
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.


$JBLU (-7.8% pre) JetBlue's full-year revenue forecast misses estimates, shares fall - Reuters https://t.co/3fmAuFR62w
$JBLU | JetBlue Airways Q3'24 Earnings Highlights 🔹 Adjusted EPS: -$0.16 (Est. -$0.22) 🟢 🔹 Revenue: $2.37B (Est. $2.35B) 🟢; +0.5% YoY 🔹 Passenger Revenue: $2.2B (Est. $2.19B) 🟢 🔹 Available Seat Miles (ASMs): 16.74B (Est. 16.67B) 🟢 🔹 Operating Margin: -1.6% (+5 points…
✈️📉 JetBlue shares dip 4.5% as 2024 revenue forecast falls short on demand concerns Tickers of interest: $JBLU Full Story → https://t.co/7VTADARENb https://t.co/HSeQCejkM1