Jet Blue Airways Corp. cut its third-quarter capacity outlook after weather and air traffic control disruptions snarled operations in the northeastern US, sending shares lower as the carrier works on a financial turnaround. The New York-based airline expects available seat miles, a measure of capacity, to rise between 1.5% and 3.5% from a year earlier, down from its previous forecast for growth between 3% and 6%, according to a Thursday statement. The capacity reduction underscores ongoing operational challenges facing the airline as it navigates recovery efforts in a competitive market.

Analysts noted the revision reflects persistent headwinds affecting US carriers during the period. JetBlue's shares declined following the announcement, adding pressure to its restructuring initiatives aimed at restoring profitability.