secwatch.observer — SEC 8-K summary
======================================

Issuer:     JETBLUE AIRWAYS CORP (JBLU)
CIK:        0001158463
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001158463-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1158463/000115846324000012/0001158463-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1158463/000115846324000012/jblu-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001158463-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer