earnings
confidence high
sentiment neutral
materiality 0.70
JetBlue updates Q1 guidance: higher revenue outlook but cuts capacity, costs rise
JETBLUE AIRWAYS CORP
- RASM YoY guidance raised to 5.0%-7.0% from 0.0%-4.0% on improved demand.
- Capacity (ASMs) YoY guided to decline 2.0%-1.0%, versus prior growth of 0.5%-3.5%.
- CASM ex-fuel YoY raised to 6.5%-7.5% from 3.5%-5.5% due to winter weather disruptions.
- Fuel price per gallon forecast raised to $3.01-$3.06 from $2.27-$2.42.
- Winter storms reduced Q1 capacity by ~3.5pts and increased CASM ex-fuel similarly.