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Jan. 27, 2022, 1:30 p.m. EST

JetBlue CEO: Omicron's 'worst is behind us'

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By Claudia Assis

JetBlue Airways Corp. is "confident the worst (of the omicron's wave) is behind us," as evidenced by recent case-count trends in New York City "plummeting," Chief Executive Robin Hayes said in a call with analysts following the airline's fourth-quarter results. "We believe demand is poised to reaccelerate through the quarter into a robust spring and peak summer travel season, similar to the setup around this time last year," Hayes said, according to a FactSet transcript of the call. "And we are already seeing demand rebound strongly, with net revenue builds up roughly 30% compared to the first week of January." JetBlue earlier Thursday reported a fourth-quarter loss that was narrower than expected and revenue above forecasts. The stock was the sole major U.S. airline stock to trade higher on Thursday amid broader market weakness. JetBlue shares have lost 6% in the past 12 months, contrasting with gains of around 15% for the S&P 500 index. /zigman2/quotes/210599714/realtime SPX -0.81% and underperforming in relation to the U.S. Global JETS ETF /zigman2/quotes/207744796/composite JETS -4.60% , which lost about 5% in the same period.

-32.27 -0.81%
Volume: 2.44B
May 24, 2022 4:55p
US : U.S.: NYSE Arca
$ 18.65
-0.90 -4.60%
Volume: 6.03M
May 24, 2022 4:00p

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