JetBlue lost money in the second quarter as its expenses soared after facing operational challenges in the spring
Carrier last week struck an agreement to buy Spirit Airlines in a $3.8 billion deal to create the fifth-largest U.S. airline
Packed planes, high fares and fewer Covid-19-related regulations were supposed to be a boon for airlines. But as the summer travel season gets into full swing, shares of many major U.S. airlines have been dropping. WSJ’s Joe Wallace explains what’s weighing on airlines’ stocks. Photo: Frank Augstein/Associated PressJetBlue Airways Corp. lost money in the second quarter as its expenses soared, but the airline said it is turning a corner and expects to become profitable in the third quarter.
JetBlue faced operational stumbles in the spring and made sharp cuts to its flying plans in order to get a handle on the problems. The airline said the efforts paid off, helping reduce its cancellation rate, but such cutbacks also dent opportunities to generate revenue.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
How the housing crunch turned young voters off on the economyThe combination of record-high home prices and escalating mortgage costs threatens to price a generation of would-be buyers out of the market
Lire la suite »
DeGrom dazzles in return, bullpen costs Mets in loss to NatsDeGrom got a standing ovation from a crowd full of Mets fans prior to his first game back in almost 13 months.
Lire la suite »
PayPal pops post-market as Elliott confirms stake, revenue, EPS beat expectationsPayPal surged nearly 11% after the close after reporting transaction revenue of $6.27 billion, up 8% from the year earlier.
Lire la suite »
Late night hosts roast JetBlue's deal to buy Spirit - CNN VideoLate night hosts poked fun at JetBlue's deal to buy Spirit Airlines for $3.8 billion, a merger that could create the fifth-largest airline in the US.
Lire la suite »
CoinShares reports $21.7M loss tied to Terra implosionCoinShares got slapped by a $21.7 million loss in Q2, mainly derived from Terra's collapse.
Lire la suite »