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Zacks Analyst Blog Highlights: Azul, American Airlines, JetBlue Airways and Spirit Airlines

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Chicago, IL – February 28, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: Azul AZUL, American Airlines AAL, JetBlue Airways JBLU and Spirit Airlines SAVE.

Here are highlights from Friday’s analyst blog:

Airline inventory roundup: AAL, JBLU and more

Last week, Azul announced a larger-than-expected loss per share for the fourth quarter of 2021. However, revenue not only exceeded Zacks’ consensus estimate, but also improved more than 100% year over year. on the other, thanks to the improvement in demand for air travel in Brazil. On the unpaid front, American airlines was the main newscaster when he announced the decision to cut international flights this summer due to Boeing 787-8 delivery delays.

Meanwhile, an update related to the expansion was available onJet Blue Airways as demand for air travel improved in the United States. Carried by the same factor, Spirit Airlines also announced plans to launch an additional route this summer.

Summary of the latest Top Stories

1. Azul, currently carrying a Zacks Rank #3 (Hold), suffered a loss (excluding 69 cents of one-time items) of 58 cents per share in the fourth quarter of 2021, above the Zacks consensus estimate of a loss of 53 cents. The amount of loss, however, has been decreasing year by year. Total revenue of $668.4 million beat Zacks’ consensus estimate of $628.7 million and was up more than 100% year-over-year as demand for online travel plane was improving, thanks to widespread vaccination programs in Brazil.

With more and more people taking flight, Azul’s passenger revenue, which accounts for 91% of revenue, soared more than 100% year-over-year. Freight and other revenue jumped 30.8% year-over-year, driven primarily by upbeat demand for Azul’s logistics solutions. Consolidated traffic, measured in revenue passenger kilometers (RPK), increased 49.2% (up 46.9% domestic and 83.1% international) year-on-year other.

Consolidated available seat kilometers (ASK), which measures an airline’s passenger carrying capacity, were up 46.5% compared to the same period last year, with an increase of 48.6% international capacity. The same increased by 46.3% on the home front. Because the increase in traffic was less than the amount of capacity expansion, the load factor (percentage of seats filled with passengers) improved by 1.5 percentage points to 82.2%.

You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

2. With Boeing likely to deliver only 10,787 Dreamliner planes to American Airlines in 2022 due to production issues from the original plan of 13, AAL is delaying service launch, temporarily suspending some flights and reducing frequency of flights. flights on a route.

Despite the reduction in its international schedule this summer, American Airlines will offer nearly 6,000 departures on peak days. In a filing with the SEC, AAL said, “Our 787-8 aircraft are an essential part of our fleet. And despite the ongoing delay, we still have tremendous confidence in the aircraft and will continue to work with Boeing on their delivery. »

3. In an effort to expand its network, JetBlue has launched nonstop flights between John F. Kennedy International Airport (JFK) in New York and Gustavo Diaz Ordaz International Airport in Puerto Vallarta, strengthening its presence in Mexico. Service from Puerto Vallarta, which began Feb. 19, will operate four times a week. Puerto Vallarta is the third destination served by JetBlue in Mexico.

JetBlue made news recently when it decided to expand its fleet by ordering more Airbus A220s. News related to JetBlue’s fleet was reported in detail in the previous week’s editorial.

4. Due to strong demand for air travel in the United States, Spirit Airlines reportedly plans to launch nonstop seasonal flights this summer between Milwaukee Mitchell International Airport and Myrtle Beach, SC. The flights will operate from May 27. Initially, they will operate on Fridays and Mondays. However, starting June 17, the service that will operate over the Labor Day weekend will be available on Mondays, Wednesdays and Fridays. Clearly, Myrtle Beach is SAVE’s ninth nonstop destination from Milwaukee.

What’s next in airspace?

With earnings season over in the airspace, stay tuned for the usual updates in the space.

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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.

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JetBlue Airways Corporation (JBLU): Free Inventory Analysis Report

American Airlines Group Inc. (AAL): Free Inventory Analysis Report

Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report

AZUL (AZUL): Free Stock Analysis Report

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