Skip to Content
AP National Business

JetBlue posts Q2 loss as fuel costs offset rising revenue

KTVZ
By
Published 8:52 am

NEW YORK (AP) — JetBlue Airways is still losing money despite a big increase in travel this summer. The New York airline said Tuesday that it lost $188 million in the second quarter, as higher prices caused its spending on fuel to nearly triple. The loss was wider than Wall Street was expecting. JetBlue is giving the financial update just days after reaching an agreement to buy Spirit Airlines for about $3.8 billion. CEO Robin Hayes says buying Spirit will cause JetBlue’s earnings per share to improve in the first year after it closes. But that could take time. Antitrust regulators are just starting to dig into the JetBlue-Spirit agreement.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content