JetBlue Now Expects Q3 Revenue To Be Near The Low End Of Its Previous Guidance Range - Filing
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways Corporation (JBLU) has revised its Q3 revenue expectations to the lower end of its previous guidance range, according to a recent filing. The airline cites greater than anticipated air traffic control and weather-related disruptions in the Northeast, which have increased crew and disruption costs and reduced flown revenue. Additionally, close-in leisure bookings for September have been lower than expected.
September 28, 2023 | 11:30 am
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JetBlue's Q3 revenue is expected to be at the lower end of its previous guidance due to unexpected disruptions and lower bookings. This could negatively impact the company's stock price in the short term.
JetBlue's revised Q3 revenue expectations are due to greater than anticipated disruptions and lower bookings. These factors could negatively impact the company's financial performance, which may in turn lead to a decrease in its stock price in the short term.
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