Categories AlphaGraphs, Earnings, Industrials
JBLU Earnings: JetBlue Q1 2024 net loss widens on lower revenues
JetBlue Airways Corporation (NASDAQ: JBLU) on Tuesday announced financial results for the first quarter of 2024, reporting a decline in revenues and a wider net loss.
The company reported a net loss of $716 million or $2.11 per share for the March quarter, compared to a loss of $192 million or $0.58 per share in the same period of 2023. On an adjusted basis, loss per share was $0.43, compared to a loss of $0.34 per share last year.
At $2.21 billion, first-quarter revenue was down 5% year-over-year, reflecting a decrease in passenger revenues. During the quarter, capacity decreased 2.7% year-over-year.
“As we look to the full year, significant elevated capacity in our Latin region, which represents a large portion of JetBlue’s network, will likely continue to pressure revenue and we expect a setback in our expectations for the full year,” said Joanna Geraghty, JetBlue’s CEO.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
