AAL shares gained 6.4%.
JetBlue Airways (JBLU) also revealed double-digit revenue growth and pre-tax margin expansion, with earnings per share rising more than 50% year-over-year. The carrier also offered an optimistic outlook ahead.
“We expect 2019 will be a stepping stone year to deliver on our 2020 goals, and to further improvements beyond 2020. We expect to see margin expansion resulting from our network reallocation, ancillary revenue initiatives, improvements to our fleet and our progress in better controlling our costs. We remain confident in our ability to execute on our building blocks and achieve our $2.50 to $3.00 EPS target in 2020,” President Joanna Geraghty said.
JBLU added 5.1% on Thursday.
JETS include a 12.0% position in Southwest Airlines, 11.7% in American Airlines Group and 3.9% in JetBlue.
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