Shares of JetBlue Airways Corp. rose 1% in premarket trade Tuesday, after the air carrier raised its fourth-quarter unit revenue outlook as the negative impact from hurricanes is now less than expected. JetBlue raised its guidance range for revenue per available seat mile (RASM) growth to -0.5 to +1.5 from a previous range of -3.0 to 0.0. The company said the negative impact from recent hurricanes, notably Irma and Maria, is now estimated to be 50 basis points (0.50 percentage points) for the quarter, compared with a prior forecast of one-to-two percentage points. Separately, JetBlue said November load factor fell to 84.2% from 85.4% a year ago, as a 4.3% increase in capacity outpaced the 2.8% rise in traffic. The stock has lost 1.0% year to date through Monday, while the NYSE Arca Airline Index has rallied 4.3% and the S&P 500 has climbed 19%.
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