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Investing.com -- JetBlue Airways (NASDAQ: NASDAQ:JBLU) reported mixed results for the fiscal first quarter and said it is not reiterating its prior full-year outlook due to the ongoing macroeconomic uncertainty.
The U.S. carrier posted a first-quarter loss of $0.59 per share, slightly better than the expected loss of $0.61.
Revenue for the period came in at $2.14 billion, narrowly missing the $2.16 billion consensus.
JetBlue said passenger operating revenue reached $1.97 billion, compared to the $1.98 billion estimate.
Available seat miles stood at 15.61 billion, narrowly missing expectations of 15.65 billion, while revenue passenger miles came in at 12.60 billion, below the projected 12.75 billion.
Looking ahead, the JetBlue CEO Joanna Geraghty said the company is "not reaffirming our prior full-year guidance," citing the macroeconomic risks.
"As we continue to monitor the evolving macro backdrop, we are evaluating all levers available to us to boost profitability and preserve cash, including additional capacity reductions, targeted cost savings, and further evaluation of our fleet retirement schedule," she added.
For the second quarter, JetBlue expects available seat miles to decline between 0.5% and 3.5%, and projects revenue per available seat mile (RASM) to fall between 3.5% and 7.5% year-over-year.