BUZZ-JetBlue rises on improved Q2 revenue forecast

** Shares of U.S. carrier JetBlue JBLU.O rise 2.9% to $5.75 premarket

** Co says it sees its rev. to fall 9.5% - 6.5% YOY in Q2, from 10.5% - 6.5% expected previously

** Carrier also sees lower fuel price per gallon of $2.85 - $2.95 for the quarter, from $2.98 - $3.13 expected earlier

** "Better operational performance is driving solid cost execution in the second quarter and is further supported by recent trends in jet fuel prices, which have declined over the quarter," it said

** 2 of 16 brokerages rate the stock "buy", 10 "hold" and 4 "sell" or lower; their median PT is $6 - LSEG

** YTD, JBLU up 0.7%

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.parmar@thomsonreuters.com))