JetBlue Stock Slides As Airline Misses Performance Targets

US-based low-cost carrier JetBlue (NYSE: JBLU) posted mixed third-quarter financial results. The airline’s revenue figures held near guidance while costs overwhelmingly tracked better. The carrier still posted a wider net loss and ultimately guided to a softer revenue per available seat mile (RASM) band going into the fourth quarter. Management still says that its “JetForward” plan is building momentum while citing improving close-in demand, cost execution, and strategy surrounding Fort Lauderdale Airport (FLL).