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JetBlue posts another quarterly loss amid increased costs

By Shubhangi Mathur - Aug 02, 2022, 02:34 PM ET
Last Updated - Mar 12, 2024, 02:27 PM EDT
JBLU_airways
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

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)

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.

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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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