JetBlue Wounded As Airlines Pour Capacity Into Latin American Leisure Markets
JBLUJetBlue(JBLU) Forbes·2024-04-24 01:23

A JetBlue aircraft prepares to board passengers in Grenada in February 2022.. (Photo by Robert ... [+] Nickelsberg) Getty Images In the first quarter, the airline industry’s excessive capacity expansion in Latin America leisure markets slightly wounded Delta and United. But it decimated JetBlue results. Excluding one-time items, JetBlue reported a first quarter loss of 145millionor43centsashare,asrevenuedeclined5.1145 million or 43 cents a share, as revenue declined 5.1% to 2.21 billion. In the same quarter a year earlier, the net loss was $111 milli ...