JetBlue Airways Corp.’s stock tumbled 26% Tuesday, pulling back from an 18-month high, as investors focused on the air carrier’s weaker-than-expected guidance for a key revenue metric rather than on its upbeat fourth-quarter results.

The airline is in the middle of a plan to reduce costs by culling unprofitable routes and drumming up revenue with higher-priced seats.

Shares of JetBlue Airways lost a quarter of their value after the company laid out tepid guidance for the first quarter, overshadowing solid results for the last three months of 2024. JetBlue is in th

By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -JetBlue Airways shares plunged 28% on Tuesday after the New York-based carrier forecast lower-than-expected unit revenue and higher costs in the current quarter.

The company also expects the average fuel price per gallon to increase to a range of between $2.65 and $2.80 in the first quarter from $2.47 in the fourth quarter. The stock fell

JetBlue’s unit revenue guide implied deceleration year over year despite all the changes it has been making,” offered Melius Research analyst Conor Cunningham.

JetBlue Airways forecast higher costs, and unit revenue below analysts' expectations, for the first quarter on Tuesday, sending the New York-based carrier's shares down 26% in morning trade. Lisa Bernhard has more.