Jetblue shares are trading lower after the company reported worse-than-expected Q3 EPS results and issued Q4 and FY23 guidance below estimates. Additionally, the company is facing scrutiny of its deal with Spirit Airlines amid its antitrust trial.
Portfolio Pulse from Benzinga Newsdesk
JetBlue's shares are trading lower following disappointing Q3 EPS results and lower-than-expected Q4 and FY23 guidance. The company is also under scrutiny for its deal with Spirit Airlines amid an antitrust trial.
October 31, 2023 | 5:24 pm
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JetBlue's stock is trading lower due to poor Q3 results and lower future guidance. The company's deal with Spirit Airlines is also under antitrust scrutiny.
JetBlue's worse-than-expected Q3 results and lower future guidance are likely to negatively impact investor sentiment, leading to a drop in the stock price. Additionally, the ongoing antitrust trial related to its deal with Spirit Airlines adds uncertainty, which could further pressure the stock.
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