What Wall Street Analysts Recommend for Spirit Airlines
As of September 21, 30.8% (four analysts) out of the 13 analysts tracking Spirit Airlines (SAVE) had a “strong buy” recommendation.
For the third quarter of 2017, Spirit Airlines’ (SAVE) revenues are estimated to grow 13.5% year-over-year or YoY to $704.5 million.
The problems for Spirit Airlines (SAVE) started in early May, when the company ended up canceling hundreds of flights.
Hurricane Harvey mainly hit Houston, one of Spirit Airlines’ (SAVE) major markets, accounting for almost 160 or 10% of the carrier’s flights.
After five months of improvement in capacity utilization, Spirit Airlines (SAVE) is back to its old ways. The carrier’s capacity growth has outpaced traffic growth…
Spirit Airlines’ traffic grew 20.6% year-over-year or YoY in August 2017, slightly lower than its capacity growth for the month.
After reducing capacity growth from mid-2016 to mid-2017, Spirit Airlines (SAVE) has again increased its capacity growth in the third quarter of 2017.
Since JetBlue Airways’ (JBLU) traffic growth has been lagging behind its capacity growth, utilizations have fallen for the third straight month.
The JetBlue Airways (JBLU) stock is down ~1.6% since September 14.
As of September 19, 2017, one analyst out of the 15 analysts tracking JetBlue Airways (JBLU) had a “strong buy” recommendation on the stock.
After clocking slow growth in 2016, analysts are estimating JetBlue Airways’ (JBLU) revenue to double in 2017.
For 3Q17, JetBlue is expecting unit costs (also known as cost per available seat mile or CASM-ex) to rise in the range of 1.5% to 3.5%.
For August 2017, JetBlue Airways’ (JBLU) traffic has risen 5.0% year-over-year (or YoY), lower than its capacity growth of 5.4% YoY.
JetBlue Airways’ capacity rose 5.4% year-over-year (or YoY) in August 2017.
The airline industry has maintained its stellar performance in the last five years.
Of the 17 analysts tracking American Airlines (AAL) on September 12, four analysts gave a “strong buy” recommendation on the stock. Three analysts gave a “buy” recommendation, and eight analysts gave a “hold” rating on AAL stock.
For 3Q17, American Airlines’ (AAL) earnings are expected to fall 14.8% YoY to $1.50 per share due to an 18.4% YoY decline in net profits.
American Airlines (AAL) stock rose almost 0.94% on September 12, the day of its traffic release.
For August 2017, AAL’s international traffic increased 6.9% year-over-year. Year-to-date, its international traffic has increased 5.5% YoY.