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0 -0.00230414746543774 -0.00131336405529955 0 0 0 0.00921658986175116 0.0138248847926268
Stock impact report

Delta Air sticks to first-quarter profit forecast, raises revenue expectations [BNN Bloomberg (Canada)]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: BNN Bloomberg
Rising jet fuel prices, up more than 50 per cent since U.S. and Israeli strikes on Iran in late February, have cast a shadow ahead of the upcoming summer travel season that is expected to pave the way for a recovery for U.S. carriers. Delta said consumer and corporate demand trends have improved into March with strength across its main, premium and loyalty revenues. Shares of the carrier rose 3.55 per cent in premarket trading. Delta now expects first-quarter revenue to grow at a high-single-digit percentage, compared with its earlier forecast of five per cent to seven per cent. The company had forecast adjusted profit per share in the range of 50 cents to 90 cents. Delta said it was well-positioned to navigate the current environment and was ready to tweak its capacity if fuel prices stay elevated. Fuel is the second-largest expense for air carriers after labor, typically accounting for a fifth to a quarter of operating expenses. Jet fuel prices have been trading betwe Show less Read more
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