Hurricanes cut into JetBlue profit for 3Q and 4Q

Markets Associated Press

JetBlue Airways says hurricanes will cost the airline more than $100 million in lost revenue and cut into profits for the third and fourth quarters.

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JetBlue said Wednesday that the storms cut revenue by $44 million in the third quarter and between $70 million and $90 million in the fourth quarter.

The airline says hurricanes Irma and Maria cut third-quarter operating income by $30 million to $35 million, or 6 to 7 cents per share, and will reduce fourth-quarter income by $50 million to $70 million, or 10 to 13 cents per share.

The airline flies to many destinations in Florida and the Caribbean, where several airports were closed due to storm damage.

JetBlue shares rose 37 cents to $20.60 in morning trading.