JetBlue Airways (JBLU) stock soared 5.06% in the pre-market on Friday, following the launch of a new premium travel credit card and the release of its Q4 2024 earnings results.
The airline introduced the JetBlue Premier World Elite Mastercard, a high-end credit card with an annual fee of $499. The card offers various luxury travel perks, including lounge access, accelerated earning of Mosaic elite status, and statement credits for purchases on JetBlue's travel booking platform, Paisly. While the card targets JetBlue's most loyal customers, the steep annual fee may limit its appeal to casual travelers.
Additionally, JetBlue reported positive Q4 2024 results, with an adjusted operating margin of 0.8%, over 2 points higher than in 2023. The company attributed the improvement to its JetForward strategic plan and revenue initiatives, which generated $395 million in 2024, exceeding the target by $95 million. However, JetBlue faced ongoing challenges with Pratt & Whitney aircraft groundings, impacting operating margins by approximately 2.5 points in 2024.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.