JetBlue posts bigger loss on fuel costs, but CEO says margins improving

JetBlue Airways reported a net loss of $257 million for the third quarter, up from $143 million a year earlier, as fuel costs rose 61% to $868 million. CEO Joanna Geraghty stated that resilient travel demand and higher fares helped offset these expenses. The New York-based carrier ended the quarter with $2.2 billion in liquidity and total debt of $8.4 billion, while seeking to reassure investors about its long-term financial health.

Source: JetBlue posts bigger loss on fuel costs, but CEO says margins improving — CNBC

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Topics: jetblue · airlines · earnings · aviation · travel · business