JetBlue Stock Takes Off After a Surprise Profit
JetBlue(JBLU) Investopedia·2024-07-30 18:20
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 ...