JetBlue boosts its third-quarter revenue forecast after strong late summer travel demand
Empty August offices gave JetBlue a boost, and the carrier on Thursday announced improved guidance for its current quarter.
The carrier now expects operating revenue per available seat mile to decline between 1.5% and 4% in the third quarter, an improvement from its previous forecast that it would drop between 2% and 6%. JetBlue also lifted the floor on its capacity guidance, from a 1% drop to flat.
“Momentum from earlier in the summer carried forward into August and through the Labor Day holiday, both of which were marked by strength for bookings,” the company said.
JetBlue posted an earnings beat in its second quarter, though it reported its fourth straight quarterly net loss. The carrier has made a profit in just four out of its last 14 quarters.
The company on Thursday also announced a new deal with Amazon to adopt its Project Kuiper satellite broadband network to power in-flight Wi-Fi on some planes beginning in 2027.
