JBLU Stock Recent News

JetBlue reported revenue this quarter will fall more than analysts expected and sees second-quarter revenue declining as much as 10.5% year over year. George Ferguson of Bloomberg Intelligence has more.

JetBlue Airways Corporation (NASDAQ: JBLU) says its loss widened on a year-over-year basis in Q1. Shares of the air carrier are down 10% at writing.

JetBlue said second-quarter revenue would likely drop as much as 10.5% on the year.

The carrier posted a narrower-than-expected loss in the first quarter.

JetBlue Airways Corp.'s stock JBLU, +5.63% slid 8% in premarket trade Tuesday, after the airline's first-quarter loss widened significantly from a year ago and it warned that its full-year performance would be soft. The company said it had a loss of $716 million, or $2.11 a share, for the quarter, wider than the loss of $192 million, or 58 cents a share, posted in the year-earlier period.

The recently departed CEO will be managing relationships with customers in North America, including his former airline and Spirit.

Former JetBlue Airways CEO Robin Hayes has been named as the new head of Airbus' operations in North America, the European planemaker said Monday.

JetBlue (JBLU) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

JetBlue Airways (NASDAQ: JBLU) will report its Q1 2024 results on Tuesday, April 23. We expect the company's top line to come in at $2.2 billion, and the bottom line at $(0.50), compared to the consensus estimates of $2.2 billion, and $(0.52), respectively.

JetBlue Airways (JBLU) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.