JetBlue Airways said late on Monday it will extend a halt to all flights to and from Haiti through Dec. 2 after damage from a bullet to a plane returning from Port-au-Prince was discovered.
JetBlue reported a Q3 loss but beat EPS and revenue estimates, even after guiding up in September. The JetForward initiative aims to achieve $800-$900 million in EBIT by 2027, focusing on reliable service, East Coast network, products, and financial security. JetBlue's strong liquidity with $4.1 billion in cash and strategic financing supports its ambitious growth plans despite current challenges.
JetBlue Airways Corporation (NASDAQ:JBLU ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Koosh Patel - Director, Investor Relations Joanna Geraghty - Chief Executive Officer Marty St. George - President Ursula Hurley - Chief Financial Officer Conference Call Participants Savi Syth - Raymond James Jamie Baker - JPMorgan Daniel McKenzie - Seaport Global Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Brandon Oglenski - Barclays Andrew Didora - Bank of America Stephen Trent - Citi Thomas Fitzgerald - TD Cowen Conor Cunningham - Melius Operator Good morning. My name is Brittany, and I would like to welcome everyone to the JetBlue Airways' Third Quarter 2024 Earnings Conference Call.
The third quarter was strong, but the outlook disappointed.
JBLU's third-quarter 2024 earnings and revenues increase year over year.
JetBlue Airways (NASDAQ:JBLU) fell over 16% on Tuesday after warning revenue was set to fall further than expected over the full year due to the likes of election uncertainty. Revenue was guided to drop by between 4% and 5% for the year, with a drop of 3% to 7% expected over the fourth quarter, JetBlue said in earnings on Tuesday.
While the top- and bottom-line numbers for JetBlue (JBLU) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
JetBlue Airways (JBLU) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.39 per share a year ago.
JetBlue's stock drops after Q3 results beat expectations but the Q4 revenue outlook disappointed.
The airline's third-quarter loss was less than expected as it looks to return to operating profit.
JetBlue (JBLU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
JetBlue Airways is expected to have been bolstered by its proactive initiative to expand its network and connectivity in the to-be-reported quarter.