Top Wall Street Forecasters Revamp JetBlue Airways Expectations Ahead Of Q2 Earnings

Financial Performance - JetBlue Airways is expected to report a quarterly loss of 33 cents per share for Q2, compared to a profit of 8 cents per share in the same period last year [1] - Projected quarterly revenue is $2.29 billion, down from $2.43 billion a year earlier [1] Cost-Saving Measures - The company is implementing additional cost-saving measures due to weaker travel demand, making it unlikely to achieve break-even margins this year [2] Stock Performance and Analyst Ratings - JetBlue Airways shares fell 0.5% to close at $4.36 [2] - UBS analyst Thomas Wadewitz has a Sell rating with a price target of $3 [8] - Raymond James analyst Savanthi Syth downgraded the stock from Outperform to Market Perform [8] - Citigroup analyst Stephen Trent maintained a Neutral rating and raised the price target from $4.25 to $5 [8] - Barclays analyst Brandon Oglenski maintained an Underweight rating and reduced the price target from $7 to $4 [8] - Susquehanna analyst Christopher Stathoulopoulos maintained a Neutral rating and cut the price target from $6 to $4 [8]