Transportation
JetBlue Boosts Revenue Outlook on Rivals’ Technology Stumble
- Carrier also cites improved Latin bookings in revised forecast
- Outlook for jet fuel costs, non-fuel expenses were lowered
A JetBlue Airways Corp. plane takes off from Long Beach Airport.
Photographer: Tim Rue/Bloomberg
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JetBlue Airways Corp. raised its sales forecast for the current quarter after the carrier said it benefited from re-booking passengers from rival airlines whose flights were disrupted by a technology outage in July.
Revenue in the third quarter will be in the range of up 1% to down 2.5%, compared with a prior expectation of as much as a 5.5% decline, JetBlue said Thursday in a regulatory filing. The company also lowered its outlook for fuel costs and non-fuel expenses.