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JetBlue Airways reports a Q1 loss with revenue falling more than expected due to excess flying capacity in Latin America. The stock slides significantly, with shares tumbling 9-16% premarket and annual revenue forecast lowered.
$JBLU CEO: "As we look to the full year, significant elevated capacity in our Latin region, which represents a large portion of JetBlue’s network, will likely continue to pressure revenue and we expect a setback in our expectations for the full year"
JetBlue stock plunges as much as 19% as profitability goal hits setback https://t.co/4ackeoIxje by @ines_ferre
JetBlue's stock slides 16% after Q1 loss, on pace for biggest decline in 4 years #JetBlue $JBLU https://t.co/UVDtM7WtTX
