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JetSMART Expects 14% Capacity Growth as Fuel Prices Curb Expansion

CEO Estuardo Ortiz said the South American budget airline expects capacity to grow about 14% this year, below earlier plans, as high fuel prices prompt more cautious expansion.

By Kylie MadryJetSMART expects capacity to grow about 14% this year, below earlier plans, as high fuel prices push the South American budget airline to expand more cautiously, Chief Executive Estuardo Ortiz told Reuters on Tuesday.Ortiz, speaking in an interview on the sidelines of a Latin American…