JetBlue's Q3 Loss Widens to $257M; Stock Reverses to Gain 10.6% After Hours
JBLU sits 22% above its 52-week low of $2.16 on elevated volume (2.9× avg).
Summary
JetBlue lost $257 million, or 68 cents a share, versus a $143 million loss a year earlier, and the adjusted loss of 60 cents missed the 54-cent FactSet consensus. Revenue rose 21% to $2.81 billion but came in just under the $2.83 billion Wall Street model, while the average fuel price jumped 57% to $3.91 a gallon. The stock closed down 9.7% and touched an all-time low during the session, then reversed to trade up 10.6% at $2.62 after hours. CFO Ursula Hurley said the company expects further margin expansion in the fourth quarter despite fuel prices forecast to be 85% higher year over year, and claimed enough liquidity and financing options to bridge to at least $1 EPS and positive free cash flow in 2028. That claim is the crux: senior creditors hired advisers last week and the 10-Q shows cash down to $1,258 million with a $1.6 billion working capital deficit, so the after-hours bounce rests on management's financing assertion rather than the quarter itself.
At the time of this announcement, JBLU was trading at $2.63 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $894.2M. The 52-week trading range was $2.16 to $6.62. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.