JetBlue Reports Widened Loss in Latest 10-Q

By Chris Stiles • Tuesday, April 28 11:37 • Permanent Link

JETBLUE AIRWAYS CORP recently released its latest 10-Q report. JetBlue Airways Corporation provides scheduled air transportation services and operates an Airbus fleet that includes A220, A320, A320 Restyled, A321, A321 with Mint, A321neo, A321neo with Mint, and A321neoLR with Mint aircraft. The company serves 100 destinations across the United States, the Caribbean, Latin America, Canada, and Europe, and also operates airport lounges and vacation services. Incorporated in 1998, JetBlue is based in Long Island City, New York.

In the first quarter, JetBlue reported a net loss of $319 million, compared with a net loss of $208 million in the same period a year earlier. Excluding special items and gain on investments, net loss widened to $322 million from $209 million. On a per-share basis, basic and diluted loss were both $0.86, versus $0.59 a year ago; excluding special items and gain on investments, the loss was $0.87 per share, compared with $0.59.

The company’s reconciliation shows $3 million of gain on investments in the latest quarter, versus $1 million in the prior-year period. There were no special items or related tax effects in either period. Today the company's shares have moved 0.38% to a price of $5.27. Check out the company's full 10-Q submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.