JetBlue reports loss as costs rise

JetBlue Airways lost money in the second quarter as costs rose, but the airline said it is turning a corner and expects to turn profitable in the third quarter.

JetBlue faced operational stumbling blocks in the spring and made sharp cuts to its flight plans to get the issues under control. The airline said the efforts paid off, lowering the cancellation rate, but such cuts also hurt revenue-generating opportunities.

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