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Why JetBlue Airways' August Performance Worried Investors

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Part 6
Why JetBlue Airways' August Performance Worried Investors PART 6 OF 7

How Did JetBlue Airways Stock Perform This Year?

JetBlue Airways stock

JetBlue Airways (JBLU) stock is down ~1.6% since September 14. All other airlines are also in the red. United Continental (UAL) is the biggest loser in the period with a 6.7% loss, followed by Spirit Airlines (SAVE), which has lost 6.5%, and American Airlines (AAL), which has lost 5.6%. Alaska Air Group (ALK) has lost 5.2% in the period, followed by Delta Air Lines (DAL), which has lost 2.2%, and Southwest Airlines (LUV), which has lost 2.0% in the same period.

How Did JetBlue Airways Stock Perform This Year?

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Year-to-date performance

All major airline carriers have lost value so far in 2017 though the recent recovery has helped offset some losses. Spirit Airlines is the biggest loser with a loss of almost 43.0% year-to-date (or YTD) as of September 19, 2017. United Continental has lost 19.9% year-to-date. Alaska Air has lost 17.6%, followed by JetBlue, which has lost ~14.5%. Legacy carrier American Airlines has lost only 2.9%, while Delta Air Lines has lost ~1.1% YTD. Southwest Airlines is the only airline stock to record a gain in the period. It has risen 19.9% YTD as of September 19, 2017.

Industry performance

The markets have performed quite well in 2017. The broader market tracked by the SPDR S&P 500 ETF (SPY) has risen 11.8% YTD.

Economic growth is a major factor impacting the airline industry demand, and thus the industry has closely tracked the market in the past. However, YTD, the Dow Jones U.S. Airline Index (DJUSAR) is in stark contrast to the rest of the market. DJUSAR has fallen 5.9% year-to-date.

Because air travel is in the discretionary spending category, it also makes sense to compare the airline industry performance to the consumer discretionary sector. The Consumer Discretionary SPDR ETF (XLY) rose ~9.7% during the same time.

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