Reported about 1 month ago
JetBlue Airways has raised its revenue forecast for the third quarter, anticipating a decline of only 2.5% to growth of 1% year-on-year, driven by improved operational performance and strong summer travel demand, particularly in Latin America. The airline benefited from increased bookings following a global cyber outage in July and has implemented cost-cutting measures. Additionally, JetBlue plans to defer deliveries of new jets and exit less profitable routes to enhance financial performance.
Source: YAHOO