Jan 28, 2025 - Economy
Charted: JetBlue's blues
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JetBlue today beat expectations on quarterly revenue and earnings, but the airline's stock plummeted after it projected higher costs in 2025.
Zoom in: JetBlue expects its unit cost — expenses per available seat mile — to jump as much as 7% when excluding fuel.
- "The outlook is a setback to Chief Executive Officer Joanna Geraghty's turnaround plans after two failed attempts to broaden JetBlue's network through tie-ups with other carriers," Bloomberg reported.
- Why it matters: The company is falling further behind competitors like Delta and United after its proposed combination with Spirit fell apart.
Zoom out: The fallout from the demise of the JetBlue-Spirit merger deal — which a federal judge rejected after the Biden administration sought to block it — has been ugly.
- Spirit filed for bankruptcy protection in November.
