JetBlue Airways announced in a filing Tuesday that its revenue is expected to take a hit in the fourth quarter after demand during December 'materialized below expectations.'
, continues to "see a growing appetite for JetBlue’s unique customer value proposition of low fares and great service."
"Throughout the [third] quarter, strong leisure and VFR [visiting friends and relatives] demand trends carried through the peak summer and into the fall trough period. We see that continuing here in the fourth quarter, and we’re confident in the demand backdrop for the year-end holiday peaks. For the fourth quarter, we expect unit revenue to increase between 15% and 19% year over three," JetBlue said in its third quarter press release.
Operating revenues rose 60% to $6.7 billion for the nine months ended Sept. 30. The net loss widened to $386 million from $53 million year-over-year. Ground operations crew members unload baggage from a JetBlue Airways Corp. Airbus Group SE A320 aircraft on the tarmac at Long Beach Airport in Long Beach, California, U.S., on Monday, April 25, 2016.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TooFab's Week In Celebrity Photos: December 12 - December 17Sarah Jessica Parker and Matthew Broderick made a RARE red carpet appearance with all three kids (via toofab)
Read more »
TooFab's Week In Celebrity Photos: December 12 - December 17Gisele Bundchen SIZZLES in red carpet return after Tom Brady divorce (via toofab)
Read more »
Etihad Airways‘ Ultra-Luxe ’Residence’ Cabins, With Shower and Living Room, Are Coming BackThe airline will reintroduce four A380 aircrafts, all which offer its signature three-room first-class cabins.
Read more »
Pokémon TCG Value Watch: Chilling Reign In December 2022ICYMI: PokemonTCG Value Watch: ChillingReign in December 2022 notes the Blaziken VMAX Alt Art beginning to creep up in value. Pokemon
Read more »
Groups in favor of removing Confederate statues holding rally TuesdayMultiple groups in Jacksonville are gearing up to hold a rally Tuesday to protest Confederate monuments that are still standing in Jacksonville.
Read more »