JetBlue Airways Corp.’s stock tumbled 26% Tuesday, pulling back from an 18-month high, as investors focused on the air carrier’s weaker-than-expected guidance for a key revenue metric rather than on its upbeat fourth-quarter results.

The airline is in the middle of a plan to reduce costs by culling unprofitable routes and drumming up revenue with higher-priced seats.

JetBlue’s earnings results for the last quarter were better than analysts’ expectations to lose $0.29 per share. The company did miss its revenue target as year-over-year sales dropped by -2.1%. This marks five out of six quarters of declining revenue as JetBlue focuses on a balance sheet turnaround.

JetBlue said it was expecting a weaker first-quarter while executives said they believed the carrier’s turnaround plan would eventually deliver long-term profitability.

Shares of JetBlue tumbled Tuesday morning after the airline's downbeat outlook for the first quarter and upcoming fiscal year overshadowed a better fourth quarter than analysts had expected.

Shares of JetBlue Airways lost a quarter of their value after the company laid out tepid guidance for the first quarter, overshadowing solid results for the last three months of 2024. JetBlue is in th

JetBlue is looking to trim its pilot ranks with voluntary separations for some of the carrier’s more senior aviators.

The airline unveiled the lounge plans last year as part of its larger JetForward effort to boost operating profits by $800 to $900 million by 2027. New premium offerings, including the lounges, are estimated to bring in a roughly $400 million lift.

JetBlue announced a three-day winter sale on Tuesday, with one-way fares out of Boston for as low as $49. The deal, which ends Jan. 30, is valid for trips taken between Feb. 3 and April 9 and excludes Friday and Sunday travel.

"We're continually looking for ways to make it easier to book a JetBlue flight on our website and mobile app."

The latest promotion also comes as JetBlue rolled out the ability to pay for flights with Venmo, the popular peer-to-peer payment app. Venmo is now present as a payment option on JetBlue’s website, though it will also become available on the airline’s mobile app later this year.

Other airlines like Spirit and Frontier have also introduced similar premium bundles with benefits like guaranteed middle seats and early boarding. JetBlue's EvenMore premium ticket bundle is officially on sale and the revamped service will be fully implemented across the airline's network on Tuesday.