08:30 AM EDT, 04/23/2024 (MT Newswires) -- JetBlue Airways ( JBLU ) reported a Q1 adjusted net loss Tuesday of $0.43 per diluted share, widening from a loss of $0.34 a year earlier.

Analysts surveyed by Capital IQ expected a loss of $0.52.

Total operating revenue for the quarter ended March 31 was $2.21 billion, compared with $2.33 billion a year earlier. Analysts surveyed by Capital IQ expected $2.20 billion.

The airline operator expects Q2 revenue to decline 6.5% to 10.5% from a year earlier and expects full-year 2024 revenue to decline by low-single digits.

Shares of JetBlue ( JBLU ) were down more than 10% in recent premarket activity.