JetBlue Airways Corp. (JBLU) announced a reduced loss for the fourth quarter compared to the previous year, surpassing Wall Street forecasts.
The company reported a net loss of $44 million, or $0.13 per share, which marks an improvement from last year's loss of $104 million, or $0.31 per share. When excluding special items, JetBlue posted an adjusted loss of $72 million, or $0.21 per share, for the quarter.
This performance exceeded analysts' average expectations, who had projected a loss of $0.30 per share. It is worth noting that analysts typically exclude special items from their estimates.
In terms of revenue, the company experienced a 2.1% year-over-year decline, recording $2.277 billion compared to $2.325 billion in the same period last year.
Summary of JetBlue Airways Corp.'s Financial Performance (GAAP):
- Net Loss: $44 million, down from $104 million last year.
- Earnings Per Share (EPS): $0.13, improved from $0.31 last year.
- Revenue: $2.277 billion, compared to $2.325 billion last year.
