JetBlue’s stock plunges as revenue outlook disappoints. Capacity is in the spotlight.
JetBlue’s fourth-quarter results beat expectations, but the outlook for a key revenue metric was below forecasts.
JetBlue Shares Plunge 25% After Cost and Revenue Forecast Misses
JetBlue is executing a cost-cut strategy of cutting unprofitable routes, deferring aircraft deliveries and pricing premium seats. It was also reported by CNBC that the airline has already offered senior pilots voluntary early retirement packages as part of the restructuring.
Why JetBlue’s Outlook, Turnaround Efforts Disappointed Investors
JetBlue’s unit revenue guide implied deceleration year over year despite all the changes it has been making,” offered Melius Research analyst Conor Cunningham.
JetBlue shares tumble 18% amid high cost projections
Unit costs in 2025 will rise as much as 7% excluding fuel, the airline said Tuesday in a statement, outpacing analysts’ estimates on higher spending for compensation and aircraft maintenance. JetBlue shares fell as much as 18% as markets opened in New York, their biggest slump since Aug. 12.
JetBlue shares tumble after stormy forecast
JetBlue shares plummeted more than 26% on Tuesday after the airline forecasted first-quarter results that were below Wall Street's expectations.
JetBlue outlook sparks sell-off in shares
By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -JetBlue Airways shares plunged 28% on Tuesday after the New York-based carrier forecast lower-than-expected unit revenue and higher costs in the current quarter.
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JetBlue adds fourth type of premium seating option: EvenMore
The New York-based carrier announced what it's calling the EvenMore experience, a refreshed type of extra-legroom seat ...
UBS cuts JetBlue stock price target to $5, maintains Sell
UBS analyst Thomas Wadewitz revised the price target on JetBlue Airways (NASDAQ:JBLU) shares, reducing it to $5.00 from the ...
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JetBlue Tumbles 25%: New Bear Market Price Target Here
JetBlue’s earnings results for the last quarter were better than analysts’ expectations to lose $0.29 per share. The company ...
Air Travel: New Lounges, Elite Offerings and Shifts in Frequent-Flier Programs
Airlines hope to meet the traveler demand for premium flying, whether by offering more roomier seats in economy or upgrading ...
Spirit Airlines rejects Frontier’s offer to create a low-cost behemoth—but they’re leaving the door open
Frontier had pitched the bankrupt airline on a coupledom that it claimed would have created a formidable low-cost competitor ...
Deadly mid-air collision renews urgent questions about near-misses, air safety
There have been a number of close calls around the country in recent years that concerned aviation experts and officials.