“JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook”
April 29, 2024
“…JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. The carrier last month called off its merger agreement with budget carrier Spirit Airlines after a judge blocked that $3.8 billion deal on antitrust grounds.
The outlook update Tuesday shows a growing divide between JetBlue and its larger rivals that have big international networks like Delta and United, which have forecast profits, strong revenue and record demand this summer…”
https://www.cnbc.com/2024/04/23/jetblue-jblu-lowers-2024-revenue-outlook.html