攤銷前利潤估值方法，因爲受業務基本面改善的推動，淨收益水平的虧損從2024-2026年開始減速。
Didora noted that air travel demand, as measured by Transportation Security Administration (TSA) throughput, has been stable in recent weeks as domestic capacity continues to moderate, coinciding with falling fuel prices.
迪多拉指出，根據美國運輸安全管理局（TSA）的吞吐量來衡量，由於國內運力持續放緩，加上燃油價格下跌，航空旅行需求在最近幾週一直保持穩定。
While the analyst noted these recent trends as an industry tailwind, he noted JetBlue Airways' positioning is further supported by ongoing self-help measures, as demonstrated by last week's positive investor update.
儘管分析師指出最近的這些趨勢是行業的利好因素，但他指出，捷藍航空的定位得到了持續的自助措施的進一步支持，上週積極的投資者最新消息就證明了這一點。
In last week's investor update, JetBlue Airways spoke to improving revenue trends, especially in Latin America, which had posed headwinds earlier this year. The airline also benefits from ongoing revenue initiatives supported by the JetForward plan.
在上週的投資者最新消息中，捷藍航空談到了收入趨勢的改善，尤其是在拉丁美洲，這在今年早些時候構成了不利因素。該航空公司還受益於JetForward計劃支持的持續收入計劃。
Didora forecasts fiscal third-quarter and fiscal 2024 unit revenues of +4.2% and +0.5% from his previous +0.9%and -1.2% and flow through the latest fuel curve. The analyst raised his third-quarter, fiscal 2024 and fiscal 2025 EPS estimates to $(0.17), $(0.65), $(0.26) from $(0.49), $(1.26) and $(0.94) previously.
迪多拉預測，第三財季和2024財年的單位收入將從之前的+0.9％和-1.2％分別增長4.2％和0.5％，並將流經最新的燃料曲線。該分析師將第三季度、2024財年和2025財年的每股收益預期從之前的0.49美元、1.26美元（1.26美元）和0.94美元（0.94美元）上調至美元（0.17美元）、（0.65美元）、（0.26美元）。
Price Action: JBLU stock is up 8.77% at $5.77 at the last check on Monday.
價格走勢：週一最後一次支票時，JBLU股價上漲8.77％，至5.77美元。
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譯文內容由第三人軟體翻譯。