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JUL 08, 2014 - TheStreet

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Why JetBlue (JBLU) Stock Is Down Today

NEW YORK (TheStreet) -- JetBlue  fell along with other airline stocks on Tuesday after Air France reduced its full-year earnings outlook due to over-capacity. The Paris-based company, one of Europe's largest airlines, expects full-year earnings of $3 billion, down from the $3.4 billion it had previously forecast. Air France cited increasing competition on North American and Asian routes, lesser cargo demand and the fact that Venezuela is blocking repatriation of revenue for airlines. The stock was down 1.79% to $10.43 at 3:07 p.m. More than 9.6 million shares ... Read More

Tags: Why JetBlue (JBLU) Stock Is Down Today,  Air France Latest News