JetBlue offers an improved outlook while saying travel demand remains healthy

By Emily Bary

American Airlines reduced its profit outlook last week, spurring a selloff in airline stocks

Following American Airlines Group Inc.’s guidance cut last week, JetBlue Airways Corp. made the opposite move on Monday, tweaking its outlook higher by raising the lower bound on several metrics.

The airline now expects a 2% to 4% drop in available seat miles in the second quarter, whereas its prior forecast called for a 2% to 5% drop. Additionally, JetBlue…