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 NEW YORK (AP) - JetBlue Airways Corp. said Wednesday it expects a wider first-quarter loss and lower full-year profit, as it absorbs the effect of more than 1,000 cancellations caused by last week's winter blast in the Northeast.
But shares of the low-cost carrier, which has battled withering criticism since operations melted down at its New York hub, still rose after Merrill Lynch said the stock had been oversold and recommended buying it.
JetBlue said it's now looking for first-quarter pretax margins of between negative 8 percent and negative 10 percent. It previously predicted pretax margins of negative 2 percent to negative 4 percent.
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