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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 during the summer travel season.
“The sheer magnitude of the air traffic control and weather-related delays has been staggering,” Chief Financial Officer Ursula Hurley said.