LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — JetBlue Airways Corp. (JBLU) on Tuesday reported a loss of $716 million in its first quarter.
On a per-share basis, the Long Island City, New York-based company said it had a loss of $2.11. Losses, adjusted for non-recurring costs, were 43 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.
The airline posted revenue of $2.21 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $2.2 billion.
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