JetBlue lowers annual revenue forecast as Latin America oversupply bites
by Yahoo Finance
Yahoo Finance— Struggling to return to profitability, JetBlue last month outlined plans to cut some of its routes and markets that were unprofitable, including Bogota in Colombia and Lima in Peru, and reallocate resources to better-performing regions. The Caribbean and Latin American regions represented more than 33% of JetBlue's overall capacity in 2023, a regulatory filing showed. JetBlue now expects fiscal 2024 revenue to decline in the low-single-digit percentage range, compared with its prior forecast...
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The Independent—AP Week in Pictures: Latin America and Caribbean. April 16 - May 2, 2024