3 Reasons Why JetBlue Is Still Losing Money
In recent weeks, a slew of airlines reported their second-quarter earnings results. While sky-high fuel prices and operational challenges are denting their margins relative to 2019 levels, most U.S. airlines have posted solid profits, thanks to robust demand.
By contrast, JetBlue Airways (NASDAQ: JBLU) lost money again last quarter. In fact, its adjusted loss of $0.47 per share was even worse than analyst expectations. As a result, JetBlue stock fell more than 6% on Tuesday, the day of its Q2 earnings release.
Let's take a look at why JetBlue's financial performance is lagging peers -- and whether investors can expect to see meaningful improvement in the near future.
Source Fool.com
