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Passenger revenues decline 3.1% in the fourth quarter on a year-over-year basis at JetBlue.
Joanna Geraghty, JetBlue CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, if the brand's JetForward strategy is working, and much more.
Shares of JetBlue (JBLU) tumbled over 20% Tuesday morning after the airline's downbeat outlook for the first quarter and upcoming fiscal year overshadowed a better fourth quarter than analysts had expected.
Ahead of today's opening bell, we're seeing lots of moving parts in the stock market. The Federal Open Market Committee (FOMC) starts its two-day meeting on economic policy today (spoiler alert: tomorrow afternoon they will not change interest rates) joins Durable Goods Orders and Q4 earnings reports.
JetBlue Airways Corp (NASDAQ:JBLU) shares dove over 25% to $6 after the company reported better than expected earnings but cautioned that capacity would be down in the first quarter of 2025. JetBlue said available seat miles (ASM) in the first quarter are likely to fall 2-5% compared to a year earlier, and are on course to be roughly flat for the whole year.
JetBlue Airways Corp. shares fell after the company projected higher costs in 2025 than expected. Despite the setback, the airline reported a smaller-than-expected fourth-quarter loss.
Shares of travel industry giants Royal Caribbean Cruises Ltd (NYSE:RCL) and JetBlue Airways Corporation (NASDAQ:JBLU) are experiencing notable price swings following their recent earnings announcements.
The airline is in the middle of a plan to reduce costs by culling unprofitable routes and drumming up revenue with higher-priced seats.
JetBlue Airways forecast higher costs and unit revenue below analysts' expectations for the first quarter on Tuesday, sending the New York-based carrier's shares down 14% in morning trade.
JetBlue Airways (JBLU) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.19 per share a year ago.