Solid quarter for JetBlue but warns of headwinds

JetBlue Airways reported net income for second quarter of 2023 of $138 million or $0.41 per share, and $0.45 on a non-GAAP basis. Although the airline beat EPS forecasts, JetBlue dismayed analysts by lowering its full year adjusted EPS forecast to $0.05 to $0.40 from previous estimate of $0.70 to $1.00. JetBlue shares dipped 2.3% on the news. Robin Hayes, chief executive officer, JetBlue celebrated the company’s highest quarterly profit since 2019, helped by record quarterly revenues and strong operational performance but looking ahead could see building headwinds. Chief Operating Officer Joanna Geraghty said in a statement: “Looking ahead, we are