(Reuters) -JetBlue Airways on Monday forecast a smaller drop in second-quarter revenue than it had previously forecast due to healthy travel demand, sending its shares up about 5% in early trading.
Major U.S. carriers expect record passenger numbers for the summer season but uneven demand on certain routes has led to overcapacity and is hurting pricing power for a few airlines.
JetBlue now expects its second-quarter revenue to fall between 6.5% and 9.5%, compared with its previous forecast of…
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