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

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

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.

JetBlue posts a surprise Q2 profit and will delay new planes to cut costs and rebuild the businessJetBlue Airways is reporting a small but surprising profit for the second quarter.
Source: ksatnews - 🏆 442. / 53 Read more »

JetBlue posts a surprise Q2 profit and will delay new planes to cut costs and rebuild the businessJetBlue Airways is reporting a small but surprising profit for the second quarter.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stocks making the biggest moves midday: JetBlue, Sprouts Farmers Market, Varonis Systems and moreThese are some of the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »