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.

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