JetBlue posts a $450 million Q2 loss 

JetBlue has posted a pre-tax Q2 loss of $450, versus income of $236 million for the same period in 2020. Revenue in Q2 for the US carrier fell 90% year-on-year as a result of the impact of COVID-19. Traffic volumes and yields improved in May and June from an April low. The firm said that it has slashed operating expenses by 66% year over year, which saw it reduce Q2 costs by over $900 million. The market response to JetBlue’s figures was muted, but an analyst note by Cowen attributed this “investor fatigue”, rather than any positive sentiment for the airline.