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
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 ...