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JetBlue operating revenue just misses estimates

JetBlue passengers at Logan International Airport, Boston.
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JetBlue passengers at Logan International Airport, Boston.

JetBlue Airways on Tuesday reported first-quarter operating revenue of $1.60 billion, versus a consensus analyst expectation of $1.62 billion.

Operating revenue per available seat mile decreased 4.8 percent to 11.81 cents from a year earlier. "We took quick actions in the first quarter to address RASM trends that were below our expectations," JetBlue Chief Executive Officer Robin Hayes said in a statement.