JetBlue Announces First Quarter 2022 Results
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April 26, 2022 8:16 PM EDT
JPMorgan analyst Jamie Baker downgraded JetBlue Airways (NASDAQ: JBLU) from Overweight to Underweight with a price target of $12.00 (from $24.00).
The analyst comments "The merger does factor into our JetBlue downgrade We always let our models lead the way, and we have substantially reduced our 2023 earnings forecast for JetBlue, in turn reducing our earlier price target to $12. Truth be told, our 2Q22 estimate actually improves closer to breakeven, but we had... More
April 26, 2022 7:02 AM EDT
JetBlue Airways (NASDAQ: JBLU) reported Q1 EPS of ($0.80), $0.06 better than the analyst estimate of ($0.86). Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.72 billion.
Financial Performance and Outlook:
We are extremely pleased with the demand and revenue momentum, which accelerated throughout the quarter and resulted in first quarter... More
