JetBlue Stock Soars On Raised Revenue Guidance

Core Insights - JetBlue Airways has raised its third-quarter revenue guidance, projecting a potential growth of up to 1% year-over-year due to increased bookings and improved operational performance during the summer [1] - The airline's revenue projection has been adjusted to reflect a range between a 2.5% loss and a 1% gain, an improvement from the previous forecast of a loss between 1.5% and 5.5% [1] Financial Performance - JetBlue's shares experienced a nearly 8% increase following the announcement of the revised revenue guidance [2] - Despite the recent rally, JetBlue shares have not fully recovered from the previous announcement regarding a $3 billion debt raise and subsequent credit downgrades [2] Market Context - The US Global Jets ETF, which includes airline shares, saw an increase of over 1% recently, indicating a positive sentiment in the airline sector [2]