JetBlue Airways raises its full-year seat revenue growth forecast despite reporting a wider-than-expected quarterly loss.

JetBlue Airways' shares rallied after the carrier increased its full-year seat revenue growth forecast to 13.5%-14.5% from a previous 10%-12.5%. This updated outlook is based on strong fares and growth in Fort Lauderdale, even as the airline reported a wider-than-expected quarterly loss, primarily due to surging fuel prices. The company ended the third quarter with $2.2 billion in liquidity and approximately $7 billion in unencumbered assets.