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JetBlue Shares up 7% in 3 Trading Days, Thanks 'All-You-Can-Jet' Passes

Submitted by WSN_Staff on Sat, 08/22/2009 - 00:49.
in
JetBlue Airways Corp. (NASDAQ:JBLU)

JetBlue Airways Corp. (NASDAQ:JBLU) has sold out of its All-You-Can-Jet passes and its helped investors confidence pushing up shares 7% since Wednesday. The company has not commented on how many passes they have sold, but the spokesman said that there was "overwhelming demand" for the offer.

All-You-Can-Jet - JetBlue

A spokesman for JetBlue, Bryan Baldwin, said that the $599 passes sold out on Wednesday, two days ahead of its previously announced end date. The offer includes unlimited travel between September 8 and October 8 between Jet Blue destinations and includes taxes and fees for domestic travel but not for international travel.

JetBlue shares are down 22% this year alone but this latest product offered by the company proves that Wall Street should give them some breathing room.  JetBlue is the 'Cult Airline' of the sky, no matter what the other big airlines do,  you can count on JetBlue do use their creativity and inventive products to keep you coming back for more.  Great snacks, no charge for your first bags, TV's on every flight and best of all their comfortable seating with tons of legroom.  

Sounds like a complete pitch to get you to use JetBlue but really, deals like the All-You-Can-Jet passes sell themselves.  Besides, how many travel based companies do you know that offer a Customer Bill of Rights.

 

Here are the latest stats on JBLU shares via ShortSqueeze.com and chart from finviz.com:

Jetblue Airways Corp. $
5.50

JBLU 		0.26
Short Interest (Shares Short) 30,861,900
Days To Cover (Short Interest Ratio) 4.8
Short Percent of Float 10.64 %
Short Interest - Prior 35,445,100
Short % Increase / Decrease -12.93 %
Short Squeeze Ranking™ -2
% From 52-Wk High ($
7.74 )		 -40.73 %
% From 52-Wk Low ($
2.81 )		 48.91 %
% From 200-Day MA ($
4.69 )		 14.73 %
% From 50-Day MA ($
4.89 )		 11.09 %
Price % Change (52-Week) -4.00 %

 

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