JetBlue Issues Dim Outlook But Execs Remain Confident in Turnaround Plan
Skift Take
JetBlue said it was expecting a weaker first-quarter while executives said they believed the carrier’s turnaround plan would eventually deliver long-term profitability.
JetBlue issued a weaker first-quarter outlook as executives continue to say they are confident in the carrier’s turnaround plan.
For the first quarter, JetBlue is expecting available seat miles, a key revenue metric, to be down 2% to 5%. It is also expecting revenue per available seat mile, a key metric for profitability, to rise as much as 3.5%.
The carrier reported a net loss of $44 million for the fourth quarter.
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