JetBlue Investors Flee After New RASM Data, LatAm Struggles

JetBlue Airways Corporation (NASDAQ: JBLU) is down more than 7 percent on the day at $20.34, following an SEC 8-K form filing.

According to the 8-K from Tuesday, JetBlue's revenue took a hit in February.

"This report is filed to provide an update regarding revenue trends in the first quarter of 2016," the filing began, "JetBlue's preliminary revenue per available seat mile (RASM) for the month of February is estimated to have decreased between 10 percent and 10.5 percent year-over-year on capacity growth of about 19.6 percent."

Related Link: Airline February Traffic Data: What To Know

The filing elaborated, highlighting a continued decrease for Q1 2016, "RASM is expected to decrease between 7 and 8 percent year over year. Though load factors remain solid, yields are lower."

Latin American pressure, which exceeded that of U.S. domestic pressure, also influenced the lower numbers.

Finally, the filing included the following factors that likely also weighed on the issue: "tougher comparisons with storms increasing February unit revenue by 2.5 percent last year and capacity additions by JetBlue and competitors."