JetBlue trims Q3 revenue expectation as Covid impact continues

JetBlue Airways is the latest US airline to trim its Q3 financial projections in response to booking “softness” due to still-high rates of coronavirus infections. “Given the recent uptick in Covid-19 case counts, JetBlue has experienced some softness in bookings and an increase in customer cancellations, which has impacted revenue for the third quarter of 2021,” the carrier says in a 9 September regulatory filing. JetBlue now expects its Q3 revenue will be 6-9% less than its revenue in Q3 of pre-pandemic 2019. Previously, JetBlue had pegged the Q3 2021 decline at 4-9%. The carrier now expects to earn $75-125m in Q3, though that figure excludes the financial impact of interest, taxes, depreciation, amortisation and special items. <br/>