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JetBlue Posts Wider Quarterly Loss, Raises Annual Forecast as It Seeks to Ease Debt Worries
The airline raised its unit revenue outlook to 13.5% to 14.5% as fuel costs jumped 61% and debt worries pressured its shares.
8 Articles
8 Articles
JetBlue Airways posts wider quarterly loss on surging fuel costs
JetBlue Airways (NASDAQ:JBLU) Announces Earnings Results
JetBlue Airways (NASDAQ:JBLU - Get Free Report) issued its quarterly earnings results on Monday. The transportation company reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.07). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.83 billion. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%.
JetBlue posts wider quarterly loss, raises annual forecast as it seeks to ease debt worries
JetBlue Airways sought to reassure investors about its financial health on Monday after \u200bposting a bigger-than-expected quarterly loss, as a sharp selloff in its bonds and mounting restructuring concerns cast a shadow over the airline's turnaround.
Coverage Details
Total News Sources8
Leaning Left1Leaning Right0Center5Last Updated83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
Factuality
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