JetBlue Stock Tumbles After Revenue Warning, Lowered Guidance
JetBlue shares tumbled Tuesday as the airline warned about current-quarter and full-year revenue amid soft travel demand in its key Latin America market.JetBlue CEO Joanna Geraghty said that the carrier planned too many flights to Latin America, and that will put pressure on revenue throughout the year.JetBlue posted a loss of $716 million, with much of that comprising one-time charges, including those associated with its termination of the planned purchase of Spirit Airlines.