JetBlue stock slides on Q3 earnings miss

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.

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