JetBlue reports wider first quarter loss on fuel costs
The New York-based carrier reported a net loss of $319 million for the first quarter. Rising jet fuel costs linked to the Iran war impacted airline margins.
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JETBLUE AIRWAYS CORP reported a $319 million net loss for the first quarter on Tuesday. This loss widened from $208 million a year earlier as fuel costs rose following conflict in Iran. Rising operational expenses threaten the turnaround strategy of the United States carrier during a critical margin recovery phase.
JetBlue reported a loss of 86 cents per share, exceeding the 59 cents per share loss recorded in the same period last year. Reuters reported Tuesday that surging jet fuel prices remain the primary headwind for the New York-based airline.
