JetBlue Airways revises Q2 revenue decline forecast to 6.5%-9.5% from 6.5%-10.5%, citing stronger summer demand and better operational performance.
JetBlue Airways Corp. has revised its Q2 revenue performance, now expecting a 6.5%-9.5% decline compared to its earlier forecast of a 6.5%-10.5% drop. The improved outlook is attributed to robust summer demand and better operational performance. Capacity is now projected to decrease by 2%-4%, down from the previous 2%-5% decline. The carrier's shares rose by 2.8% following the announcement.
June 03, 2024
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