JetBlue Airways may have deemed Halloween too ominous to warrant an earnings call.
In the third quarter, the airline reported per-share losses of $0.46, or $0.39 after one-time expenses.
On Wall Street, the ultimate result fell short of expectations. On average, analysts anticipated a decline of $0.27 per share.
Additionally, revenue of $2.35 billion failed to meet the $2.38 billion forecast of Wall Street.
With an eye toward the future, we are implementing enhancements that will propel profitable expansion and guarantee JetBlue's prosperity beyond 2024
Bad tidings for JetBlue as well. A representative from the U.S. Department of Justice advocated for a federal magistrate to halt the consolidation of JetBlue and Spirit Airlines.
In Boston, the airlines have entered into a trial regarding the proposed merger.
A decision rendered within the following three months may have a substantial impact on the fourth-quarter earnings of JetBlue.
During this period, the airline also significantly reorganized its route network and eliminated fourteen flights.