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JetBlue raises revenue outlook for Q4, expecting a smaller drop due to higher bookings and lower fuel costs.
JetBlue Airways improved its revenue outlook for the fourth quarter, now expecting a 2% to 5% drop year-over-year, better than the previous 3% to 7% decline estimate.
This improvement comes from higher-than-expected bookings, particularly after the US election, and lower costs due to falling fuel prices.
The company’s stock rose over 8% on the news.
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JetBlue aumenta las perspectivas de ingresos para Q4, esperando una caída menor debido a las reservas más altas y los costos de combustible más bajos.