JetBlue Airways reported a significant first-quarter loss of $145 million, or 43 cents per share, and has lowered its revenue outlook for 2024, attributing the downturn to excess flying capacity in Latin America. The company's adjusted earnings per share were $0.43, beating estimates by $0.09, while revenue was slightly above expectations at $2.209 billion. Despite these figures, JetBlue's stock experienced a sharp decline, falling as much as 19% in pre-market trading. The CEO warned that the elevated capacity in Latin America, a key market for JetBlue, is expected to continue affecting revenue negatively throughout the year.