🧵 1. JetBlue Airways shares soar on surprise profit announcement and $3 billion deferral in aircraft spending to boost cash flow. #business
🧵 1. JetBlue Airways shares soar on surprise profit announcement and $3 billion deferral in aircraft spending to boost cash flow. #business
🧵 2. JetBlue reports $25 million profit for Q2, beats Wall Street expectations; hasn't posted annual profit since pre-pandemic era.
🧵 3. Airline cuts unprofitable routes, focuses on New York, New England, and Puerto Rico. Plans to increase revenue via premium seat deployment.
🧵 4. JetBlue to defer 44 Airbus A321neo deliveries, impacted by Pratt & Whitney engine recall. Taking steps to enhance reliability and punctuality.
🧵 5. CEO Geraghty: Steps taken to improve performance and reduce capacity by up to 6%. Revenue expected to decline but optimistic about profitability.
🧵 Read more at: https://www.cnbc.com/2024/07/30/jetblue-shares-second-quarter-surprise-profit.html