JetBlue posts $716 million net loss for first quarter 2024

JetBlue has recorded a $716 million net loss in its first quarter 2024 results, down further from its first quarter 2023 net loss of $192 million. Its first quarter operating revenues were down 5.1% in the first quarter of the year to $2.2bn while total operating expenses were up 14% to $2.9bn compared to the first quarter of 2023. Its special items expenses, which includes costs related to the failed Spirit merger, had increased from $112 million to $562 million year-on-year (YoY). In an earnings call, JetBlue chief financial officer Ursula Hurley commented: “All of the Spirit costs are behind