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JetBlue (JBLU) Stock Slumps on Weak April Unit Revenue

NEW YORK (TheStreet) -- JetBlue Airways (JBLU - Get Report) stock is falling 3.78% to $18.34 in late morning trading on Thursday after the Long Island City, NY-based airline carrier reported a steep decline in preliminary unit revenue for April.

Revenue per available seat mile dropped 12.5% year over year last month after falling 7% for the first three months of the year.

April traffic, or revenue passenger miles, was up 8.6% on a capacity growth of 10.8%. Capacity is also known as available seat miles.

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