JetBlue: 4Q Earnings Snapshot
NEW YORK (AP) — JetBlue Airways Corp. (JBLU) on Thursday reported fourth-quarter earnings of $169 million.
The New York-based company said it had net income of 55 cents per share. Earnings, adjusted for pretax gains, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The airline posted revenue of $1.97 billion in the period, which met Street forecasts.
For the year, the company reported profit of $188 million, or 60 cents per share. Revenue was reported as $7.66 billion.
JetBlue shares have increased slightly more than 7 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.