BUZZ - JetBlue Airways raises fiscal year seat revenue forecast, shares surge

October 27 - ** Shares of US-based low-cost airline JetBlue Airways JBLU.O rose 5.91% pre-market to $2.51

** The company (link) raised its full-year revenue per available seat growth forecast from the previous 10%-12.5% to 13.5%-14.5%; despite a sharp rise in fuel costs, it expects profit margins to further expand in the fourth quarter

** JBLU attributes this to higher ticket prices and an increase in the number of flights departing from Fort Lauderdale, Florida

** The company reported an adjusted loss of $0.60 per share in the third quarter, compared with a $0.40 loss per share in the same period last year

** TD Cowen said whether positive operating profit is achieved in 2027 and profitability is reached in 2028 will depend on fuel costs, as current futures prices show oil prices will be higher than the company's $3 per gallon assumption for 2028

** Of the 18 brokers, 13 have a "hold" rating, and 5 have a "sell" or lower rating; the median target price is $4 — data compiled by LSEG

** As of the close of the previous trading day, JBLU shares had fallen nearly 48% year-to-date; Monday's closing price was $2.37, a record low close

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