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LONG ISLAND CITY, N.Y. (AP) — LONG ISLAND CITY, N.Y. (AP) — JetBlue Airways Corp. (JBLU) on Tuesday reported a loss of $104 million in its fourth quarter.
On a per-share basis, the Long Island City, New York-based company said it had a loss of 31 cents. Losses, adjusted for non-recurring costs, came to 19 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.
The airline posted revenue of $2.33 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.29 billion.
For the year, the company reported a loss of $310 million, or 93 cents per share. Revenue was reported as $9.62 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBLU at https://www.zacks.com/ap/JBLU