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JetBlue Airways Beats Earnings, Revenue Estimates. Why the Stock Is Falling.

Por: MarketWatch Business January 30, 2024

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However, for the first quarter of 2024 JetBlue said it expects revenue to fall between 5% and 9% from the previous year—analysts surveyed by FactSet see a 5.5% drop. Full-year revenue is expected to be flat, compared with analysts’ estimates of a 0.4% fall. The stock, which is down 31% over the past 12 months, fell 2.7% in premarket trading Tuesday. “As we look ahead in 2024, we are seeing positive momentum in our revenue growth. Demand... + full article



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