by Donald Wood
Last updated: 9:05 AM ET, Thu September 5, 2024
Officials from JetBlue Airways have shared an improved third-quarter
revenue forecast based on improved operational performance and strong summer
travel demand.
JetBlue reported that bookings in Latin America—one of the
airline’s major markets—surpassed expectations, while cost-cutting efforts and less-profitable
routes being canceled improved the carrier’s forecast.
The airline also thrived during the global cyber outage in
July, as it was not impacted.
A JetBlue spokesperson revealed that the carrier expects
revenue in the range of a 2.5 percent decline to one percent growth
year-on-year in the July-September quarter. The company had earlier forecast
revenue to drop somewhere between 1.5 percent to 5.5 percent for the quarter.
Following the termination of the failed $3.8 billion merger
with Spirit Airlines, JetBlue deferred the delivery of 44 new jets from Airbus,
reducing planned expenditures by about $3 billion between 2025 and 2029.
The airline also recently announced a new multi-year
partnership with UBS Arena and the New York Islanders as the Official Domestic
Airline Partner.
“JetBlue is excited to lace up with the New York Islanders
and UBS Arena for the ultimate New York power play as the Official Domestic
Airline Partner,” said Marty St. George, president of JetBlue. “With new
JetBlue service from Long Island MacArthur Airport (ISP) launching next month,
we're excited to become an even bigger part of the Long Island community, home
of some of our most loyal customers.”
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