JetBlue Airways has reported a 76% decline in revenue for the third quarter to $492 million, with a pre-tax loss of $578 million compared to a pre-tax income of $254 million in the third quarter of 2019. The airline had been expecting a decline of 80% but benefitted slightly from improving leisure and visiting friends and relatives (VFR) travel trends throughout the quarter. JetBlue’s third quarter 2020 capacity was down by 58% year over year compared to an initial planning assumption of a decrease of at least 45%, as a result of actions taken to manage cash burn and protect

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In