Southwest Airlines Co (NYSE:LUV) shares are trading lower by 2.37% to $33.35 Tuesday afternoon. Shares of airline stocks are trading lower in sympathy with JetBlue, which fell after issuing weak guidance.
What Happened With JetBlue Earnings?
JetBlue’s second-quarter FY23 results showed a 6.7% year-on-year growth in operating revenue, reaching $2.61 billion, aligning with the consensus estimate. The company reported an adjusted EPS of $0.45, surpassing the consensus figure of $0.40.
JetBlue said operating expenses declined by 7.2% year-over-year, amounting to $2.38 billion.
The company reported a substantial improvement in operating income, achieving $235 million in the quarter compared to an operating loss of $113 million during the same period last year. This translated to an operating margin of 9%…Read More
According to data from Benzinga Pro, LUV has a 52-week high of $40.39 and a 52-week low of $28.40.
