JetBlue Drops as Carrier Expects Sharper Revenue Decline [TheStreet.com]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: TheStreet.com
JetBlue(JBLUGet ReportThat's a sharper drop from the 65% it previously estimated.The travel industry has been devastated by the coronavirus pandemic, which worldwide kept people at home, grounded planes and stopped and reduced other transport, and closed hotels and other accommodations.Flown capacity will decline 45% to 50% from a year earlier, the Long Island City, N.Y., carrier estimated. That's weaker than the 45% decline the airline previously expected.Booking trends remain volatile,JetBlue said in an 8-K filingOperating expenses for the fourth quarter are expected to decrease at least 30% year over year. The company had planned for a 30% drop.JetBlue says its receipt of cash tax refunds totaling $70 million, expected during Q4, has been delayed.Because of booking trends and the delayed refunds, daily average cash burn is now expected to range between $6 million and $8 million in the quarter, up from JetBlue's previous expectation of $4 million to $6 million, the company said.As o
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JBLU
News
- What's Next For JetBlue Stock After A Sharp 19% Fall Post Q1 Results? [Forbes]Forbes
- JetBlue Airways First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- JetBlue's in-flight entertainment system just got a watch party feature [Yahoo! Finance]Yahoo! Finance
- JetBlue's (JBLU) Q1 Loss Narrower Than Expected, Q2 View Weak [Yahoo! Finance]Yahoo! Finance
- JetBlue beefs up in-flight entertainment, but investors are unimpressed [Seeking Alpha]Seeking Alpha
JBLU
Earnings
- 4/23/24 - Beat
JBLU
Sec Filings
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 4
- 4/23/24 - Form 8-K
- JBLU's page on the SEC website