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Update: JetBlue Airways Shares Fall After Q4, FY24 Revenue Decline Guidance; Q3 Adjusted Net Loss Narrows
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Update: JetBlue Airways Shares Fall After Q4, FY24 Revenue Decline Guidance; Q3 Adjusted Net Loss Narrows
Nov 3, 2024 1:59 PM

11:04 AM EDT, 10/29/2024 (MT Newswires) -- (Updates with recent stock movement in the headline and first paragraph.)

JetBlue Airways ( JBLU ) shares were down more than 15% in recent Tuesday trading after the company projected a year-over-year decline in Q4 and full-year revenue as it reported Q3 results that topped expectations.

The company reported a Q3 adjusted net loss of $0.16 per diluted share, narrower than its adjusted net loss of $0.39 a year earlier.

Analysts polled by Capital IQ expected a net loss of $0.21.

Operating revenue for the quarter ended Sept.30 was $2.37 billion, up from $2.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.35 billion.

For Q4, the airline said revenue is expected to decline 7% to 3% compared with a year earlier. Analysts polled by Capital IQ expect $2.3 billion.

For full-year 2024, the airline said revenue is expected to decline 5% to 4% from a year earlier. Analysts polled by Capital IQ expect $9.29 billion.

Price: 6.22, Change: -1.11, Percent Change: -15.10

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