JetBlue raises 3Q revenue forecast due to strong summer demand and improved Latin America bookings.
JetBlue Airways has raised its third-quarter revenue forecast, citing strong summer travel demand and improved ticket bookings, particularly in Latin America. The airline now expects revenue to decrease by 2.5% to increase by 1% year-on-year, an upgrade from a prior forecast of a 1.5% to 5.5% decline. Despite a rise in costs due to debt, JetBlue's stock increased by 6% following this announcement. The company is focused on cost-cutting and profitability.
September 05, 2024
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