Why JetBlue Stock Is Falling Today
JetBlue Airways (NASDAQ: JBLU) posted better-than-expected results in the third quarter, but the company is not optimistic about the current quarter. Investors are disappointed, sending JetBlue shares down 16% as of 10:45 a.m. ET.
JetBlue and other airlines enjoyed a surge in demand when the pandemic waned, but in recent quarters there have been signs that demand is ebbing. The airline reported a third-quarter loss of $0.16 per share on sales of $2.37 billion, topping Wall Street's prediction of a $0.25-per-share loss on sales of $2.34 billion.
But the airline warned it expects a combination of hurricane-related cancellations and the impact of the U.S. election to weigh on fourth-quarter results. JetBlue execs said that consumers appear to prefer to be at home and are holding off on major discretionary spending right now.
Source Fool.com
Jetblue Airways Corp. Stock
The sentiment is rather negative at the moment with 9 Sell predictions and 1 Buy predictions.
With a target price of 3 € there is a slightly negative potential of -17.81% for Jetblue Airways Corp. compared to the current price of 3.65 €.
