Will JetBlue Force an Airline Price War?

JetBlue Airways Corporation (NASDAQ:JBLU): JetBlue’s recent acquisition of 8 landing slots at Washington Reagan and LaGuardia could cause problems for competitors if the airline starts a shuttle service between the two airports. Delta Air Lines (NYSE:DAL) booked $49M in revenue over the route in the 9 months following Q2 2010, while US Airways (NYSE:LCC) tallied $58M. But if JBLU replicates its presence in the National-Boston market, fare prices could drop 30% as competition heats up.

Here’s how top airline shares are trading on the news:

JetBlue Airways Corporation (NASDAQ:JBLU): JBLU shares recently traded at $4.72, up $0.28, or 6.31%. They have traded in a 52-week range of $3.40 to $7.24. Volume today was 7,045,114 shares versus a 3-month average volume of 4,822,580 shares. The company’s trailing P/E is 19.73, while trailing earnings are $0.24 per share. Get the most recent company news and stock data here >>

Delta Air Lines Inc. (NYSE:DAL): DAL shares recently traded at $8.67, up $0.26, or 3.09%. They have traded in a 52-week range of $6.41 to $13.75. Volume today was 8,732,259 shares versus a 3-month average volume of 12,426,300 shares. The company’s trailing P/E is 16.36, while trailing earnings are $0.53 per share. Get the most recent company news and stock data here >>

US Airways Group, Inc. (NYSE:LCC): LCC shares recently traded at $5.17, up $0.33, or 6.82%. They have traded in a 52-week range of $3.96 to $11.56. Volume today was 4,631,890 shares versus a 3-month average volume of 7,058,870 shares. The company’s trailing P/E is 10.30, while trailing earnings are $0.50 per share. Get the most recent company news and stock data here >>

Southwest Airlines Co. (NYSE:LUV): LUV shares recently traded at $8.59, up $0.31, or 3.74%. They have traded in a 52-week range of $7.15 to $13.59. Volume today was 3,494,753 shares versus a 3-month average volume of 10,066,300 shares. The company’s trailing P/E is 43.83, while trailing earnings are $0.20 per share. Get the most recent company news and stock data here >>