earnings
confidence high
sentiment neutral
materiality 0.70
JetBlue Q4 GAAP EPS $0.07, adj EPS $0.22; revenue record $2.4B; guides FY23 adj EPS $0.70-$1.00
JETBLUE AIRWAYS CORP
2022-FY EPS reported
-$1.12
revenue$9,158,000,000
- Q4 2022 GAAP net income $24M ($0.07 EPS); adjusted net income $72M ($0.22 EPS); operating revenue $2.4B (record).
- CASM ex-fuel increased 9.9% vs Q4 2019; capacity up 2.4% vs Q4 2019; fuel price $3.70/gallon.
- Q1 2023 outlook: revenue up 28%-32% YoY; CASM ex-fuel up 2%-4%; adjusted EPS loss ($0.45)-($0.35).
- FY 2023 outlook: adj EPS $0.70-$1.00, revenue high single-digit to low double-digit growth, capex ~$1.3B.
- Balance sheet: $1.6B unrestricted cash; adjusted debt to capital 52%; undrawn $600M revolver.