other material
confidence high
sentiment positive
materiality 0.65
JetBlue raises Q4 and FY 2023 guidance; revenue and adjusted EPS loss improve
JETBLUE AIRWAYS CORP
- Q4 revenue decline improved to 4-7% from prior 6.5-10.5%; demand healthy.
- Adjusted EPS loss narrowed to ($0.35)-($0.25) from ($0.55)-($0.35) previously.
- FY 2023 adjusted EPS loss now ($0.50)-($0.40) vs prior ($0.65)-($0.45).
- November operational performance: 99.9% completion factor; 100% during Thanksgiving.
- Capacity guidance tightened: Q4 ASM YoY 2-3% (prev 0.5-3.5%); FY 5.5-6.5% (prev 5-7%).