JetBlue Raises Third-Quarter Fuel Price Forecast to $3.96 per Gallon

JetBlue raised its projected fuel price for the third quarter to $3.96 per gallon in a Sept. 10 outlook update, as the airline prepared to report results on Oct. 27. The forecast increased from $3.49 per gallon. JetBlue’s estimate included taxes and other fees and was based on the forward curve as of Sept. 4. JetBlue also raised its projected year-over-year growth in costs per available seat mile, excluding fuel, to 6% to 8% from 2.5% to 4.5%.

Source: TokenPost