JetBlue Airways’ 3Q2014 results dampened by excess capacity in the Caribbean and Latin America

Competitive pressure in JetBlue's Latin American and Caribbean markets has led to a revision of the airline's ROIC targets for 2014, which will result in the second consecutive year that the company has missed its stated goals in that metric.

The airline is taking the long view with respect to the industry capacity additions in its international markets that have historically been a point of strength in JetBlue's network, and believes Latin American and the Caribbean remain key to its network diversification strategy.

On a broader scale, JetBlue faces the same challenges going forward that it has encountered for the better part of a year - making investments that seem to take longer to generate returns than investors would prefer. Even as the airline prepares for an executive leadership change, investor impatience remains strong.