Why JetBlue Airways Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) fell by 1.1% after Southwest Airlines reported mixed Q2 results, including an increase in economic fuel costs and operating expenses. Southwest's earnings per share were $1.09, missing the analyst consensus estimate of $1.10. However, their quarterly sales of $7.04 billion surpassed the analyst consensus estimate of $6.98 billion. JetBlue's 52-week high is $9.45 and its 52-week low is $6.18.
July 27, 2023 | 7:46 pm
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JetBlue's stock fell by 1.1% after Southwest Airlines reported mixed Q2 results. This could indicate a negative sentiment towards airline stocks due to increased operating costs.
JetBlue's stock price fell after Southwest Airlines reported mixed Q2 results, indicating that the market may be reacting negatively to increased operating costs in the airline industry. This could potentially impact JetBlue's stock in the short term.
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