JetBlue swings to a loss, forecasts lower capacity in 2024


JetBlue planes at JFK’s Terminal 5 in New York.

Leslie Josephs/CNBC

JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this yr because it scrambles to return to profitability.

The New York-based airline reported a internet lack of $104 million in the final three months of 2023, in contrast with a $24 million revenue a yr earlier. On a per share foundation, JetBlue misplaced 31 cents through the fourth quarter, in contrast with a 7-cent revenue through the year-earlier interval.

JetBlue stated it expects 2024 capacity to be down in the low single digits and that its adjusted margins may strategy breakeven.

This is breaking information. Check again for updates.



Source link

Leave a Reply

Your email address will not be published.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