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Why JetBlue Stock Plummeted Today

TheMotleyFool

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Shares of JetBlue Airways (NASDAQ: JBLU) fell Tuesday. The stock lost 25.7% as of market close but was down as much as 28.9% earlier in the day. The move down comes as the S 500 and Nasdaq composite gained 0.9% and 2%, respectively.

JetBlue reported earnings Tuesday morning. Despite exceeding expectations, the company reported weak guidance, disappointing investors.

The budget airline reported sales of $2.27 billion for the fourth quarter of 2024, losing $0.21 a share. The loss was significantly less than Wall Street's expected $0.29 a share. JetBlue's capacity declined; its top-line revenue was smaller year over year as well.

Source Fool.com