JetBlue Airways (JBLU) Tops Q1 EPS by 9c, Revenue In Line
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JetBlue Airways (JBLU) stock dips as revenue declines
April 23, 2024 7:17 AM EDTJetBlue Airways (NASDAQ: JBLU) disclosed its first-quarter financial performance for 2024, revealing a narrower-than-expected loss per share but a decline in revenue, which sent the airline's stock tumbling by 6.9%. The company reported an adjusted net loss of $145 million, or -$0.43 per share, which was $0.09 better than the analyst consensus of -$0.52 per share. However, operating revenue was down 5.1% year-over-year (YoY) to $2.2 billion, aligning with analyst estimates.
The decrease in revenue and a 2.7% reduction in... More
