Earnings

JetBlue abandons 2020 forecast amid virus outbreak

0


JetBlue Airways on Monday withdrew its first-quarter and full-year earnings forecast and said it was considering voluntary time-off programs for employees, as the coronavirus outbreak wreaks havoc on the global travel industry.

JetBlue said it is adjusting schedules between March and early May due to falling demand, and is evaluating further flight cancellations as the situation around the epidemic develops. The company also said it was delaying some hiring and increasing the frequency with which it cleans aircraft.

An industry body last week estimated the outbreak could lower passenger revenue globally for airlines by as much as $113 billion this year, as demand collapses.

On Sunday, Air…



Source cnbc.com

Mortgage rates could be lower, but lenders struggling to keep up with demand

Previous article

Amazon stock worth buying during this market meltdown

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings