other material
confidence high
sentiment positive
materiality 0.65
JetBlue raises Q2 RASM guidance to 9-12% YoY, fuel price up to $4.26-$4.36/gal
JETBLUE AIRWAYS CORP
- RASM guidance raised to 9.0-12.0% YoY from 7.0-11.0%; ASM growth narrowed to 2.0-4.0%.
- Fuel price per gallon guided $4.26-$4.36 vs prior $4.13-$4.28; expects 40%+ cost recapture.
- Capex reduced to ~$225M from ~$275M; operational completion factor of 99.8%.
- Demand strong across cabins and geographies; Spirit routes outperforming after Spirit's shutdown.
- Effective tax rate ~6% for Q2 due to non-cash valuation allowance impact.