JetBlue Stock Sinks as Forecast Outweighs Narrower-Than-Expected Q4 Loss
Key TakeawaysJetBlue shares tumbled Tuesday morning as the airline's disappointing outlook overshadowed a solid fourth quarter.The airline narrowly surpassed revenue estimates and recorded a smaller net loss than expected for the fourth quarter.JetBlue's available seat miles are expected to be down in the first quarter, with costs per mile expected to grow at a faster rate than revenue per mile. Shares of JetBlue (JBLU) tumbled over 20% Tuesday morning after the airline's downbeat outlook for the first quar ...