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Markets News

JetBlue revenue falls 76% in coronavirus travel slump

Oct 26 (Reuters) - JetBlue Airways reported a 76% decline in total revenue to $492 million in the third quarter from a year earlier due the slump in travel from the coronavirus pandemic but said it was encouraged about upcoming holiday bookings.

New York-based JetBlue said its daily cash burn would hover between $4 million and $6 million in the fourth quarter after it burned about $6.1 million per day in the third, which was better than it had forecast.

Reporting by Tracy Rucinski; editing by Jason Neely

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