JetBlue Reports $129 Million Loss in Fourth Quarter

By Paul Riegler on 27 January 2022
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JetBlue Airways announced financial results for fourth quarter of 2021.

The New York-based airline reported a net loss of $129 million on revenue of $1.8 billion for the quarter, a 177% increase over the same period in 2020, when it reported $661 million, but down 9.7% from 2019.

The airline forecast lower earnings in Q1 2022, it said, amidst ticket cancellations and high absenteeism amongst staff due to the omicron variant.

“For the first quarter of 2022, we expect revenue to decrease between 11% and 16% year over three,” the company said in a statement.

Meanwhile, JetBlue is optimistic about  the remainder of the year.

“I firmly believe that 2022 will prove to be a transformational year for JetBlue’s structural profitability,” said Robin Hayes, the company’s CEO.

On Thursday, Southwest Airlines announced a profit of more than $400 million, while American Airlines lost more than $930 million, United Airlines nearly $650 million, and Delta Air Lines over $400 million.

(Photo: Accura Media Group)

 

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