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A JetBlue plane at LaGuardia Airport.
Leslie Josephs/CNBC
JetBlue Airways posted a loss for the first three months of the year but joined other carriers in forecasting a profit for the second quarter thanks to strong travel demand.
JetBlue estimated per-share earnings of 35 cents to 45 cents for the current quarter, ahead of analyst estimates, with revenue up 4.5% to 8.5% on the year and capacity rising 4.5% to 7.5%. The second quarter coincides with the start of the peak travel season.
“For the second quarter, we expect strong revenue growth to continue as demand remains robust and as we see continued momentum from our commercial initiatives,” CEO Robin Hayes said in an earnings release….
Source cnbc.com
