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JetBlue (JBLU) Stock Falls on Weak Q1 Unit Revenue

NEW YORK (TheStreet) -- Shares of JetBlue Airways (JBLU - Get Report) are down 2.55% to $19.85 on heavy trading volume on Tuesday afternoon after the Long Island City, NY-based airline carrier reported lower unit revenue for the 2016 first quarter before today's market open.

Passenger revenue per available seat mile fell 8% year over year, while operating revenue per available seat mile declined 7%.

Total revenue increased 6.1% to $1.62 billion for the quarter ended March 31, in line with estimates. Revenue growth was driven by a...