NEW YORK (AP) - JetBlue Airways Corp. (JBLU) on Tuesday reported second-quarter net income of $179 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had profit of 59 cents per share. Earnings, adjusted for non-recurring costs, were 60 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.
The airline posted revenue of $2.11 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.1 billion.
JetBlue shares have climbed 18% since the beginning of the year. The stock has dropped slightly more than 4% in the last 12 months.
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
Copyright © 2023 The Washington Times, LLC.