JetBlue Q4 net loss $104M, revenue down 3.7% YoY; defers $2.5B capex

JETBLUE AIRWAYS CORP

2023-FY EPS reported -$0.93 revenue$9,615,000,000

GAAP net loss $104M ($0.31/share); adjusted net loss $63M ($0.19/share).
Operating revenue $2.3B, down 3.7% YoY; capacity up 3.3% YoY.
Deferred ~$2.5B aircraft capex from 2024-2027 to later years.
Q1 2024 guidance: ASM -6% to -3% YoY, revenue -9% to -5% YoY, CASM ex-fuel +9-11%.
FY2024 capacity down low single digits; adjusted operating margin approaching breakeven.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JETBLUE AIRWAYS CORP reported fourth quarter ended December 31, 2023 results: revenue $2.3 billion, net income Net loss of $104 million, EPS (0.31) per share.

Period: fourth quarter ended December 31, 2023
Revenue: $2.3 billion
Net income: Net loss of $104 million
EPS: (0.31) per share
Result: reported results

Exact text from the filing

net loss for the fourth quarter of 2023 of $63 million (1) or $(0.19) per share. • Fourth quarter of 2023 capacity increased by 3.3% year-over-year. • Operating revenue of $2.3 billion for the fourth quarter of 2023, down 3.7% year-over-year. • Operating expense per available seat mile ("CASM") for the fourth quarter of 2023 decreased 2.4% year-over-year. •

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Source: SEC EDGAR

accession 0001158463-24-000004

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