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 News

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 442. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: CrowdStrike, Merck, PayPal, JetBlue and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

JetBlue shares climb 20% after Q2 earnings, revenue beatJetBlue shares climb 20% after Q2 earnings, revenue beat
Source: Investingcom - 🏆 450. / 53 Read more »