JetBlue stock plunges as much as 19% as profitability goal hits setback

JetBlue's stock sank as much as 19 per cent today after the airline cut its annual revenue forecast.

It's another setback in the company's attempts to get back to a black bottom line.

JetBlue Chief Financial Officer, Ursula Hurley, says profitability would mean free cash flow, which would allow the airline to pivot to paying down its debt.

Ms Hurley added that JetBlue was profitable in March but that it's challenging to tell whether the company will break even in the second half of the year.