JetBlue’s Disappointing Sales Outlook Suggests Slow Recovery – BNN Bloomberg

(Bloomberg) — JetBlue Airways Corp.’s shares tumbled after a worse-than-expected sales forecast suggested a recovery will take some time.

Fourth-quarter revenue will be down as much as 7% from a year ago, the carrier said Tuesday in a statement that also detailed results for the prior three-month period. Analysts had expected a decline of less than 1% on average in estimates compiled by Bloomberg.

The outlook hints at slow progress in the carrier’s efforts to reduce expenses and boost…