JetBlue Cuts Capacity-Growth Outlook, Citing Bad Weather and Fuel Costs
JetBlue lowered its third-quarter capacity-growth outlook, now expecting available seat miles to increase 1.5% to 3.5%, down from prior guidance of 3%-to-6% growth. The airline attributed the revision to bad weather and higher fuel costs.
Why it matters — A downward revision to capacity guidance citing weather and fuel costs signals potential operational and cost headwinds for JetBlue investors.