JetBlue reported a Q3 loss but beat EPS and revenue estimates, even after guiding up in September. The JetForward initiative aims to achieve $800-$900 million in EBIT by 2027, focusing on reliable service, East Coast network, products, and financial security. JetBlue's strong liquidity with $4.1 billion in cash and strategic financing supports its ambitious growth plans despite current challenges.
JetBlue Airways (NASDAQ:JBLU) fell over 16% on Tuesday after warning revenue was set to fall further than expected over the full year due to the likes of election uncertainty. Revenue was guided to drop by between 4% and 5% for the year, with a drop of 3% to 7% expected over the fourth quarter, JetBlue said in earnings on Tuesday.
NEW YORK--(BUSINESS WIRE)--JetBlue Airways Corporation (NASDAQ: JBLU) today reported its financial results for the third quarter of 2024. "We met or exceeded all of our financial targets for the third quarter and progressed on the implementation of our JetForward strategy, sustaining the momentum we established in the second quarter," said Joanna Geraghty, JetBlue's chief executive officer. "Th...
NEW YORK--(BUSINESS WIRE)--JetBlue (NASDAQ: JBLU) announced it has officially launched service from Long Island MacArthur Airport (ISP), further expanding its footprint across New York. Starting today, JetBlue is flying daily from Long Island to Orlando, and 4 times weekly to West Palm Beach and Fort Lauderdale. Long Islanders can now enjoy the signature JetBlue experience when flying to top va...
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