JetBlue raises third quarter revenue guidance

JetBlue raised its third quarter revenue guidance on September 5, 2024. Strong summer bookings coupled with the IT outages impeding on its competitors operations had driven the stronger revenues. Current guidance expects revenues to be between a negative 2.5% to a positive 1%, when compared to the third quarter last year. “JetBlue’s revenue performance quarter-to-date was benefited by several factors, including improving in-month bookings, particularly in the Latin region, and continued progress from its previously announced $300 million worth of revenue initiatives,” the airline read in a stock filing. It seems JetBlue lucked out on its technology with it noting