JetBlue posts a surprise Q2 profit, cutting costs and delaying new plane purchases.
JetBlue posts a surprise Q2 profit, cutting costs and delaying new planes to rebuild the business. The small profit of $25M was down 82% from the previous year, but exceeded analysts' expectations for a loss during the peak summer travel season. JetBlue plans to delay plans to buy $3B worth of Airbus jetliners through 2029, aiming to generate gross profit of $800M-$900M by 2027. Shares rose 18% in response to the news.
July 30, 2024
8 Articles