JetBlue plummets on plans to fundraise through debt offerings
JetBlue Airways (NASDAQ:JBLU) shares dropped more than 15% today after it launched a US$2.75 billion bond-and-loan sale, leveraging its loyalty program to raise funds for general corporate purposes. The financing package consists of US$1.5 billion in seven-year bonds, which are callable in three years, and a US$1.25 billion five-year term loan.
JetBlue Airways (JBLU) Q2 Earnings & Sales Beat Estimates
Operating revenues decrease 7% year over year at JetBlue Airways (JBLU) in Q2.
JetBlue: Jetting Forward
JetBlue reported a profit in the June quarter despite pressure on domestic fares. The airline is focused on transforming its business following the termination of the merger with Spirit Airlines, with goals for an $800 to $900 million incremental EBIT uplift. The stock trades at ~2.5x just the incremental EBIT goal through 2027.
JetBlue Focuses on Leisure Routes on Road to Restore Profits
JetBlue is focusing on its East Coast leisure routes as it works to return to profitability. The airline released quarterly earnings Tuesday (July 30) showing a $25 million profit, and said it plans to emphasize flights in and out of New York, Puerto Rico and New England, where it is adding new routes from Manchester, N.H.
JetBlue Stock Takes Off After a Surprise Profit
JetBlue Airways (JBLU) shares soared Tuesday after the carrier posted an unexpected profit as it cut some unprofitable routes and said it would delay jet purchases.
Why JetBlue Stock Is Flying High on Tuesday
JetBlue was expected to lose money in the second quarter -- but it earned a profit instead. Management has a plan that could lead to even more profits -- but it could be three years before it truly bears fruit.
JetBlue Shares Soar 18% — Biggest Day Since February
Shares of JetBlue saw their biggest daily percentage gain since February on Tuesday, soaring as much as 20% as the airline posted a better-than-expected quarterly revenue, returning company shares to a three-month high.
Compared to Estimates, JetBlue (JBLU) Q2 Earnings: A Look at Key Metrics
The headline numbers for JetBlue (JBLU) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
JetBlue jumps 17% after surprise profit, $3 billion aircraft spending deferral
JetBlue Airways posted a surprise profit for the second quarter. The carrier said it would defer another $3 billion in aircraft spending through 2029 to improve cash flow.
JetBlue Airways (JBLU) Q2 Earnings and Revenues Surpass Estimates
JetBlue Airways (JBLU) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to earnings of $0.45 per share a year ago.
JetBlue up 6% ahead of the bell after Q2 earnings beat
JetBlue Airways (NASDAQ:JBLU) shares rose nearly 6% premarket after the airline reported strong second-quarter 2024 results that beat analyst expectations. The airline posted an adjusted earnings per share (EPS) of $0.08, much higher than the expected loss of $0.13.
JetBlue Stock Rises. Could Earnings Beat Be Turning Point for the Airline?
The low-cost carrier's decision to reinvest in core routes helped it to log better-than-expected quarterly earnings.
