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JetBlue stock gains after a narrower-than-expected loss, revenue that rose 4-fold to beat forecasts

·1 min read
JetBlue stock gains after a narrower-than-expected loss, revenue that rose 4-fold to beat forecasts
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Shares of JetBlue Airways Corp. rose 0.5% in premarket trading Tuesday, after the air carrier reported a narrower-than-expected third-quarter loss, revenue that rose four-fold to top forecasts and provided an upbeat outlook. The company swung to net income of $130 million, or 40 cents a share, from a loss of $393 million, or $1.44 a share, in the year-ago period. Excluding nonrecurring items, which would include government payroll assistance, the adjusted per-share loss was 12 cents, compared wi