Stock Market Today: Indexes Edge Lower as Nasdaq Retreats; Bond Yields Fall
Shares of JetBlue hit a nearly 12-year low Tuesday after the airline forecast a wider-than-expected loss in the current quarter and said it was cutting back on some flights. The weak outlook comes after JetBlue's third-quarter results missed Wall Street expectations because of significant delays du
Updated 26 minutes ago
JetBlue shares hit a 12-year low after airline forecasts showed a wider loss
By:
, Reporter
JetBlue shares hit a 12-year low on Tuesday, after the airline announced a larger-than-expected quarterly loss and that it would be cutting back some flights.
JetBlue's disappointing third-quarter earnings was due to significant delays in the summer travel period.
Ursula Hurley, Chief Financial Officer said: "The magnitude of air traffic control delays and weather related delays have been staggering."