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The
New York-based carrier now expects full-year adjusted profit of
between 5 cents and 40 cents per share, compared with its
previous forecast of between 70 cents and $1 per share.
American Airlines and JetBlue Airways, which is in the process
of taking over Spirit Airlines, will begin to wind down their
Northeast Alliance on July 21 following a U.S. judge's order in
May that cited competition concerns.
JetBlue said on Tuesday its updated outlook for the year also
reflects "a greater than expected shift of pent-up COVID demand
to long-haul international markets which is pressuring demand
for domestic travel during the peak summer travel period."
Excluding items, the company reported an adjusted net income for
the second quarter of $152 million, or 45 cents per share,
compared with a loss of $153 million, or 47 cents per share, a
year earlier.
(Reporting by Kannaki Deka in Bengaluru; Editing by Anil D'Silva)
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