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JetBlue Airways Corp (NASDAQ: JBLU) reported another quarterly loss on Tuesday, just few days after it signed a deal for the takeover of Spirit Airlines Inc (NYSE: SAVE).
The airline posted a loss of $188 million in the second quarter and revenue of close to $2.45 billion in the second quarter. JetBlue also said the cost per available seat mile increased 35% compared to 2019.
Shares of the company were down about 5% in afternoon trading on Tuesday.
JetBlue expects to return to profit in the current quarter for the first time since the beginning of the Covid-19 pandemic.
Picture Credits: Getty Images
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