JetBlue Airways (JBLU) reported a third-quarter adjusted loss of $0.40 per share, which was narrower than the average analyst expectation of a $0.43 loss. Revenue for the quarter fell 1.8% year-over-year to $2.32 billion, aligning with consensus estimates. However, the company's net loss widened to $143 million from $60 million in the same period last year. Despite beating earnings estimates, the market reacted negatively, sending JBLU shares down by nearly 12%. The sell-off was attributed to a revised full-year forecast that failed to impress Wall Street. The airline updated its full-year guidance for available seat miles and costs. Management expressed optimism about improving demand and progress on its "JetForward" cost-saving initiatives, but this was not enough to satisfy investors.