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Jun 30, 2023
JetBlue Q2 2023 Earnings Report
Delivered record quarterly revenues and continued cost execution.
Key Takeaways
JetBlue reported a net income of $138 million, or $0.41 per share, for the second quarter of 2023. The results were underpinned by record quarterly revenues and strong operational performance.
Reported adjusted earnings per share for the second quarter of 2023 at the high end of guidance reflecting continued execution on commercial initiatives, operational planning and cost discipline.
Realized over half of the $75 million in expected savings from our fleet modernization program to-date.
Began daily service between New York's John F. Kennedy International Airport and Paris Charles de Gaulle, expanding JetBlue's transatlantic service.
Launched new TrueBlue® loyalty program offering new perks and options to customers, which to-date has generated exceptional growth and engagement, particularly from Mosaic customers.
JetBlue
JetBlue
Forward Guidance
Updating full-year earnings outlook to reflect near-term headwinds related to the termination of the NEA, a challenging operating environment in the northeast and a greater than expected shift of pent-up COVID demand to long-haul international markets which is pressuring demand for domestic travel during the peak summer travel period.