Reported 3 months ago
JetBlue Airways has reported profits in its second quarter by significantly reducing costs, following a series of flight cancellations triggered by a cyber incident. Analyst Savi Syth from Raymond James noted that while many airlines are managing to meet or exceed expectations for the second quarter, there may be disappointments in the upcoming third quarter. This optimistic outlook has led to a short squeeze across several airlines, as the industry continues to navigate challenges.
Source: YAHOO