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Sep 30, 2024
JetBlue Q3 2024 Earnings Report
Exceeded third quarter expectations and was on track to hit full-year targets, progressing on roll-out and execution of JetForward strategy.
Key Takeaways
JetBlue Airways Corporation reported its financial results for the third quarter of 2024, meeting or exceeding all financial targets and progressing on the implementation of the JetForward strategy. The company saw a double digit increase in customer satisfaction year-over-year and a positive year-over-year unit revenue performance.
Improved adjusted operating margin by ~five points year-over-year to (0.4)%.
Delivered improved operational performance with a completion factor of ~98%, up from ~96% in 3Q23.
Third quarter year-over-year unit revenue increased by 4.3%, underpinned by healthy demand in peak periods, improved close-in bookings, competitive capacity moderation in the Latin region and self-help capacity measures.
Ended the quarter with ~$4.1 billion in liquidity, excluding our undrawn $600 million revolving credit facility.
Revenue by Segment
Forward Guidance
JetBlue expects unit revenue growth to remain positive and sequentially consistent when adjusting for the CrowdStrike benefit in the third quarter and the negative impacts of Hurricane Milton and the election in the fourth quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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