JetBlue’s stock slid Tuesday after the air carrier’s third-quarter earnings came in below Wall Street’s expectations.The company earned 18 cents a share on net income of $57 million, compared with earnings of 40 cents a share and net income of $130 million in the same period... JetBlue’s stock slid Tuesday after the air carrier’s third-quarter earnings came in below Wall Street’s expectations.
Revenue per available seat mile increased 23.4% compared with 2019, before the pandemic hit. JetBlue’s guidance was for an increase of 22% to 24% over 2019. “Revenue was above the high-end of our initial outlook as strong leisure and visiting friends and relatives demand trends continued through the quarter,” JetBlue said, in a statement.
They are offering fewer nonstop flights compared to United Airlines and American during this upcoming holiday season.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Megacap earnings to test fledgling U.S. stock rebound By Reuters*WALL STREET WEEK AHEAD: MEGACAP TECH EARNINGS TO TEST U.S. STOCK REBOUND - $DIA $SPY $QQQ 🇺🇸 🇺🇸 It's going to be volatile.
Read more »
Bitcoin Outperformed NFTs, US Stocks in Q3 But Not USD: CoinGecko ReportThe greenback is the only asset class that outperformed the primary cryptocurrency in Q3 2022.
Read more »
Stock Market Today: Dow Gains Over 400 Points Ahead of Big Earnings Week, U.S.-Listed Chinese Stocks DropThe Dow rose more than 400 points, closing at its highest level in six weeks as investors geared up for a busy earnings week You know that Biden will screw up any market rally. Joe Biden - Build back broke. Who said it this morning, 'my 401K is now a 201K'
Read more »