JetBlue has been losing money for years. It just charted a path to profitability.
Summary
JetBlue shares surged more than twenty percent after the airline announced a new strategy aimed at achieving financial profitability. This recent development helped ease investor concerns regarding the long-term survival of the carrier, which has experienced years of ongoing financial losses.
JetBlue’s stock rises nearly 20% as a new profit target helps calm fears about the airline’s viability.
Source: Read the full story at MarketWatch.com - Top Stories
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