Markets
JetBlue ground crew
(David Butow/Getty Images)
Blue skies

Earnings beat and United alliance approval lift JetBlue, even as profit remains elusive

JetBlue reported its second-quarter earnings before the market opened on Tuesday.

Max Knoblauch

JetBlue hasn’t found much profit in the flying-people-around business lately. That trend continued this quarter, as seen in JetBlue’s latest earnings report, released Tuesday.

Still, things are looking up for the airline.

JetBlue posted an adjusted loss of $0.16 per share, beating Wall Street expectations of a loss of $0.33 per share, per analysts polled by FactSet. JetBlue’s adjusted quarterly net loss of $58 million also exceeded estimates: analysts expected a loss of $117 million.

JetBlue posted $2.36 billion in sales on the quarter, also better than expected. The carrier flew 19.24 million passengers in the first half of this year, down 3.6% from last year.

Like most of its US rivals, JetBlue yanked its full-year outlook in April as tariffs shook the travel industry. Now, JetBlue says demand is “turning a corner.”

“We are encouraged to see that momentum carry into July and, we are optimistic that demand will continue to improve through the end of the year,” JetBlue President Marty St. George said.

Also putting wind beneath investors’ wings is the news that the Department of Transportation on Tuesday approved JetBlue’s planned “Blue Sky” alliance with United Airlines, first announced in May. Under the deal, JetBlue and United customers will be able to use and earn points from either airline’s frequent flyer programs interchangeably.

United will also gain access to JFK Airport, through JetBlue’s slots, beginning in 2027.

JetBlue shares climbed 6% in premarket trading, while United ticked up less than 1%.

More Markets

See all Markets
Luke Kawa
7/13/26
Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three
markets
J. Edward Moreno

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

Luke Kawa
7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise
Luke Kawa
7/1/26
Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings
markets
Paige Oamek

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

  • Revenue of $11.0 billion (estimate: $10.8 billion).

  • Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.
©2026 Sherwood Media, LLC