JetBlue Airways Corporation (JBLU) is scheduled to report second-quarter 2024 results on Jul 30 before market open.JetBlue Airways has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 4.77%.The Zacks Consensus Estimate for JBLU’s soon-to-be-reported quarter’s loss is currently pegged at 16 cents per share, narrower than the loss of 26 cents per share 60 days ago.The Zacks Consensus Estimate for ...

Core Viewpoint - JetBlue Airways is anticipated to report a year-over-year decline in earnings due to lower revenues, with a consensus estimate of a quarterly loss of $0.16 per share, reflecting a -135.6% change from the previous year [1][2] Financial Performance Expectations - Revenues for JetBlue are expected to be $2.4 billion, which is an 8.2% decrease compared to the same quarter last year [2] - The consensus EPS estimate has been revised 7.99% higher in the last 30 days, indicating a reassessment by analysts [2] Earnings Surprise Prediction - The Zacks Earnings ESP for JetBlue is +22.96%, suggesting a higher Most Accurate Estimate compared to the Zacks Consensus Estimate, indicating bullish sentiment among analysts [5] - JetBlue holds a Zacks Rank of 3, which indicates a hold rating [5][6] Historical Performance - In the last reported quarter, JetBlue was expected to post a loss of $0.53 per share but actually reported a loss of $0.43, resulting in a positive surprise of +18.87% [7] - Over the past four quarters, JetBlue has beaten consensus EPS estimates three times [7] Industry Context - Hawaiian Holdings, another player in the airline industry, is expected to report a loss of $1.27 per share, indicating a year-over-year change of -170.2%, with revenues projected at $749.3 million, up 6% from the previous year [9] - Hawaiian Holdings has a negative Earnings ESP of -15.75% and a Zacks Rank of 3, making it difficult to predict an earnings beat [9]

Company Overview - JetBlue Airways (JBLU) shares have increased by 15% over the past six months, outperforming the industry growth of 10.2% and the S&P 500's rise of 17.2% during the same period [1] - The airline currently has a market capitalization of $1.99 billion [1] Financial Performance - JetBlue has shown strong passenger volumes due to high air travel demand, contributing to its growth [1] - The company has a Zacks Rank of 3 (Hold) and has beaten earnings estimates in three of the last four quarters, with an average beat of 4.77% [1] Future Outlook - Management expects a decline in second-quarter revenues for 2024 to be between 6.5% and 9.5% year-over-year, an improvement from previous guidance [2] - Capacity is anticipated to decline in the 2-4% range, better than the prior forecast of 2-5% [2] - Non-fuel unit costs are expected to increase by 5-7%, down from a previous expectation of 5.5-7.5% [2] - Average fuel cost per gallon is projected to be between $2.85 and $2.95, improved from the earlier range of $2.98 to $3.13 [2] Cost Management - The company aims to save $75 million through its fleet modernization program by the end of 2024 [3] - JetBlue is actively working to reduce its debt load [3] - High labor costs remain a significant challenge, with expectations for non-fuel unit costs to increase in the mid-to-high single-digit range from 2023 actuals [3] Investment Considerations - Investors in the transportation sector may also consider SkyWest (SKYW) and Kirby Corporation (KEX) as potential investment opportunities [4] - SkyWest has a Zacks Rank of 1 (Strong Buy) with an expected earnings growth rate of 787% for the current year [5] - Kirby Corporation holds a Zacks Rank of 2 (Buy) with an expected earnings growth rate of 42.5% for the current year [5]

JetBlue Airways Corporation (JBLU) is forging ahead to strengthen itsfoothold in Mexico. To this end, JBLU has officially launched a service between New York’s John F. Kennedy International Airport (JFK) and Tulum’s Felipe Carrillo Puerto Tulum International Airport (TQO).JetBlue's new daily nonstop service from New York JFK to Tulum marks JetBlue’s third destination in Mexico, apart from Cancun and Los Cabos. The newly launched Tulum route will be served using JBLU’s Airbus A320 aircraft.JBLU had started i ...

JetBlue Airways’ (JBLU) efforts to upgrade its fleet are commendable. However, JBLU is grappling with major headwinds like high operating expenses, which are adversely impacting its bottom line.Factors Favoring JBLUJetBlue's fleet modernization is impressive, marked by the introduction of the Airbus A321neo and the launch of transatlantic service to London. Its success is further highlighted by the expansion of the Mint service from Newark, with $75 million in savings expected by 2024.JBLU’s commitment to r ...

A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Spirit Airlines CEO Ted Christie said Friday that the budget airline isn't considering a chapter 11 bankruptcy filing and is "encouraged" by its plan after a failed takeover by JetBlue Airways.Spirit has been struggling with shifting travel demand, increased U.S. competition and a Pratt & Whitney engine recall that grounded dozens of its Airbus planes. ...

JetBlue Airways Corporation (JBLU) has provided updated guidance for the second quarter of 2024.JBLU now anticipates its second-quarter revenues to decline between 6.5% and 9.5% year over year, which marks an improvement from the previous guidance of a 6.5% to 10.5% decline.Capacity or Available Seat Miles (ASMs) is now anticipated to decline in the 2-4% range. This marks an improvement over the prior forecast to decline in the 2-5% band.Further, the company has lowered its CASM, excluding fuel and special ...

In a customer-friendly move, JetBlue Airways (JBLU) recently announced plans to expand its network in Puerto Rico. The low-cost carrier also revealed plans to introduce the highly popular Mint service — JBLU’s take on premium travel — to three cities. As part of its expansion move, it also intends to start flying to three more Caribbean destinations.Let’s delve deeper.To boost its presence in Puerto Rico, management announced that from October, it will add flights to six new destinations from its capital ci ...

Travel demand remains strong, but cracks are showing at certain carriers.In the recently completed first quarter, travel demand held up surprisingly well, countering investor fears that rising inflation and energy prices would eat into big-ticket purchases like airfares. But cracks are forming in individual names.Shares of Frontier Group Holdings (ULCC -3.31%) fell 25.5% in April, according to data provided by S&P Global Market Intelligence, and shares of Southwest Airlines (LUV 0.62%) and JetBlue Airways ( ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to__________ Commission File Number: 000-49728 etBlue JETBLUE AIRWAYS CORPORATION (Exact name of registrant as specified in its charter) Del ...