JetBlue Q2 Earnings: Revenue And EPS Beat, Unveils JetForward Strategy, Targets $800M-$900M Incremental EBIT By 2027
Portfolio Pulse from Akanksha Bakshi
JetBlue Airways Corporation (NASDAQ:JBLU) reported better-than-expected Q2 2024 earnings, with an adjusted EPS of $0.08 and operating revenue of $2.428 billion. The company unveiled its JetForward strategy, targeting $800M-$900M incremental EBIT by 2027. Despite a decline in operating margin and revenue, JBLU shares rose 4.22% premarket.
July 30, 2024 | 12:13 pm
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JetBlue reported better-than-expected Q2 2024 earnings with an adjusted EPS of $0.08 and revenue of $2.428 billion. The company introduced its JetForward strategy, aiming for $800M-$900M incremental EBIT by 2027. Despite a decline in operating margin and revenue, JBLU shares rose 4.22% premarket.
JetBlue's better-than-expected earnings and the introduction of the JetForward strategy have positively impacted investor sentiment, leading to a 4.22% premarket rise in shares. The company's focus on long-term EBIT growth and operational improvements are seen as positive indicators.
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