JetBlue Suspends Full-Year Guidance After Wider-Than-Expected First-Quarter Loss
JetBlue reported a larger-than-expected first-quarter loss, saying higher fuel costs and volatile demand continued to weigh on the carrier. The airline suspended full-year guidance, with its chief executive saying the move reflected external factors rather than company-specific issues.
Management said on its Tuesday call that it will keep watching demand closely, expects to cut additional capacity after the summer peak and plans to recapture 30% to 40% of fuel costs in the second quarter.
From the sources (3 posts)
@wallstengineJetBlue $JBLU CEO said suspending full-year guidance reflects external factors alone, not company-specific issues. On the Tuesday call, management said it will keep watching demand closely and expects to cut additional capacity after the su
@bloombergtvJetBlue reported a larger than expected first-quarter loss on higher fuel costs and volatile demand. The carrier said it plans to recapture 30%-40% of fuel costs in the second quarter. Tom Fitzgerald of TD Cowen examines the results https:/
@businessJetBlue reported a first-quarter loss that exceeded analysts’ estimates as higher fuel costs and volatile demand continue to weigh on the carrier