JetBlue Plunges After Airline Indicates Recovery Is Some Way Off By Investing.com
By Dhirendra Tripathi Investing.com – JetBlue (NASDAQ:JBLU) stock slumped by more than 7% Tuesday following comments from a senior company official that seemed to suggest that the airline’s return to prepandemic performance may take time. “We are committed to generating better than prepandemic earnings in the next few years by growing revenue and controlling costs, and we are confident that we are on the right path to expand margins in a sustainable way,” said Ursula Hurley, JetBlue’s acting chief financial officer. According to Joanna Geraghty, JetBlue’s president and chief operating officer, the airline’s third-quarter revenue is...
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