JetBlue pulls earnings outlook amid tariff uncertainty, following American and Delta

From Yahoo Finance: 2025-04-29 10:50:00

JetBlue shares dropped 2% after withdrawing full-year guidance due to trade war impacts. The airline reported a $208 million loss, below expectations. Booking strength declined through March. JetBlue stock fell over 3%. Rivals, including American and Delta, also pulled guidance, citing economic uncertainty and weakened demand. Foreign travel into the US is decreasing due to ongoing tariff trade war, impacting airlines. United Airlines noted US-origin demand compensating for international passenger volume reductions. Wall Street analysts cite anti-American sentiment as a factor. 1. The stock market surged today, with the S&P 500 hitting a record high. Tech stocks led the way, with Apple and Microsoft both seeing significant gains. Analysts cite positive economic data and optimism around a potential stimulus package as reasons for the market’s strong performance.

2. In other news, a new study found that wearing two masks is significantly more effective at reducing the spread of COVID-19 than wearing just one. The study, conducted by researchers at the CDC, showed that double masking can reduce the risk of transmission by up to 95%.

3. The Biden administration announced a new plan to vaccinate 100 million Americans in the first 100 days of his presidency. The plan includes setting up community vaccination centers and increasing the supply of vaccines to states. The goal is to speed up the vaccination process and curb the spread of the virus.

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