JetBlue Soars 11% After Hours Despite Earnings Miss — SkimNews
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- JetBlue reported third-quarter results in which its operating loss margin dropped and its airline outlook worsened.
- JetBlue shares rose 5.7% despite missing earnings, with the market reflecting a cautious outlook; the stock also soared about 11% after hours on revenue.
Why it matters: JetBlue shareholders gained in the immediate market reaction, including an 11% after-hours surge, despite missing earnings and a drop in operating loss margin. The market rewarded revenue, but the worsening outlook means the quarterly release did not present a uniformly positive operating picture.
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