Aviation

JetBlue turbulence: Revenue expected to fall nearly 10 per cent in Q1 as costs soar

Airline is taking ‘aggressive action’ to return to profit, says Joanna Geraghty, the Irish-American incoming chief executive of the struggling firm

Joanna Geraghty, the Irish-American businesswoman and incoming chief executive of JetBlue Airways. She will be the first woman to lead a major US air carrier. Picture: Bloomberg

JetBlue Airways has forecast sales will decline this quarter more than Wall Street expected as it contends with uneven demand and elevated costs, a setback for the carrier while the fate of its troubled $3.8 billion acquisition of Spirit Airlines remains murky.

Revenue will fall as much as 9 per cent in the period, the company said Tuesday in a statement. Analysts expected a 5 per cent slide on average in estimates compiled by Bloomberg ...