JetBlue shares fell after the airline cut its 2024 revenue forecast

A passenger silhouette in front of a JetBlue Airbus A321neo spotted on the tarmac at the bridge of the passenger aircraft from Amsterdam Schiphol International Airport AMS EHAM terminal in the Netherlands.

Nicholas Economou | norphoto | Getty Images

Shares of JetBlue Airways fell more than 10% in premarket trading Tuesday after the airline cut its revenue forecast for 2024, a setback as the carrier tries to return to profitability.

JetBlue said second-quarter revenue will likely fall by as much as 10.5% over the year, more than double the decline expected by analysts polled by LSEG. The New York-based carrier expected full-year sales to fall by low single digits, also lower than Wall Street expectations, after estimating flat sales for the year in its January report.

Leave a Reply

Your email address will not be published. Required fields are marked *