earnings
confidence high
sentiment negative
materiality 0.70
JetBlue cuts Q1 capacity and capex guidance; fuel price outlook lowered
JETBLUE AIRWAYS CORP
- ASMs YoY guidance narrowed to -5.0% to -4.0% (prior -5.0% to -2.0%).
- Fuel price per gallon estimate reduced to $2.55-$2.65 from $2.65-$2.80.
- Capital expenditures trimmed to ~$215M from ~$270M; CASM ex-fuel unchanged.
- Weather disruptions and demand choppiness cited; targeted capacity cuts in March-April.
- JetForward strategy progress highlighted; no new quantitative targets provided.