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The headline numbers for JetBlue (JBLU) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
JetBlue is deferring $3 billion in spending on new aircraft through 2029 and increasing to 15 the number of cities where it's ending service as part of the chief executive officer's plan to return to profitability. George Ferguson of Bloomberg Intelligence has the details.
JetBlue Airways posted a surprise profit for the second quarter. The carrier said it would defer another $3 billion in aircraft spending through 2029 to improve cash flow.
JetBlue Airways (JBLU) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to earnings of $0.45 per share a year ago.
JetBlue Airways (NASDAQ:JBLU) shares rose nearly 6% premarket after the airline reported strong second-quarter 2024 results that beat analyst expectations. The airline posted an adjusted earnings per share (EPS) of $0.08, much higher than the expected loss of $0.13.
The low-cost carrier's decision to reinvest in core routes helped it to log better-than-expected quarterly earnings.
NEW YORK--(BUSINESS WIRE)--JetBlue Airways Corporation (NASDAQ: JBLU) today reported its financial results for the second quarter of 2024. "We closed the first half of 2024 with meaningful year-over-year improvements in our operation and exceeded our second quarter guidance through strong execution, early evidence the changes we are implementing as part of our refocused strategy are yielding positive benefits," said Joanna Geraghty, JetBlue's chief executive officer. "Today, and as the year pro.
Lee Munson, Portfolio Wealth Advisors president and CEO, joins CNBC's 'The Exchange' to discuss three stocks: Procter & Gamble, JetBlue, and Pfizer.
JetBlue Airways' (JBLU) Q2 performance is expected to have been bolstered by the increased demand scenario.
JetBlue Airways stock has outperformed the S&P 500 since January, up 13.4%. The company's revenue and profitability metrics declined in the first quarter of 2024 fiscal year, which is a cause for concern. Management is focusing on cost-cutting initiatives and revenue growth to improve operations and financial performance.