JetBlue Airways Slashes 2023 Outlook and Warns of Potential Loss Amidst Traveler Preferences for International Destinations and Partnership Changes with American Airlines

JetBlue Airways







has reduced its expectations for 2023 and warned of a potential loss in the current quarter. The airline is facing challenges as more travelers choose international destinations and as it deals with the termination of its partnership with

American Airlines







in the Northeast.

JetBlue now forecasts adjusted earnings per share for the full year to be between 5 cents and 40 cents, a decrease from its previous estimate of up to $1 per share.

The airline’s shares were down approximately 5% in premarket trading following the release of its second-quarter results.

Here’s how JetBlue performed in the period, compared to the expectations of Wall Street, based on Refinitiv consensus estimates:

• Adjusted earnings per share: 45 cents vs. 44 cents expected
• Revenue: $2.61 billion vs. $2.61 billion expected

This is breaking news. Check back for updates.