JetBlue: 3Q Earnings Snapshot
LONG ISLAND CITY, N.Y. (AP) _ JetBlue Airways Corp. (JBLU) on Tuesday reported a third-quarter loss of $393 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Long Island City, New York-based company said it had a loss of $1.44. Losses, adjusted for non-recurring gains, came to $1.75 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.91 per share.
The airline posted revenue of $492 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $504.8 million.
JetBlue shares have fallen 33% since the beginning of the year. The stock has dropped 32% in the last 12 months.