JetBlue’s third-quarter loss widens as fuel costs rise; CEO says margins are improving

CNBC reports JetBlue’s quarterly net loss widened to $257 million from $143 million a year earlier.

TLDR

JetBlue’s fuel bill rose 61% to $868 million in the third quarter, CNBC reports. CEO Joanna Geraghty said strong demand and yields helped the airline recover more of the fuel-cost increase than expected. Barron’s reports JetBlue released its results a day early after a sharp stock selloff amid concerns about its financial health.

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JetBlue’s third-quarter loss widens as fuel costs rise; CEO says margins are improving

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