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
Currently there is a rather negative sentiment for Jetblue Airways Corp. with 3 Buy predictions and 12 Sell predictions..
This results in a negative potential of -39.9% based on a current price of 4.99 € and a target price of 3 € for the stock.
