earnings
confidence high
sentiment positive
materiality 0.75
JetBlue Q2 net income $25M, exceeds guidance; launches JetForward plan targeting $800-900M EBIT by 2027
JETBLUE AIRWAYS CORP
2024-Q2 EPS reported
-$2.02
revenue$4,637,000,000
- Q2 GAAP net income $25M ($0.07 EPS); adjusted net income $26M ($0.08 EPS).
- Revenue $2.4B, down 6.9% YoY; capacity down 2.7% YoY; CASM ex-fuel up 3.7%.
- Launched JetForward strategy targeting $800-900M incremental EBIT from 2025-2027.
- Deferred ~$3B capex through 2029; structural cost savings target $175M by 2027.
- Q3 guidance: revenue down 5.5-1.5% YoY, CASM ex-fuel up 6-8%.