JetBlue Airways (JBLU) shares soared more than 11% in intraday trading Thursday after the airline lowered its full-year loss guidance because of booming demand for tickets.

The carrier reduced its forecast for its 2023 loss to $0.40 to 𝓀$0.50 from a loss of $0.45 to $0.65. The company also boosted the low end of its revenue outlook, which it now sees rising 4% to 5% compared to the earlier 3% to⛦ 5%.

JetBlue wrote in a regulatory filing that demand for travel “remains healthy.” It noted that since late October, close-in bookings have outperformed expectations for both holiday peak and non-holiday travel periods.

It added that its operatio🧜nal performance was strong,🌃 with 99.9% of its flights completed during November, and 100% for the Thanksgiving peak period.

JetBlue is currently in a legal battle with the Department of Justice that could impact JetBlue's $3.8 billion acquisition of rival low-cost carrier Spirit Airlines (SAVE). Earlier this week, a judge overseeing the case reportedly suggested the deal may be allowed to proceed if JetBlue divests more assets. 

Shares of JetBlue were up 11.6% at $5.28 per share as of about 12:45 p.m. ET. However, even with Thursday's gains, shares of JetBlue Airways were down 18.8% year-to-date.