Why did JetBlue Airways stock jump 8% at the open?

JetBlue Airways stock jumped after the airline said it now expects lower costs and a softer revenue decline this quarter. The carrier's shares ( JBLU) rose around 8% at the open, to top $6. JetBlue said it now sees revenue declining between 6.5% and 9.5% for the quarter ending June 30, compared with previous guidance for a decline of up to 10.5%.

Why are JetBlue (jblu) shares climbing?

JetBlue ( JBLU) shares are climbing after the airline lifted the bottom end of its second quarter revenue guidance, citing healthy travel demand. Yahoo Finance's Seana Smith and Madison Mills break down the latest earnings as the travel industry faces increased demand.

Does JetBlue expect a decline in revenue?

Additionally, JetBlue anticipates a 6.5% to 9.5% decline in revenue, compared with its prior outlook calling for a 6.5% to 10.5% drop. In terms of expenses, JetBlue now models 5% to 7% growth in cost per available seat mile, which is up from the previous forecast of 5.5% to 7.5% growth.