Air Traffic Control and Weather-Related Delays For JetBlue Was 'Staggering' In Q3, Stock Slides
Portfolio Pulse from Akanksha Bakshi
JetBlue Airways Corp (NASDAQ:JBLU) reported a Q3 FY23 operating revenue decline of 8.2% YoY to $2.35 billion, missing the consensus estimate of $2.81 billion. The company's adjusted loss per share was $(0.39), missing the consensus of $(0.25). Operating expenses increased 3.5% YoY to $2.51 billion. The company also lowered its FY23 outlook. Following the announcement, JBLU shares fell by 14.4%.
October 31, 2023 | 3:18 pm
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JetBlue's Q3 FY23 results missed estimates, leading to a significant drop in its stock price.
JetBlue's Q3 FY23 results missed estimates, which is a negative signal to investors. This led to a sell-off, causing the stock price to drop significantly.
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