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JetBlue Airways to Face 80% Loss in Third Quarter, Post Pandemic Turbulent Recovery in Travel Demand

July 28, 2020 / Leslie Josephs

JetBlue Airways on Tuesday said it swung to a loss in the second quarter and forecast that revenue will fall by about 80% in the third quarter as the coronavirus pandemic promises a choppy recovery in travel demand. The New York-based airline carried just 616,000 passengers in the three months ended June 30, down more than 94% from the 11 million who flew JetBlue in the same period last year. Revenue plunged about 90% to $215 million from more than $2.1 billion in the second quarter of 2019.