Market News
← Back to Home

JetBlue Airways posts wider quarterly loss on surging fuel costs

Reuters

Oct 26 (Reuters) - ‌JetBlue Airways reported ​a ‌bigger quarterly loss ‌on Monday as surging ‌fuel costs ate into margins, outweighing revenue ⁠gains from ‌fares and ⁠additional fees.

The New ​York-based airline posted an ​adjusted loss ​of ‌60 cents ​for the ⁠three months ‌to September ​30, ​compared with a 40-cent loss in the ‌year-ago period.

(Reporting by Nandan ‌Mandayam ​in Bengaluru; Editing by Devika Syamnath and ‌Diti Pujara)