Oct 29, 11:55 AM

JetBlue Reports Q3 Loss, Shares Drop 7.8% on Revenue Forecast

JetBlue Airways reported a net loss of $60 million for the third quarter of 2024 under U.S. GAAP, translating to a loss of $0.17 per share. Excluding special items, the adjusted net loss was $54 million or $0.16 per share, which was better than the estimated loss of $0.23 per share. The company's operating revenue for the quarter was $2.37 billion, slightly above the estimated $2.35 billion, showing a 0.5% year-over-year increase. Passenger revenue reached $2.2 billion, surpassing the estimated $2.19 billion. The operating margin was -1.6%. JetBlue's full-year revenue forecast fell short of expectations, predicting a decline of 4% to 5%, compared to the previously anticipated decline of 4% to 6%. The company also sees Q4 Capex about $450 million. Consequently, JetBlue's shares dropped 7.8% following the earnings report.

#JetBlue Airways #JetBlue #Q4 Capex

Written with ChatGPT (GPT-4o).

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JetBlue Reports Q3 Loss, Shares Drop 7.8% on Revenue Forecast

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