JetBlue Airways (JBLU) Reports Q3 Loss, Tops Revenue Estimates

Financial Performance - JetBlue Airways reported a quarterly loss of $0.16 per share, better than the Zacks Consensus Estimate of a loss of $0.26, and an improvement from a loss of $0.39 per share a year ago, representing an earnings surprise of 38.46% [1] - The company posted revenues of $2.37 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.72%, and showing a slight increase from year-ago revenues of $2.35 billion [2] Stock Performance - JetBlue shares have increased approximately 31.9% since the beginning of the year, outperforming the S&P 500's gain of 22.1% [3] - The current Zacks Rank for JetBlue is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.34 on revenues of $2.29 billion, and for the current fiscal year, it is -$0.91 on revenues of $9.28 billion [7] - The estimate revisions trend for JetBlue is mixed, and future earnings expectations will depend on management's commentary during the earnings call [4][5] Industry Context - The Transportation - Airline industry, to which JetBlue belongs, is currently ranked in the top 6% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]