JetBlue Airways Corporation (JBLU) Releases Earnings Results, Beats Expectations By $0.04 EPS

JetBlue Airways Corporation (JBLU) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.53 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.49. The company posted revenue of $1643.00 million in the period, compared to analysts expectations of $1643.39 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

JetBlue Airways Corporation closed down -0.16 points or -0.87% at $18.13 with 50,00,332 shares getting traded on Wednesday. Post opening the session at $18.35, the shares hit an intraday low of $18 and an intraday high of $18.3799 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 18, 2016, James G Hnat (EVP & General Counsel) sold 1,000 shares at $18.54 per share price. According to the SEC, on Jul 7, 2016, Robin Hayes (CEO and President) sold 5,000 shares at $16.18 per share price. On Jul 6, 2016, Joel Clinton Peterson (director) sold 5,120 shares at $16.64 per share price, according to the Form-4 filing with the securities and exchange commission.

JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States Caribbean and Latin America. The Company operates Airbus A321 Airbus A320 and EMBRAER 190 aircraft types. The Company’s firm aircraft orders consists of approximately 33 Airbus A321 aircraft 25 Airbus A320 new engine option (A320neo) aircraft 45 Airbus A321 new engine option aircraft 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet which consists of approximately 13 Airbus A321 aircraft 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states the District of Columbia the Commonwealth of Puerto Rico the United States Virgin Islands and 17 countries in the Caribbean and Latin America.

JetBlue Airways Corporation

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