JetBlue’s Profit Warning Fuels Concern Over US Travel Demand
- Carrier cites surprise move to global flying in crucial summer
- JetBlue is latest airline to indicate waning domestic travel
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JetBlue Airways Corp. slashed its full-year profit forecast over signs of a slowdown in domestic demand, becoming the latest carrier to warn of a shift toward international routes and renewing questions about the durability of a post-pandemic surge in US travel.
The company also said Tuesday that it would earn less this quarter than analysts expected, echoing comments from Alaska Air Group Inc. last week that waning demand and fares would hurt near-term results.