JetBlue Lags in the Airline Recovery: So What?
Like most U.S. airlines, JetBlue Airways (NASDAQ: JBLU) posted another sizable loss in the first quarter but saw a big jump in demand beginning in the middle of February. That positions the company for solid sequential earnings improvement over the next few quarters.
That said, JetBlue faces a slower climb back to profitability than many of its rivals. Let's take a look at what that means for investors.
In contrast to what many other airlines reported, JetBlue's revenue increased sequentially last quarter, rising to $733 million from $661 million a quarter earlier. Two factors enabled this revenue improvement. First, JetBlue resumed selling every seat on its planes in early January.
Source Fool.com
