JetBlue says it no longer expects a profit in the third quarter
JetBlue Airways Corp.
stock was down 6.8% in premarket trades on Tuesday after the domestic carrier warned it would post a potential third-quarter loss due to competition with international travel and other challenges. JetBlue swung to a second-quarter profit of $138 million, or 41 cents a share, from a year-ago loss of $188 million, or 58 cents a share. Adjusted second-quarter income for the airline totaled 45 cents a share, ahead of the analyst expectation of 44 cents a share, according to FactSet data.
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