JetBlue Airways lost less money than Wall Street was expecting in the fourth quarter, but that wasn’t enough to stop the company’s shares from racking up double-digit losses on Tuesday. The low-cost carrier reported an adjusted loss of 21 cents a share on revenue of $2.

JetBlue ( NASDAQ: JBLU) suffered its largest one-day drop on record and snapped a three-day winning streak after the carrier’s outlook for the current quarter spooked investors and caused shares to crater by as much as 29%.

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JetBlue Airways forecast higher costs and unit revenue below analysts' expectations for the first quarter on Tuesday, sending the New York-based carrier's shares down 14% in morning trade.

Unit costs in 2025 will rise as much as 7% excluding fuel, the airline said Tuesday in a statement, outpacing analysts’ estimates on higher spending for compensation and aircraft maintenance. JetBlue shares fell as much as 18% as markets opened in New York, their biggest slump since Aug. 12.

JetBlue Airways lost less money than Wall Street was expecting in the fourth quarter, but that wasn’t enough to stop the company’s shares from racking up double-digit losses on Tuesday.

JetBlue Airways Corp. shares tumbled after the carrier projected higher costs this year than Wall Street expected.

JetBlue Airways Corp. reported fourth-quarter earnings that were better than Wall Street expected as demand climbed after the November election and during the winter holidays and fuel prices fell.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share. The airline posted revenue of $2.28 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $2.26 billion.

JetBlue Airways Corporation ( NASDAQ: JBLU) Q4 2024 Earnings Conference Call January 28, 2025 10:00 AM ET Koosh Patel - Director of Investor Relations Joanna Geraghty - Chief Executive Officer Marty St. George - President Ursula Hurley - Chief Financial Officer

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