After a solid fiscal 2013, JetBlue Airways Corporation (JBLU) is expected to deliver somewhat weaker results for the first quarter of 2014. The rough winter climate will likely reduce revenue by approximately $45 million and operating income by $30 million for quarter one, with this year’s Easter set in April instead of March, further affecting performance. Also, the snowstorm that hit the U.S. at the beginning of March forced the company to cancel several flights from the Aeropuerto Internacional de Las Américas (AILA) to New York, causing concern among customers.
Nonetheless, despite climatic difficulties, this airline has been performing very well, boosting its Neutral rating to an Outperform rating. So, with investment gurus like Stanley Druckenmiller (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) buying this firm’s shares last quarter, let’s see what the future holds. Continue Reading »