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An Airbus A321 aircraft from JetBlue Airways Corp. taxi outside terminal 5 of John F. Kennedy International Airport (JFK) in New York.
Mark Kauzlarich | Bloomberg | Getty Images
JetBlue shares fell 4.5% on Wednesday after the airline lowered its revenue forecast, due to weak demand for its flights to Puerto Rico and the impact of the airline. Hurricane Dorian.
The company said in a statement on Wednesday that it expected that growth in its available seat business, a key measure in the airline industry, would be between -2% and 0%. % for the third quarter. JetBlue's previous forecast was for growth of between 0.5% and 3.5%.
The airline attributed 1.25 percentage points of this change to a demand for trips to Puerto Rico lower than expected and 0.75 point to the impact of Hurricane Dorian.
The company also said the demand for its system was lower. Its total sales for the third quarter of last year was just over $ 2 billion.
Hurricane Dorian forced airports to close and cancel hundreds of flights while he was heading to the United States. The storm killed at least seven people.
The airline also warned in July that delays in shipping new Airbus aircraft would hinder growth this year.
Shares of the New York-based airline, whose market capitalization is about $ 5 billion, have risen by more than 2% since the beginning of the year.
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