JetBlue Airways Corporation (JBLU) reported a fourth-quarter 2024 loss (excluding 8 cents from non-recurring items) of 21 cents per share, narrower than the Zacks Consensus Estimate of a loss of 30 cents. Lower operating costs aided the bottom line. In the year-ago quarter, JBLU reported a loss of 19 cents per share.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Operating revenues of $2.28 billion beat the Zacks Consensus Estimate of $2.26 billion but decreased 2.1% year over year. P ...

Key TakeawaysJetBlue shares tumbled Tuesday morning as the airline's disappointing outlook overshadowed a solid fourth quarter.The airline narrowly surpassed revenue estimates and recorded a smaller net loss than expected for the fourth quarter.JetBlue's available seat miles are expected to be down in the first quarter, with costs per mile expected to grow at a faster rate than revenue per mile. Shares of JetBlue (JBLU) tumbled over 20% Tuesday morning after the airline's downbeat outlook for the first quar ...

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Financial Outlook - JetBlue Airways shares declined after the company provided a disappointing financial outlook, forecasting a cost increase of up to 10% this quarter compared to the first three months of 2024, excluding fuel costs [1] - The airline estimated that revenue could be as much as 0.5% lower to up to 3.5% higher this quarter compared to the same period last year [2] Competitive Landscape - Larger competitors, such as Delta and United, are projecting higher revenue growth, indicating stronger pricing power within the airline industry [2] Cost Management Strategies - JetBlue is implementing a plan to reduce costs by eliminating unprofitable routes and increasing revenue through higher-priced seats [2] - The company has also offered voluntary early retirement packages to senior pilots as part of its cost management efforts [2]

On Tuesday, JetBlue Airways Corporation JBLU reported an adjusted loss per share of 21 cents, beating the consensus loss of 31 cents, compared to a 19-cent loss reported a year ago.The air carrier reported operating revenue of $2.28 billion, down 2.1% year over year and beating the consensus of $2.25 billion. In the fourth quarter of 2024, capacity decreased by 5.1% year-over-year.Also Read: JetBlue Fined $2 Million For ‘Chronic Flight Delays': Delta, United Rank Among Most On-Time AirlinesFourth quarter ye ...

Financial Performance - Fourth quarter 2024 operating margin was 0.7% and adjusted operating margin improved by 2.4 points year-over-year to 0.8%[5] - Net loss for Q4 2024 was $44 million or $(0.13) per share, while the net loss excluding special items was $72 million or $(0.21) per share[5] - Total operating revenues for Q4 2024 were $2,277 million, a decrease of 2.1% compared to $2,325 million in Q4 2023[16] - Passenger revenue decreased by 3.1% to $2,100 million in Q4 2024 from $2,166 million in Q4 2023, while other revenue increased by 11.5% to $177 million[16] - The net loss for Q4 2024 was $44 million, a 57.5% improvement compared to a net loss of $104 million in Q4 2023[16] - Net loss for the twelve months ended December 31, 2024, was $795 million, compared to a net loss of $310 million in 2023[41] - Loss per share for Q4 2024 was $(0.13), an improvement from $(0.31) in Q4 2023[37] - EBIT for the twelve months ended December 31, 2024, was $(658) million, reflecting the company's operating performance[41] - Operating income excluding special items for Q4 2024 was $18 million, compared to a loss of $38 million in Q4 2023[35] - The adjusted pre-tax margin for the twelve months ended December 31, 2024, was (3.2)%, compared to (1.5)% in 2023[35] Revenue and Expenses - Achieved $395 million in revenue initiatives for 2024, exceeding the target by $95 million, contributing $90 million to EBIT from the JetForward program[5][3] - Operating revenue for Q4 2024 was $2.3 billion, down 2.1% year-over-year, with capacity decreasing by 5.1% year-over-year[5] - Operating expenses decreased by 5.5% to $2,260 million in Q4 2024 from $2,392 million in Q4 2023, primarily due to a 27.3% reduction in aircraft fuel costs[16] - Total operating expenses for Q4 2024 were $2,260 million, a decrease of 5.5% compared to $2,392 million in Q4 2023[29] - Operating expenses excluding fuel for Q4 2024 were $1,737 million, an increase of 5.3% from $1,650 million in Q4 2023[29] - Total operating expenses for the twelve months ended December 31, 2024, were $9,963 million, a slight increase of 1.2% from $9,845 million in 2023[29] Cash and Debt - JetBlue ended Q4 2024 with $3.9 billion in unrestricted cash and equivalents, excluding a $600 million undrawn revolving credit facility[8] - Cash and cash equivalents increased to $2,449 million as of December 31, 2024, up from $1,166 million a year earlier[20] - Total debt rose significantly to $8,539 million in Q4 2024 from $4,716 million in Q4 2023[20] Operational Metrics - Average fuel price in Q4 2024 was $2.47 per gallon, including hedges, with operating expense per available seat mile (CASM) decreasing by 0.4% year-over-year[8] - Average fuel cost per gallon decreased by 22.3% to $2.47 in Q4 2024 from $3.18 in Q4 2023[18] - Revenue passengers decreased by 2.8% to 9,942 thousand in Q4 2024 from 10,225 thousand in Q4 2023[18] - The load factor improved by 2.1 percentage points to 82.2% in Q4 2024 compared to 80.1% in Q4 2023[18] - The average number of operating aircraft increased by 1.5% to 288 in Q4 2024 compared to 284 in Q4 2023[18] Future Outlook - JetForward is on track to achieve an EBIT target of $800 million to $900 million by 2027[3] - Estimated first quarter 2025 available seat miles (ASMs) are expected to decrease by 5.0% to 2.0% year-over-year, while full year 2025 ASMs are projected to be approximately flat[7] - The company expects to achieve a positive operating margin in 2025 by building on the progress made in 2024 and continuing cost control efforts[7] - The company plans to introduce a domestic first-class cabin on all non-Mint aircraft starting in 2026[5]

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Cost-Cutting Measures - JetBlue Airways is offering early retirement packages to some of its pilots as part of cost-cutting efforts [1] - The company has opened voluntary separation bids, which will close on February 7 [1] - JetBlue is also implementing initiatives such as introducing new first-class seats to raise revenue [1] Early Retirement Package Details - Eligible pilots must be 59 years old on or before March 31 [3] - The federally-mandated retirement age for U S commercial airline pilots is 65 [3] - Pilots will be paid for 55 hours of their hourly pay rate until their mandatory retirement day or 18 months from the separation agreement, whichever is less [2] - An Airbus A320 captain with 12 years of experience would receive $416,293 02 [2] - An Embraer E190 captain with 8 years of experience would receive $160,858 91 [2] Operational Challenges - JetBlue is dealing with a Pratt & Whitney engine recall that has grounded some of its airplanes [1]

JetBlue Airways Corporation (JBLU) is scheduled to report fourth-quarter 2024 results on Jan. 28, 2025, before market open.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for JBLU’s soon-to-be-reported is currently pegged at a loss of 33 cents per share. The consensus mark is currently wider than a loss of 42 cents in the past 60 days.JetBlue has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing ...

The US Department of Transportation (DOT) announced on Friday a $2m fine against JetBlue for “operating multiple chronically delayed flights”. The agency said it was the first time it had fined an airline for chronic delays on specific routes, which it said was caused by “unrealistic” scheduling practices by JetBlue.“Illegal chronic flight delays make flying unreliable for travelers. Today’s action puts the entire airline industry on notice that we expect their flight schedules to reflect reality,” the tran ...