More Room For Growth In JetBlue Stock?

More Room For Growth In JetBlue Stock?

KIEV, UKRAINE - 2019/06/08: In this photo illustration the JetBlue Airways logo is seen displayed on ... [+] a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)





LightRocket via Getty Images





The $25 billion payroll support under the CARES Act supported the Airline Industry and avoided mass furloughs. However, the ongoing slump continues to weigh on air travel demand as carriers operate at 50% of their capacity and TSA checkpoint numbers remain 60% below the prior year level. JetBlue Airways (NASDAQ: JBLU) observed only $223 million of operating cash outflow for the first nine months due to the CARES Act grant. Considering another $15 billion pandemic aid package for airlines, Trefis believes the $1.6 billion drop in the company's market capitalization looks unwarranted. Our interactive dashboard highlights JetBlue Airways stock performance during the current crisis with that during the 2008 recession.



2020 Coronavirus Crisis



Timeline of 2020 Crisis So Far:







12/12/2019: Coronavirus cases first reported in China

1/31/2020: WHO declares a global health emergency.

2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P