JetBlue SEC Filing Predicts Lower Capacity/Revenue than Previously Thought

MiAMI – In a recent 8-K filing with the SEC, JetBlue Airways (B6) announced it expects its flown capacity for Q4 2020 to decrease between 45-50% year-over-year. This compares to the company’s previous planning assumption of a decrease of approximately 45% year-over-year.

JetBlue plans to continue to manage capacity and align with demand on a rolling basis. Booking trends remain volatile and B6 continues to believe demand and revenue recovery will be non-linear through the fourth quarter and beyond. Like all airlines, JetBlue cannot predict recovery and operational changes due to additional COVID-19 related disruptions or other issues.

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Source:: “Airways Magazine”

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