JetBlue Lowers Its Revenue Expectations

JetBlue is lowering its revenue expectations for the fourth quarter, saying its plan to hold out for higher peak holiday fares isn't playing out as well as it expected.

JetBlue Terminal
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JetBlue Terminal

The New York airline now believes passenger revenue per available seat mile will increase by 10 to 13 percent in the September through December period, compared with a previous expectation of 12 to 15 percent. Revenue per available seat mile is expected to increase by 8 to 10 percent, down from a previous forecast of 10 to 12 percent.

JetBlue Airways also plans to give more perks to passengers who purchase its seats with added legroom next year, including an option to speed through security.

Chief Financial Officer Ed Barnes announced the plan at an investor conference Wednesday.