) Corporation today announced a positive financial performance for the second quarter of 2024, with earnings and revenue surpassing analyst expectations.The airline reported an adjusted earnings per share of $0.08, which was significantly higher than the analyst consensus of -$0.13. Revenue for the quarter reached $2.43 billion, also topping the consensus estimate of $2.4 billion.
CEO Joanna Geraghty expressed satisfaction with the company's direction, stating,"We closed the first half of 2024 with meaningful year-over-year improvements in our operation and exceeded our second quarter guidance through strong execution, early evidence the changes we are implementing as part of our refocused strategy are yielding positive benefits."
CFO Ursula Hurley commented on the company's future,"While many of these underlying initiatives will take time to ramp to their full potential, with the strong foundation of JetForward, we are poised to generate $800 - $900 million of incremental EBIT from 2025 through 2027." This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.