JetBlue reports Q3 results

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