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Market Impact: 0.38
JetBlue Cuts Capacity Outlook, Adding to Turnaround Pressure
Source: Bloomberg
Corporate Guidance & OutlookTravel & LeisureNatural Disasters & WeatherTransportation & LogisticsCompany Fundamentals
JetBlue cut its third-quarter capacity outlook after weather and air-traffic-control disruptions in the northeastern US snarled operations. The reduced outlook sent shares lower and adds pressure to the carrier's ongoing financial turnaround, with the impact primarily company-specific.
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