08:05 AM EST, 12/04/2024 (MT Newswires) -- JetBlue Airways ( JBLU ) said Wednesday it now expects 2024 revenue to decrease by 4.5% to 3.5%, a more optimistic outlook than the 5% to 4% decline estimated previously.

The carrier also expects a smaller decrease in revenue for Q4 at 5% to 2%, compared with 7% to 3% previously, according to a regulatory filing.

Bookings were better than expected for both peak and off-peak travel periods in November and December, JetBlue ( JBLU ) said.

Additionally, non-fuel unit costs are expected to narrow to 7% to 7.5% this year, from the prior expectation of 7% to 8%, the airline said.

Fuel prices have also declined since the start of Q4, JetBlue ( JBLU ) said, guiding to $2.40 to $2.50 per gallon for the quarter compared with the previous outlook of $2.50 to $2.65.

JetBlue ( JBLU ) shares were 4.6% higher in recent premarket trading.