LOS ANGELES, CA - JANUARY 24: JetBlue Airlines Airbus A321-271NX takes off from Los Angeles ... [+] International Airport on January 24, 2025 in Los Angeles, California. (Photo by AaronP/Bauer-Griffin/GC Images)GC Images JetBlue (NASDAQ: JBLU) recently reported its Q4 results, with revenues meeting and earnings exceeding the street estimates. The company reported operating revenue of $2.28 billion and an adjusted loss of $0.21 per share, compared to the consensus estimates of $2.25 billion in sales and a lo ...

Shares of JetBlue Airways (JBLU -25.71%) fell Tuesday. The stock lost 25.7% as of market close but was down as much as 28.9% earlier in the day. The move down comes as the S&P 500 and Nasdaq composite gained 0.9% and 2%, respectively.JetBlue reported earnings Tuesday morning. Despite exceeding expectations, the company reported weak guidance, disappointing investors.Less-than-stellar quarterThe budget airline reported sales of $2.27 billion for the fourth quarter of 2024, losing $0.21 a share. The loss was ...

JetBlue Airways Corporation (NASDAQ:JBLU) Q4 2024 Earnings Conference Call January 28, 2025 10:00 AM ET Company Participants Koosh Patel - Director of Investor Relations Joanna Geraghty - Chief Executive Officer Marty St. George - President Ursula Hurley - Chief Financial Officer Conference Call Participants Jamie Baker - JPMorgan Daniel McKenzie - Seaport Global Duane Pfennigwerth - Evercore ISI Thomas Fitzgerald - TD Cowen Scott Group - Wolfe Research Michael Linenberg - Deutsche Bank Catherine O'Brien - ...

4Q24 Earnings Presentation Joanna Geraghty Chief Executive Officer 3 2024 Year in Review Welcomed a new leadership team focused on ensuring a return to sustained profitability Formally announced JetForward to support earnings expansion through four priority moves January 28, 2025 1 Safe Harbor This Presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. We intend such forward-looking statements to be covered by the safe harbor ...

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 ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

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]