JetBlue Airways Reports Missed Earnings and Provides Q2 Outlook
JetBlue Airways (JBLU) reported a Q1 non-GAAP EPS of -$0.87, missing estimates by $0.14, despite revenue of $2.24 billion, which was in line with expectations. The company noted a 6.5% year-over-year increase in operating revenue per available seat mile (RASM), near the upper end of its revised guidance range.
Tickers: $JBLU
Topics: airline industry earnings miss operating expenses RASM revenue growth