Why Shares of JetBlue Are Falling Today

JetBlue Airways (NASDAQ: JBLU) reported third-quarter results on Tuesday morning that came in ahead of expectations. But investors were not impressed, sending shares down more than 5% due to the bleak outlook concerning the quarters to come.

We knew going into earnings season that airlines would produce massive losses, as the COVID-19 pandemic has weighed heavily on travel demand. On Tuesday, JetBlue said it lost $1.75 per share on revenue of $492 million, which was actually considerably better than the $2-per-share loss on revenue of $457 million that was expected.

Image source: JetBlue Airways.

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Source Fool.com