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The positive impact of lower gas prices on regional gaming revenues is well-known but BYD benefits from low jet fuel costs too.

  • BYD’s Hawaiian travel business (rolled up in the Downtown LV region) benefits from lower jet fuel costs – downtown EBITDA margins and jet fuel at -0.55 correlation
  • Q2 to-date jet fuel is down 8% sequentially and YoY
  • We calculate $0.01 per share positive impact each quarter for the next 4 quarters if jet fuel prices stay at current levels, beginning with Q2

CHART DU JOUR: BYD DOUBLE DIPS ON LOWER OIL - BYD