JetBlue Airways Corporation (NASDAQ: JBLU) reported fourth quarter 2020 earnings results today.
Total operating revenues fell 67% year-over-year to $661 million, negatively impacted by the effects of the COVID-19 pandemic.
On a GAAP basis, net loss amounted to $381 million, or $1.34 per share, compared to earnings of $161 million, or $0.56 per share, last year. Adjusted loss per share was $1.53 versus EPS of $0.56 last year.
Both the top and bottom line numbers were better than analysts’ projections.
For the first quarter of 2021, the company estimates EBITDA will range between negative $525-625 million.
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