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Search resuls for: "JetBlue hasn't"


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JetBlue Airways shares jumped 20% on Tuesday after the airline posted a surprise profit and said it would defer another $3 billion in aircraft spending through 2029 to improve cash flow. The airline posted a $25 million profit for the second quarter, down nearly 82% from last year. JetBlue hasn't posted an annual profit since before the pandemic. It also is trying to better deploy its aircraft outfitted with premium seats like its Mint aircraft to maximize revenue. JetBlue says the changes will help it add $800 million to $900 million in pretax profit from 2025 through 2027.
Persons: JetBlue hasn't, Pratt, Joanna Geraghty Organizations: JetBlue Airways, FAA, Laguardia, Wall Street, JetBlue, Mint, Airbus, Pratt & Whitney Locations: New York City , New York, U.S, New York , New England, Puerto Rico
A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Carl Icahn won his push for seats on JetBlue Airways' board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake in the New York-based airline and that he was in talks for board representation there. The two new directors are Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, a portfolio manager of Icahn Capital. The JetBlue investment isn't Icahn's first investment in the airline industry. Icahn said in disclosing his JetBlue stake that he believes the shares are undervalued.
Persons: Carl Icahn, Jesse Lynn, Steven Miller, Icahn, Joanna Geraghty, Geraghty, JetBlue hasn't Organizations: JetBlue Airways, Fort, Hollywood International Airport, Icahn Enterprises, Icahn, JetBlue, TWA, NYSE Arca, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, New York
Total: 2