When it rains, it pours for airline shareholders. Nearly every major U.S. airline has recently cut its outlook, and JetBlue Airways became the latest on Thursday. JetBlue said in a filing that revenue would be on the l
When it rains, it pours for airline shareholders., and JetBlue Airways became the latest on Thursday. JetBlue said in a filing that revenue would be on the low end of its prior forecast, which called for revenue declines of 4 to 8%.
The airline blamed a litany of woes, including soaring fuel costs, unusually poor weather in the northeast that has led to disruptions and additional expenses, and September bookings for leisure travel that were lighter than expected.
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