JetBlue Q3 Revenue Stagnant, Expects Q4 Revenue Decline, Says Primary Goal Remains Returning To Operating Profit

JetBlue Airways Corporation (NASDAQ:JBLU) stock slipped after the company reported third-quarter results.

The air carrier reported an adjusted loss per share of $0.16, beating the consensus loss of $0.26 and compared to a $0.39 loss reported a year ago.

JetBlue reported operating revenue of $2.365 billion, up 0.51% year over year and beating the consensus of $2.34 billion. Third-quarter system capacity decreased by 3.6% year over year.

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The operating margin for the quarter improved by 5 points to negative 1.6% from negative 6.6% a year ago, and the adjusted operating margin stood at negative 0.4%, up from negative 5.2% last year.

Operating expenses for the quarter declined by 4.2% to $2.403 billion, while the operating expenses per available seat mile (CASM) declined 0.7% YoY.

Operating expenses per available seat mile, excluding fuel, other non-airline operating expenses, and special items, increased 4.8% year-over-year.

JBLU’s Average fuel price in the third quarter ...