Earnings

JetBlue Airways swings to quarterly loss as coronavirus drove revenue down 90%

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A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA.

Tim Rue | Bloomberg | Getty Images

JetBlue Airways on Tuesday said it swung to a loss in the second quarter and forecast that revenue will fall by about 80% in the third quarter as the coronavirus pandemic promises a choppy recovery in travel demand.

The New York-based airline carried just 616,000 passengers in the three months ended June 30, down more than 94% from the 11 million who flew JetBlue in the same period last year. Revenue plunged about 90% to $215 million from more than $2.1 billion in the second quarter of 2019.

JetBlue is the latest airline to detail financial losses stemming from the coronavirus



Source cnbc.com

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