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flag JetBlue posts $319M Q1 loss due to soaring jet fuel costs.

flag JetBlue Airways reported a widening first-quarter loss of $319 million as soaring jet fuel costs from the Strait of Hormuz closure triggered the aviation industry's largest crisis since the pandemic. flag To offset these expenses, the airline plans to cut capacity, slow hiring, and raise fares, with full cost recovery expected by early 2027.

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