Categories AlphaGraphs, Earnings, Industrials
JetBlue Airways (JBLU) swings to loss and revenue plummet 90% in Q2 2020
JetBlue Airways (NASDAQ: JBLU) reported a loss for its second quarter of 2020, both on a GAAP and non-GAAP basis. Revenue plunged 90% annually to $215 million. Both revenue and the non-GAAP loss of $2.02 per share, failed to meet the market’s view.
JBLU stock was trading up about 1% immediately after the earnings announcement.
“As we move into recovery, we have laid out a three-step framework to set JetBlue up for success and emerge stronger. The first is to reduce our cash burn. The second step is to rebuild our margins. The third and last step is to repair our balance sheet,” said CEO Robin Hayes.
Most Popular
AAPL Earnings: Apple’s Q2 sales and profit beat estimates; iPhone sales down 10%
Apple Inc. (NASDAQ: AAPL) on Thursday reported better-than-expected profit and revenue for the second quarter of 2024. There was a 10% decrease in iPhone sales. The gadget giant reported revenues
Shopify (SHOP) is all set to report Q1 2024 results. Here’s what to expect
Over the years, Shopify Inc. (NYSE: SHOP) has steadily expanded its footprint in the online retail market through constant innovation, like the recent launch of a mobile POS device for
eBay (EBAY): A look at how the ecommerce company fared in Q1 2024
Shares of eBay Inc. (NASDAQ: EBAY) were down over 2% on Thursday. The company reported its earnings results for the first quarter of 2024 a day ago, with revenue and