JetBlue posts quarterly loss but forecasts profit thanks to strong travel demand
Publishing timestamp: 2023-04-25 16:04:24
Summary
JetBlue Airways posted a loss for the first quarter of the year but is forecasting a profit for the second quarter due to strong travel demand. The airline estimated per-share earnings of 35 cents to 45 cents for the current quarter, ahead of analyst estimates, with revenue up 4.5% to 8.5% on year and capacity rising 4.5% to 7.5%. However, the DOJ is seeking to block JetBlue's acquisition of Spirit Airlines and has also sued to undo JetBlue's partnership with American Airlines in the Northeast.
Sentiment: NEUTRAL
Keywords: jetblue airways corp, airlines, new york, spirit airlines inc, transportation, business, aerospace and defense industry, business news, life, markets, breaking news: business, american airlines group inc, dividends, earnings, travel,
Source: https://www.cnbc.com/2023/04/25/jetblue-airways-jblu-earnings-q1-2023.html