JetBlue expects first quarter revenue to be down 4-7% in guidance revision

JetBlue in an 8K filing said it expects its first quarter revenue to be down 4.5-7.5% down year-over-year compared to its previous guidance of a 5-9% fall. It also expects cost per available seat mile (CASM) excluding fuel for the first quarter to up 8.5-9.5%, down from the previous forecast of 9-11%.  Fuel price per gallon for the first quarter is expected to be between $2.93 and $3.03, up from the previous estimate of between $2.87 and $3.02. Available seat miles (ASM) for the first quarter are expected to be down 3-4%, compared to the previous estimate of 3-6%. At