JetBlue Airways’ Stock Surges Despite Severely Damaged Revenue Amid COVID-19

On Monday NASDAQ: JBLU continued to grow 1.29% to $10.20 while daily volume reached 16,924,001 shares which are greater as compared to the average trading daily volume of 16,156,050 shares.

Not long ago JetBlue Airways unveiled Q1 2020 financial report that could make investors run away but JBLU strives in rising seriously.

Financial Results for the first quarter ended in March 2020

COVID-19 has been hitting airlines terribly, no wonder if Q1 2020 revenue fell drastically for the JetBlue. Consequently, net income became negative while operating expenses and cost of revenue are permanently unavoidable. Q2 revenue might bring positive results as the lockdown is over unless the second wave of the pandemic spreads.

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JetBlue’s market value reaches up to 2.751 billion. Meanwhile, earnings per share based on 12-months barely becomes $0.89 temporarily.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life