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 ...

JetBlue Airways’ (JBLU) first-quarter 2024 loss (excluding $1.68 from non-recurring items) of 43 cents per share was narrower than the Zacks Consensus Estimate of a loss of 53 cents. In the year-ago quarter, JBLU reported a loss of 34 cents.Operating revenues of $2.21 billion edged past the Zacks Consensus Estimate of $2.2 billion. However, the top line decreased 5.11% year over year.Passenger revenues, accounting for the bulk of the top line (93.03%), declined to $2.06 billion from $2.18 billion a year ago ...

Maintenance workers tend to a JetBlue Airbus A320 in a JFK hangar in March. (Photo by Charly ... [+] TRIBALLEAU /AFP via Getty ImagesAs a top transportation union seeks to organize JetBlue mechanics and dispatchers, it has won backing from 160 members of Congress, who have charged the carrier with interfering in the effort.“It has come to our attention that there have been instances of anti-organizing interference at JetBlue from management,” the Congressional Labor Caucus said Wednesday, in a letter to Jet ...

JetBlue is removing and scaling back routes as it tries to regain profitability.The air carrier on Tuesday (April 23) released earnings that showed the company reducing its revenue forecast for the year, as it exits some cities and reduces flights out of Los Angeles.“As we look to the full year, significant elevated capacity in our Latin [America] region, which represents a large portion of JetBlue’s network, will likely continue to pressure revenue and we expect a setback in our expectations for the full y ...

A JetBlue aircraft prepares to board passengers in Grenada in February 2022.. (Photo by Robert ... [+] Nickelsberg)Getty ImagesIn the first quarter, the airline industry’s excessive capacity expansion in Latin America leisure markets slightly wounded Delta and United. But it decimated JetBlue results.Excluding one-time items, JetBlue reported a first quarter loss of $145 million or 43 cents a share, as revenue declined 5.1% to $2.21 billion. In the same quarter a year earlier, the net loss was $111 million. ...

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JetBlue Airways Corporation (NASDAQ:JBLU) Q1 2024 Earnings Conference Call April 23, 2024 10:00 AM ET Company Participants Koosh Patel - Director, Investor Relations Joanna Geraghty - Chief Executive Officer Marty St. George - President Ursula Hurley - Chief Financial Officer Dave Clark - Head of Financial Planning & Analysis, Investor Relations & Strategy Conference Call Participants Dan McKenzie - Seaport Global Jamie Baker - JPMorgan Mike Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore ISI Savi S ...