JetBlue Shares Drop After Airline Reports $120M Loss

July 25, 2018

JetBlue shares plunged 9 percent — among its worst one-day declines in a decade — after the airline reported a $120 million second-quarter loss on higher fuel expenses and gave a cautious outlook for the rest of 2018.

Executives of JetBlue, the nation's sixth-biggest airline, said Tuesday they will respond by reducing planned growth and redirecting some West Coast flying to more profitable transcontinental routes.

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