A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA.
Tim Rue | Bloomberg | Getty Images
JetBlue Airways slashed its 2023 outlook and warned of a possible loss in the present quarter as travelers go for destinations abroad and the carrier grapples with the top of its partnership with American Airlines within the Northeast.
JetBlue forecast adjusted earnings per share for the complete yr starting from 5 cents to 40 cents, down from an earlier estimate for per-share earnings of as much as $1.
The airline’s shares were down about 5% in premarket trading after reporting second-quarter results.
Here’s how the corporate performed within the period, compared with Wall Street expectations, in line with Refinitiv consensus estimates:
- Adjusted earnings per share: 45 cents vs. 44 cents expected
- Revenue: $2.61 billion vs. $2.61 billion expected
That is breaking news. Check back for updates.
