Why JetBlue Airways Stock Was Climbing High This Week
Airline partnerships can be beneficial if done correctly, particularly for the smaller party in the arrangement. Speculation about one in the works has benefited the shares of veteran carrier JetBlue (NASDAQ: JBLU) across the past few trading sessions despite the company reporting a loss-making quarter on Wednesday.Investors decided they liked what they heard, on balance. As of late Thursday night, the company's stock price was climbing nearly 13% higher week to date, according to data compiled by S&P Global Market Intelligence.JetBlue's first-quarter revenue totaled $2.14 billion, representing a 3% decline from the same period in 2024. On the bottom line, the company managed to narrow its GAAP (generally accepted accounting principles) net loss to $208 million ($0.59 per share) from the year-ago deficit of $716 million. On average, the pundits tracking JetBlue stock were anticipating $2.16 billion for revenue and a slightly deeper net loss of $0.61 per share.Continue reading
Airline partnerships can be beneficial if done correctly, particularly for the smaller party in the arrangement. Speculation about one in the works has benefited the shares of veteran carrier JetBlue (NASDAQ: JBLU) across the past few trading sessions despite the company reporting a loss-making quarter on Wednesday.
Investors decided they liked what they heard, on balance. As of late Thursday night, the company's stock price was climbing nearly 13% higher week to date, according to data compiled by S&P Global Market Intelligence.
JetBlue's first-quarter revenue totaled $2.14 billion, representing a 3% decline from the same period in 2024. On the bottom line, the company managed to narrow its GAAP (generally accepted accounting principles) net loss to $208 million ($0.59 per share) from the year-ago deficit of $716 million. On average, the pundits tracking JetBlue stock were anticipating $2.16 billion for revenue and a slightly deeper net loss of $0.61 per share.
