JetBlue sees 'bigger than expected' demand for leisure travel from mid Feb-2021

JetBlue Airways president and COO Joanna Geraghty stated (27-Apr-2021) the carrier saw a "bigger than expected" step up in demand for leisure travel beginning in mid Feb-2021. Ms Geraghty said the carrier's planning assumption for 2Q2021 is a revenue decline of between 30% and 35% year-over-two, the largest sequential improvement since the start of the pandemic. She added JetBlue expects unit revenue to "significantly improve, driven by both increasing load factors and improving yields". The planning assumption for 2Q2021 is for capacity to decline by approximately 15% year over two, given the "strong" sequential improvement in demand. [more - original PR]