JetBlue Airways (JBLU) Stock

JBLU benefits from strong passenger volumes. High labor costs are hurting the company's bottom line.

JetBlue plans to add first-class seats on its Airbus planes that don't include lie-flat Mint class. The seats will be in a two-by-two configuration.

NEW YORK--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU) today announced the promotion of Justin Thompson to vice president, IT data and analytics. In this role, Thompson will oversee the airline's data engineering, data science, artificial intelligence/machine learning, and business intelligence. Reporting to Carol Clements, JetBlue's chief digital and technology officer, Thompson will spearhead initiatives to scale JetBlue's data and AI capabilities in alignment with the airline's JetForward strateg.

JBLU now anticipates fourth-quarter 2024 average fuel cost per gallon in the range of $2.40-$2.50 (prior view: $2.50-$2.65).

U.S. stocks increased in the middle of the day, with the S&P 500 and Nasdaq reaching all-time highs, driven by strong performance in technology shares.

JetBlue has been focused on cutting unprofitable flights to stem losses. The carrier also has been trimming underperforming routes to focus on core markets.

There is normally a lag before strong holiday travel demand starts moving airline shares. But it's only taken a matter of days this year.

JetBlue raises its guidance to reflect higher-than-expected bookings in November and December.

Shares of JetBlue Airways (JBLU) soared Wednesday after the airline improved its revenue estimate for the current quarter and full year, attributing the upgrades to a post-election travel surge.