Contra
Despite the rise in fuel prices, JetBlue said travel demand was “strong and consistent,” with positive trends “across all cabins and geographies.” The updated filing also noted the company was seeing “overperformance” on routes previously served by rival Spirit Airlines, which shut down in May. The company said it expected to “recapture 40% or more of increased fuel costs” in its second quarter.
Read more CBS News’ Scott Pelley Accuses Boss Bari Weiss Of ‘Murdering’ ‘60 Minutes’
Key Background
JetBlue suspended its full-year guidance in April, and announced it would slow hiring and raise airfare.
Read more Billionaire Barry Diller Wants MGM Resorts For $18B, Report Says