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NEW YORK, N.Y., Aug. 12, 2024 (GLOBE NEWSWIRE) -- JetBlue Airways Corporation (NASDAQ: JBLU) (“JetBlue”) today announced that JetBlue and JetBlue Loyalty, LP (the “Loyalty LP” and, together with JetBlue, the “Issuers”), a newly formed Cayman Islands exempted limited partnership and an indirect wholly-owned subsidiary of JetBlue, intend to (1) commence a private offering of a proposed $1,500 million aggregate principal amount of senior secured notes due 2031 (the “Loyalty Notes”) and (2) launch a proposed senior secured Term Loan B due 2029 in an aggregate principal amount of $1,250 million (the “Loyalty Term Loan”).
Operating revenues decrease 7% year over year at JetBlue Airways (JBLU) in Q2.
JetBlue reported a profit in the June quarter despite pressure on domestic fares. The airline is focused on transforming its business following the termination of the merger with Spirit Airlines, with goals for an $800 to $900 million incremental EBIT uplift. The stock trades at ~2.5x just the incremental EBIT goal through 2027.
CNBC's Phil LeBeau sits down with Joanna Geraghty, JetBlue CEO, after the airline posts a surprise profit this quarter, exiting from some routes, a return to profitability and more.
JetBlue (JBLU) shares are skyrocketing following its earnings report, in which the company shared new goals to help it return to profitability. Scott Keyes, Going founder and chief flight expert, discusses whether JetBlue's recently announced investments in its offerings can change customer perceptions of the airline.
Victoria Greene, G Squared Private Wealth, joins 'Power Lunch' to discuss stock plays for three stocks.
JetBlue is focusing on its East Coast leisure routes as it works to return to profitability. The airline released quarterly earnings Tuesday (July 30) showing a $25 million profit, and said it plans to emphasize flights in and out of New York, Puerto Rico and New England, where it is adding new routes from Manchester, N.H.
JetBlue Airways (JBLU) shares soared Tuesday after the carrier posted an unexpected profit as it cut some unprofitable routes and said it would delay jet purchases.
JetBlue was expected to lose money in the second quarter -- but it earned a profit instead. Management has a plan that could lead to even more profits -- but it could be three years before it truly bears fruit.
Shares of JetBlue saw their biggest daily percentage gain since February on Tuesday, soaring as much as 20% as the airline posted a better-than-expected quarterly revenue, returning company shares to a three-month high.