JetBlue Tries to Avoid a Repeat of Their Disastrous Fourth-Quarter Earnings Call

The earnings call in January resulted in the airlines shares falling 13% in three days.

Author:: TheStreet Staff
Publish date:: Apr 26, 2017 7:33 AM EDT

After JetBlue's (JBLU) - Get Report disastrous fourth-quarter earnings call in January, shares in the airline lost 13% over three days. It was not a performance management wished to repeat.

On Tuesday's call, after JetBlue opened the day with an earnings beat and strong current-quarter unit revenue guidance, management stuck to a script defined by CEO Robin Hayes in opening comments when he repeatedly committed to improved margins due to the expansion of Mint, the popular premium product, and to a cost-cutting initiative by Steve Priest, a onetime British Airways executive who was named JetBlue's chief financial officer in February.

This article was written by a staff member of TheStreet.