JetBlue stock tumbles on full-year guidance cut, Q1 results

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Shares of JetBlue Airways (JBLU) plunge ahead of Tuesday's market open, despite the airline reporting better-than-expected first-quarter earnings results. While JetBlue narrowly surpassed revenue estimates — posting $2.21 billion compared to analyst expectations of $2.2 billion — and reported better-than-anticipated adjusted losses per share, the company slashed its full-year revenue outlook.

JetBlue forecasts elevated capacities in its Latin American region will put pressure on revenue growth going forward.

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This post was written by Angel Smith