JetBlue Airways (JBLU) earnings Q4 2023

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JetBlue planes at JFK’s Terminal 5 in New York.

Leslie Josephs/CNBC

JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this year as it scrambles to return to profitability.

The New York-based airline reported a net loss of $104 million in the last three months of 2023, compared with a $24 million profit a year earlier. On a per share basis, JetBlue lost 31 cents during the fourth quarter, compared with a 7-cent profit during the year-earlier period.

JetBlue said it expects 2024 capacity to be down in the low single digits and that its adjusted margins could approach breakeven.

This is breaking news. Check back for updates.

Sumber: www.cnbc.com

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