GO
Loading...

Call to the Floor – JetBlue CEO Dave Barger

Shares of Jet Blue lost altitude on Tuesday after the company released disappointing earnings.

By the numbers, the airline earned $25 million, or 8 cents per share, compared with year-ago results of $31 million, or 10 cents per share. Revenue rose 22 percent to $1.15 billion.

Analysts polled by FactSet Research expected a profit of 9 cents per share on $1.13 billion in sales.

Rising fuel costs were among the major headwinds with JetBlue paying 58 percent more for fuel between April and June than it did the year before. Maintenance costs rose by 29 percent.

However, on a bright note, JetBlue flew about 8 percent more passengers in the three-month period than it did a year ago, and it made 14 percent more per passenger, mostly due to higher fares.

Capacity, or number of available seats, grew by 9 percent as the airline continued its expansion in and out of Boston and the Caribbean. Although planes were not as full as a year ago, occupancy rates still topped 80 percent on average.

Was the stock oversold on these earnings? Or should you run for the exits?

Don't make a move until you check out our exclusive conversation with JetBlue CEO Dave Barger. Watch the video now!





______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On July 26th 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Nathan is short (AAPL) puts; Nathan owns (BAC) calls; Nathan owns S&P 500 puts; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Finerman's Firm And Finerman Own (AAPL); Finerman's Firm owns (BAC) leaps and Finerman Owns (BAC); Finerman's Firm owns (JPM) leaps and Finerman Owns (JPM); Finerman’s Firm And Finerman own (CMI) puts; Finerman’s Firm owns (CLX); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts; Karabell owns (AAPL); Karabell owns (GOOG); Karabell owns (GS); Terranova owns (VRTS); Terranova owns (IBM); Terranova owns (FCX) ; Terranova owns (CVI); Terranova owns (XOM); Terranova owns (DIS); Terranova owns (WFM); Terranova owns (LULU); Terranova owns (TM); Terranova owns (JWN); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (MA); Terranova owns (BX); Terranova owns (GS); Terranova owns (DAR); Terranova owns (CAT); Terranova owns (AAPL); Terranova owns (F)

For Anthony Scaramucci
One of 8 national finance chairs for Mitt Romney campaign
Held a fundraiser for Mitt Romney
Has contributed to the Romney campaign

For Zach Karabell
Rivertwice Capital is short (FDX)
Rivertwice Capital is short (XLF)
Rivertwice Capital is short (SPY)
Rivertwice Capital is short (QQQ)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of Building Materials Holdings
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LHO)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (RLI)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of Domino's Pizza UK & IRL PLC

For Mike Khouw
Cantor Fitzgerald is a market maker in (AMD)
Cantor Fitzgerald is a market maker in (AAPL)
Cantor Fitzgerald is a market maker in (AMZN)
Cantor Fitzgerald is a market maker in (BAC)
Cantor Fitzgerald is a market maker in (C)
Cantor Fitzgerald is a market maker in (BRCM)
Cantor Fitzgerald is a market maker in (CHD)
Cantor Fitzgerald is a market maker in (GS)
Cantor Fitzgerald is a market maker in (GOOG)
Cantor Fitzgerald is a market maker in (IBM)
Cantor Fitzgerald is a market maker in (JPM)
Cantor Fitzgerald is a market maker in (LNKD)
Cantor Fitzgerald is a market maker in (C)
Cantor Fitzgerald is a market maker in (CLX)
Cantor Fitzgerald is a market maker in (FDX)
Cantor Fitzgerald is a market maker in (JBLU)
Cantor Fitzgerald is a market maker in (MS)
Cantor Fitzgerald is a market maker in (MS)
Cantor Fitzgerald is a market maker in (PCAR)
Cantor Fitzgerald is a market maker in (P)
Cantor Fitzgerald is a market maker in (PAY)
Cantor Fitzgerald is a market maker in (SBUX)
Cantor Fitzgerald is a market maker in (UPS)

For Colin Gillis
BGC Financial LP and/or its affiliates, expect to receive, or intend to seek, compensation for investment banking services within the next three months from all of the companies referenced within this report.
Lead or Co-manager: BGC Financial LP and/or its affiliates, has not acted as lead or co-manager in a public offering of equity and/or debt securities for Amazon within the last 12 months. BGC Financial LP and/or its affiliates has not received compensation for investment banking services in the last 12 months from Amazon.

CNBC.com with wires

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report