JetBlue Airways Corporation has recently released its 10-Q report, providing a detailed look into the company's financial performance. The report outlines the company's air transportation services, which include a fleet of Airbus and Embraer aircraft serving 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe. Additionally, JetBlue operates airport lounges and was incorporated in 1998, with its headquarters in Long Island City, New York.
In ITEM 2 of the report, "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS," JetBlue's non-GAAP financial measures are provided. The company's loss per common share for the three months ended September 30, 2024, was $(0.17) compared to $(0.46) for the same period in 2023. When adding back special items and adjusting for income tax benefits related to special items, the loss per share excluding special items, gain (loss) on investments, and gain on debt extinguishments was $(0.16) for the third quarter of 2024. For the nine months ended September 30, 2024, the loss per common share was $(2.18) compared to $(0.63) for the same period in 2023. After adjustments, the loss per share excluding special items, gain (loss) on investments, and gain on debt extinguishments was $(0.50) for the first nine months of 2024. The diluted loss per share followed a similar pattern. The market has reacted to these announcements by moving the company's shares -17.2% to a price of $6.06. For the full picture, make sure to review JetBlue Airways's 10-Q report.
