---
schema_version: "secwatch.filing_event.v1"
accession: "0001158463-24-000012"
form_type: "8-K"
ticker: "JBLU"
cik: "0001158463"
company_name: "JETBLUE AIRWAYS CORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:24:58.215712+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# JetBlue Q1 net loss $716M, revenue down 5.1%; Q2 revenue guidance -10.5% to -6.5%

## Summary
- GAAP net loss $716M ($2.11/sh); adjusted net loss $145M ($0.43/sh).
- Revenue $2.2B, down 5.1% YoY; capacity down 2.7% YoY.
- Q2 revenue guidance down 10.5%-6.5% YoY, CASM ex-fuel up 5.5%-7.5%.
- Structural cost savings $100M to-date; target $175-200M by year-end.
- Changed engine compensation accounting; benefits now reduce aircraft assets, not Opex.

## SEC filing metadata
- accession: 0001158463-24-000012
- form_type: 8-K
- ticker: JBLU
- cik: 0001158463
- company_name: JETBLUE AIRWAYS CORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1158463/000115846324000012/0001158463-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1158463/000115846324000012/jblu-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001158463-24-000012
- JSON: https://secwatch.observer/filing/0001158463-24-000012.json
- Plain text: https://secwatch.observer/filing/0001158463-24-000012.txt

## Key facts
- Earnings Releases
  JETBLUE AIRWAYS CORP reported the first quarter ended March 31, 2024 results: revenue $2.2 billion, net income $716 million, EPS $2.11 loss per share. Guidance lowered.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $2.2 billion
  - Net income: $716 million
  - EPS: $2.11 loss per share
  - Guidance: lowered
  - Result: reported results
  source text: net loss for the first quarter of 2024 of $145 million (1) or $0.43 loss per share. • First quarter of 2024 capacity decreased by 2.7% year-over-year. • Operating revenue of $2.2 billion for the first quarter of 2024, down 5.1% year-over-year. • Operating expense for the first quarter of 2024 increased by 14.0% year-over-year to $2.9 billion. • Operating expense
  evidence_url: https://www.sec.gov/Archives/edgar/data/1158463/000115846324000012/0001158463-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.