News Formal

JetBlue posts a surprise Q2 profit and will delay new planes to cut costs and rebuild the business

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 18 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Carl Icahn Nouvelles

Business

JetBlue Airways is reporting a small but surprising profit for the second quarter.

FILE - A JetBlue plane lands at Logan International Airport, Jan. 26, 2023, in Boston. JetBlue reports earnings on Tuesday, July 30, 2024. reported a $25 million profit for the second quarter, and executives on Tuesday described a strategy of cutting costs to rebuild the business, sending the company’s shares sharply higher.

The shares rose 18% in late-morning trading, although they remain down two-thirds from their peak in 2021. Even with the money-making second quarter, JetBlue has lost $3 billion and not posted a full-year profit since the start of 2020. Courts struck down a partnership with American Airlines in the Northeast and a bid by the previous CEO to

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 442. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks making the biggest moves premarket: CrowdStrike, Merck, PayPal, JetBlue and moreThese are the stocks posting the largest moves in premarket trading.
La source: CNBC - 🏆 12. / 72 Lire la suite »

JetBlue shares climb 20% after Q2 earnings, revenue beatJetBlue shares climb 20% after Q2 earnings, revenue beat
La source: Investingcom - 🏆 450. / 53 Lire la suite »