JetBlue to Deepen Cost Cuts as Quarterly Loss Widens
JetBlue Airways Corp. (JBLU) reported a larger-than-expected first-quarter loss due to higher fuel costs and volatile demand. The company plans to recapture 30%-40% of fuel costs in the second quarter. Analyst Tom Fitzgerald from TD Cowen discussed the results on Bloomberg Surveillance.
Tickers: $JBLU
Topics: airline performance cost cuts fuel costs loss