Key facts
- JetBlue Airways reported a wider quarterly loss due to surging fuel costs.
- The airline's adjusted loss for the three months ended September 30 was 60 cents per share.
- This compares to a 40-cent loss in the same period last year.
- Revenue gains from fares and additional fees were outweighed by increased fuel expenses.
- JetBlue is facing cash flow difficulties exacerbated by rising oil prices.
JetBlue Airways reported a larger quarterly loss for the three months ended September 30, 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 per share, compared with a 40-cent loss in the year-ago period. The company is facing cash flow difficulties exacerbated by rising oil prices, with senior creditors working with advisors from PJT Partners and Akin Gump to navigate these headwinds. JetBlue plans to provide further updates on its efforts to improve revenue and profitability during its Q3 earnings call scheduled for Tuesday.