LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — JetBlue Airways Corp. (JBLU) on Tuesday reported a loss of $192 million in its first quarter.
The Long Island City, New York-based company said it had a loss of 58 cents per share. Losses, adjusted for non-recurring costs, came to 34 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.
The airline posted revenue of $2.33 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $2.32 billion.
For the current quarter ending in June, JetBlue expects its per-share earnings to range from 35 cents to 45 cents.
The company expects full-year earnings in the range of 70 cents to $1 per share.
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