JetBlue Airways Corporation (NASDAQ: JBLU) reported its fourth quarter financial results before market open on Thursday. The airline topped earnings and revenue estimates for the quarter, sending shares 5% higher. For the first quarter, JetBlue reported earnings of USD 50 cents per share on revenue of USD 1.96 Billion. Analysts expected earnings of USD 43 cents per share on revenue of USD 1.96 Billion. The Company said that the stronger-than-expected results were driven by its year-over-year revenue per available seat mile (RASM) increase of 2.4%. However, despite the growth, JetBlue expects RASM to grow in the range between down 2% or plus 1% for the first quarter.
Southwest Airlines Co. (NYSE: LUV) reported its fourth quarter financial results before market open on Thursday and topped estimates for both earnings and revenue. Shares were trading 5% higher during Thursday morning. The airline reported earnings of USD 1.17 per share on operating revenue of USD 5.7 Billion. Analysts projected earnings of USD 1.08 per share on revenue of USD 5.67 Billion. Despite the stronger-than-expected results, Southwest says due to the partial government shutdown, it is expecting negative sales impact of USD 10 Million to USD 15 Million for January thus far.
American Airlines Group Inc. (NASDAQ: AAL) reported its fourth quarter financial results before market open on Thursday. The airline topped estimates for earnings but narrowly missed revenue estimates. Despite the revenue miss, shares rose by 5.8% in the morning. American Airlines reported adjusted earnings of USD 1.04 per share on revenue of USD 10.94 Billion. Analysts forecasted earnings of USD 1.01 per share on revenue of USD 10.93 Billion.
