JetBlue Lowers Fuel Cost Forecast, Expects Smaller Revenue Decline
JetBlue Airways has revised its fuel cost forecast for the third quarter, now expecting a range of $2.45 to $2.55 per gallon (approximately €2.10 to €2.20). This update comes with a more positive outlook on revenue trends for the fourth quarter.
Initially, JetBlue had predicted a revenue decline of between 2 and 6 percent for the third quarter. However, the airline has since revised this estimate to a smaller decline of 1.5 to 4 percent. This improvement is attributed to the finance department's revision of JetBlue's fuel consumption forecast for the same period.
JetBlue Airways remains optimistic about revenue trends continuing into the fourth quarter, suggesting a positive outlook for the remainder of the year.
JetBlue Airways has lowered its fuel cost forecast for the third quarter and expects a smaller revenue decline. The airline is optimistic about revenue trends continuing through the fourth quarter, indicating a positive financial outlook for the rest of the year.
