On Wednesday, Stock Advisor pick JetBlue
- Revenue grew 24% year over year, thanks to a 12% increase in available seat miles and a 3.7% increase in the average fare.
- Operating and net margins remain in the red as higher expenses plague the airline industry, mainly from increasingly expensive jet fuel.
- Still, much like low-fare rival Southwest Airlines
(NYSE:LUV) , JetBlue's stock is trading within spitting distance of its 52-week low. Investors following the company in our Motley Fool CAPS investor intelligence database don't have much faith either, conferring just two of the maximum five stars upon the beleaguered discount carrier.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$608 |
$490 |
24.1% |
|
Net Profit |
($22) |
($32) |
N/A |
|
EPS |
($0.12) |
($0.18) |
N/A |
|
Diluted Shares |
178,204 |
173,246 |
2.9% |
Get back to basics with a look at the income statement.
Margin Checkup|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
34.38% |
32.65% |
1.73 |
|
Operating Margin |
(2.14%) |
(5.10%) |
2.96 |
|
Net Margin |
(3.62%) |
(6.53%) |
2.91 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$774 |
$419 |
84.7% |
|
Accounts Rec. |
$83 |
$123 |
(32.5%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$139 |
$102 |
36.3% |
|
Long-Term Debt |
$2,685 |
$2,154 |
24.7% |
Learn the ways of the balance sheet.
Cash Flow Checkup
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$147 |
$87 |
69% |
|
Capital Expenditures |
$212 |
$244 |
(13.1%) |
|
Free Cash Flow |
($65) |
($157) |
N/A |
Find out why Fools always follow the money.
Other Operating Metrics
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
ASM (in Millions) |
7,370 |
6,577 |
12.1 |
|
RASM (in Cents) |
8.25 |
7.46 |
10.6 |
|
CASM (in Cents) |
8.43 |
7.84 |
7.5 |
|
Load factor |
80.6% |
84.2% |
(3.6*) |
Find out more about airline operating metrics.
Related Foolishness:
- Will customers vouch for JetBlue?
- Hey, here's another reason not to invest in airlines.
- Oops. JetBlue is on the contrarian shopping list.
JetBlue is a Stock Advisor pick. Click here to get access to get 30 days of free access to the entire portfolio, which is beating the market by more than 38%.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Tim Beyers, ranked 3,251 out of more than 27,800 in CAPS, usually flies coach but will take first class any time he can get it. Tim owns shares of Southwest. All of his portfolio holdings can be found at Tim's Fool profile, and his thoughts on Foolishness and investing in general may be found in his blog. The Motley Fool's disclosure policy always adds up.
