Reported 4 months ago
JetBlue Airways has revised its second-quarter revenue forecast to a smaller decline, citing healthy travel demand leading to an expected drop between 6.5% and 9.5%, an improvement from the previous forecast of 6.5% to 10.5%. The airline attributes this to better operational performance, cost efficiency, and lower jet fuel prices. JetBlue has been managing higher operating costs due to ongoing engine inspections and has adjusted routes to focus on profitable regions. It also lowered its fuel cost projection to $2.85 to $2.95 per gallon.
Source: YAHOO