NEW YORK, N.Y., Aug. 12, 2024 (GLOBE NEWSWIRE) -- JetBlue Airways Corporation (NASDAQ: JBLU) (“JetBlue”) today announced that JetBlue and JetBlue Loyalty, LP (the “Loyalty LP” and, together with JetBlue, the “Issuers”), a newly formed Cayman Islands exempted limited partnership and an indirect wholly-owned subsidiary of JetBlue, intend to (1) commence a private offering of a proposed $1,500 million aggregate principal amount of senior secured notes due 2031 (the “Loyalty Notes”) and (2) launch a proposed se ...

JetBlue Airways’ (JBLU) second-quarter 2024 earnings (excluding one cent per share from non-recurring items) of 8 cents per share beat the Zacks Consensus Estimate of a loss of 13 cents. In the year-ago quarter, JBLU reported earnings of 45 cents.Operating revenues of $2.43 billion beat the Zacks Consensus Estimate of $2.39 billion. However, the top line decreased 7% year over year.Passenger revenues, accounting for the bulk of the top line (93.4%), declined to $2.26 billion from $2.46 billion a year ago. P ...

Vincenzo Pace In somewhat of a surprise, JetBlue Airways Corporation (NASDAQ:JBLU) reported a profit in the June quarter. The airline sector has seen huge pressure on domestic fares, and JetBlue is primarily focused on the impacted market segment. My investment thesis remains Bullish on the stock as the merger termination with Spirit Airlines (SAVE) wasn't the end of the world, but JetBlue needs time to transform the business. Source: Finviz Turnaround Time JetBlue reported the following quarterly res ...

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.“Our network sits in some of the most valuable geographies in the world,” said JetBlue CEO Joanna Geraghty.“We have a leading position and three of the five largest markets on the East Coas ...

JetBlue Airways Corporation (NASDAQ:JBLU) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Koosh Patel - Director, IR Joanna Geraghty - CEO Marty St. George - President Ursula Hurley - CFO Conference Call Participants Dan McKenzie - Seaport Global Mike Linenberg - Deutsche Bank Jamie Baker - JPMorgan Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Conor Cunningham - Melius Research Scott Group - Wolfe Research Brandon Oglenski - Barclays Andrew Didora - Bank of Ame ...

Key TakeawaysJetBlue reported a surprise second-quarter profit as the airline cut back on unprofitable routes.The company also delayed delivery of 44 new Airbus planes.JetBlue shares took off on the news, recently rising roughly 17%. 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. The company reported second-quarter earnings per share (EPS) of $0.07, when the average of analysts surveyed by V ...

The carrier's Q2 results pleasantly surprised everyone -- including management.Shares of JetBlue (JBLU 17.37%) were soaring Tuesday, up by 17% as of 1 p.m. ET after the discount airline landed a surprise profit in the middle of Wall Street before the opening bell.Heading into the quarterly report, the consensus view among analysts was that the airline would lose $0.11 per share on $2.4 billion in revenue in Q2. They were right about the revenues -- but instead of losing money, JetBlue delivered an $0.08 per ...

ToplineShares 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.JetBlue said it will eliminate 50 underperforming routes and boost coverage in the Northeast, ... [+] Florida and Puerto Rico.Getty Images Key FactsShares of JetBlue, the fifth-largest airline in the country, ascended to over $7 per share as of 11:30 a.m. Tuesday morning, up about 18%, ...

A JetBlue Airways jet comes in for a landing after flights earlier were grounded during an FAA system outage at Laguardia Airport in New York City, New York, U.S., January 11, 2023.JetBlue Airways shares jumped 20% on Tuesday after the airline posted a surprise profit and said it would defer another $3 billion in aircraft spending through 2029 to improve cash flow.The New York-based airline has been cutting unprofitable routes and reducing costs to get back to profitability as it faces higher expenses and a ...

2Q24 Earnings Presentation July 30, 2024 1 2 Safe Harbor 2 2 This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts ...