earnings
confidence high
sentiment negative
materiality 0.85
JetBlue Q2 net income $138M; Q3 revenue guidance down 4%-8% YoY, adjusted EPS loss up to $0.20
JETBLUE AIRWAYS CORP
2023-Q2 EPS reported
-$0.16
revenue$4,937,000,000
- Q2 GAAP net income $138M ($0.41 EPS); adjusted net income $152M ($0.45 EPS).
- Q2 revenue $2.6B (+6.7% YoY), a record quarter; capacity +5.8% YoY.
- Q3 guidance: revenue -8% to -4% YoY; adjusted EPS ($0.20)-$0.00; fuel $2.75-$2.90/gal.
- Full-year 2023 adjusted EPS outlook cut to $0.05-$0.40; NEA terminated; Spirit transaction ongoing.
- Fleet modernization yielded >50% of $75M savings; pilot contract adds ~3 pts to CASM ex-fuel.