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JetBlue stock rises on better-than-expected Q1 results, outlook

Clyde Edgerton by Clyde Edgerton
April 25, 2023
in Markets
JetBlue stock rises on better-than-expected Q1 results, outlook
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JetBlue Airways Corp. JBLU stock rose 1.5% in premarket trades Tuesday after the airline reported better-than-expected earnings and outlook. The airline reported a first-quarter net loss of $192 million, or a loss 58 cents a share, compared with a net loss of $255 million, or a loss of 79 cents a share, in the same period last year. On an adjusted basis, JetBlue reported a loss of 34 cents a share, compared with a loss of 80 cents a share in the prior year’s quarter. Analysts surveyed by FactSet were looking for a loss of 38 cents a share. JetBlue reported first-quarter revenue of $2.328 billion, up from $1.736 billion…



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Clyde Edgerton

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