NasdaqGS:JBLUAirlines
JetBlue (JBLU) Stock Rallies While Margin Pressure Keeps Losses Deep
JetBlue Airways shares jumped about 10.5% to around US$6 in the first full session after earnings, a sharp move for a stock that has spent the past year wrestling with heavy losses and deep investor skepticism. The market clearly liked what it saw. Yet the headline is not profit. JetBlue just posted another quarterly loss of roughly US$247 million, even as revenue reached about US$2.7b.
The real story for you is the margin strain. Revenue is holding up, but the path back from loss making to...