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4-Traders Homepage  >  Equities  >  Nasdaq  >  JetBlue Airways Corporation    JBLU

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Introducing Skyhour: A New Gifting Platform Transforming Air Travel

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10/23/2017 | 03:09pm CEST

Skyhour inspires people to gift what’s possible and celebrate what moves people to get there

Skyhour, the next-generation gifting platform for air travel, has launched today to revolutionize the way people gift and receive flight hours. Enabling people to gift air travel to anyone, anywhere for just $60 an hour, Skyhour inspires endless travel possibilities to destinations worldwide. Skyhour is backed by JetBlue Technology Ventures, the corporate venture subsidiary of JetBlue Airways, which invests in, incubates and partners with early stage startups at the intersection of technology and travel.

“Skyhour is the gift that moves you. It is for people who believe the best gifts in life are intangible,” said Skyhour Co-Founder and CEO Fernando Camara. “By gifting hours through Skyhour, you are giving someone the opportunity to realize a travel dream, no matter how big or small, regardless of the destination. What’s more, your gifted hours make you a part of the journey to get them there.”

Founded in 2016, Skyhour offers a seamless and smart way to gift flights - one skyhour represents one hour in the sky, at a fixed cost of only $60 per hour. All skyhour recipients have complete freedom to book their flight on one of 350 international and domestic airlines directly through the app or web site.

“The digital space for air travel has been struggling to keep up with the pace of technology - Skyhour is a welcome push to the industry, that will help make gifting travel seamless and enjoyable,” said Skyhour Co-Founder and CTO David Nogueira.

In addition to financial investment, which will accelerate Skyhour’s global growth and presence in the market leading into the busiest travel season of the year, JTV brings deep domain expertise in the hospitality, travel and airline ecosystem to skyhour.

“We are always on the lookout for innovative concepts and ideas that have the potential to transform aspects of how we travel” JetBlue Technology Ventures President Bonny Simi. “We can see this completely changing the travel-gifting experience.”

Skyhours can be purchased via the app or by visiting www.skyhour.com. The app is currently available for iOS devices via the app store, an Android version is in development.

About Skyhour

Skyhour is the gift that moves you. It is the next generation gifting platform for air travel, offering an easy, smart and inspiring way to give an hour in the sky to anyone, anywhere, on 350 airlines. With Skyhour, anyone can gift or book the flight of their choice, in under a minute, without restrictions. By enabling and encouraging people to give one another the power to fly, Skyhour inspires people to gift what’s possible and celebrate what moves people to get there. For more information, visit www.skyhour.com or follow Skyhour on Instagram.

About JetBlue Technology Ventures

JetBlue Technology Ventures invests in, incubates and partners with early stage startups at the intersection of technology, travel and hospitality to improve the entire travel experience. The company prioritizes investments that advance the customer-centric journey; technology-empowered customer service; the future of operations and maintenance; revenue management, sales & distribution; and new regional transport ecosystems. Founded in 2016, JetBlue Technology Ventures is a wholly-owned subsidiary of JetBlue (NASDAQ:JBLU) and is located in Silicon Valley, Calif. For more information, visit JetBlueVentures.com.


© Business Wire 2017
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Financials ($)
Sales 2017 6 960 M
EBIT 2017 1 025 M
Net income 2017 594 M
Debt 2017 1 087 M
Yield 2017 -
P/E ratio 2017 11,55
P/E ratio 2018 10,44
EV / Sales 2017 1,12x
EV / Sales 2018 1,01x
Capitalization 6 693 M
Chart JETBLUE AIRWAYS CORPORATIO
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JetBlue Airways Corporatio Technical Analysis Chart | JBLU | US4771431016 | 4-Traders
Technical analysis trends JETBLUE AIRWAYS CORPORATIO
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 23,6 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Robin Hayes President, Chief Executive Officer & Director
Joel C. Peterson Chairman
Jeffrey L. Martin Executive Vice President-Operations
Stephen J. Priest Chief Financial Officer & Executive Vice President
Eash Sundaram Chief Information Officer & Executive VP
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