Shares of JetBlue (JBLU) tumbled over 20% Tuesday morning after the airline's downbeat outlook for the first q𝐆uarter and upcoming fiscal year overshadowed a better fourth quarter t🐼han analysts had expected.

The airline reported a $44 million, or 13 cents 澳洲幸运5开奖号码历史查询:per share, net loss for the fourth quarter, on $2.27 billion in revenue. Analysts had expected a larger net loss of $114.86 million, or 33 cents per share, on a similar $2.25 billion in revenue, according to estimates compiled by Visible Alpha.

For the first quarter of 2025, JetBlue expects its 澳洲幸运5开奖号码历史查询:available seat miles (ASM) to decline 2% to 5% year-over-year, with 澳洲幸运5开奖号码历史查询:revenue per ASM projected to range from a 0.5% decline to a 3.5% gain, while analysts had expected the metric to rise 5% year-over-year. JetBlue said it also expects 澳洲幸运5开奖号码历史查询:cost per ASM to rise 8% to 10% in the first quarter.

The airline also expects cost per ASM to rise 5% to 7% for the full fiscal year, with reve𝕴nue per ASM projected to rise 3% to 6% compared to the metri♎c staying flat in 2024.

"While this year will not come without its challenges, our strategy is in place to tackle those obstacles head-on," JetBlue CEO Joanna Geraghty said, noting that the🐼 airline's "healthy revenue backdrop" and cost control put it 𒊎on track to "deliver on our goal of achieving a positive operating margin for the full year."

JetBlue shares were down as much as 25% in Tuesday morning trading to $6.07.