What's Next For JetBlue Stock After A Sharp 19% Fall Post Q1 Results? [Forbes]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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US:NASDAQ Investor Relations:
investor.jetblue.com/investor-relations
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Source: Forbes
March 30, 2024 (Photo by Nicolas Economou/NurPhoto via Getty Images) recently reported its Q1 results, with revenues meeting and earnings exceeding . The company reported operating revenue of $2.2 billion, down 5% year over year and aligning with our estimate. Its adjusted loss of $0.43 per share was slightly better than our estimate of $0.50 loss per share. Despite an upbeat bottom line, JBLU stock plunged 19% in a single day after the results were announced. This can be attributed to a downward revision to its revenue guidance for 2024. In this note, we discuss JetBlue's stock performance, some key takeaways from its recent results, and its valuation. Firstly, let us look at its stock performance in recent years. JBLU stock has suffered a sharp decline of 60% from levels of $15 in early January 2021 to around $6 now, vs. an increase of about 35% for the S&P 500 over this roughly three-year period. Notably, JBLU stock has underperformed the broader market in each of the last 3 ye
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JBLU
News
- Fare Cutting King Boosts Puerto Rico Service Including New York And Newark Routes [Forbes]Forbes
- Limited-time 75K offers on Chase Sapphire Preferred and Sapphire Reserve [USA TODAY]USA TODAY
- A man repeatedly punched by Mike Tyson in a viral video taken on a JetBlue flight is suing the former heavyweight champ — 2 years after the incident [Business Insider]Business Insider
- Passenger beaten by Mike Tyson on 2020 flight files long-threatened lawsuit [CBS News]CBS News
- A tiny low-cost airline you may not have heard of is expanding to 10 new cities. We asked its CEO what to expect. [Business Insider]Business Insider
JBLU
Earnings
- 4/23/24 - Beat
JBLU
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- JBLU's page on the SEC website