Loading...
•
Dec 31, 2019
JetBlue Q4 2019 Earnings Report
JetBlue reported earnings for the fourth quarter of 2019.
Key Takeaways
JetBlue's fourth quarter 2019 earnings showed an increase in diluted earnings per share to $0.56, compared to $0.55 in Q4 2018. The company's GAAP pre-tax income also rose to $220 million, up from $201 million in the same quarter of the previous year. However, RASM decreased by 2.7% year over year, while CASM ex-fuel was flat.
Diluted earnings per share increased to $0.56, compared to $0.55 in Q4 2018.
GAAP pre-tax income increased to $220 million, up from $201 million in Q4 2018.
Pre-tax margin increased by 0.6 percentage points to 10.8% from 10.2% in Q4 2018.
RASM decreased 2.7% year over year.
JetBlue
JetBlue
JetBlue Revenue by Segment
Revenue by Segment
Passenger Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
JetBlue expects earnings per share to range between $0.10 and $0.20 in the first quarter 2020. For the full year, JetBlue expects earnings per share to range between $2.50 and $3.00. Capacity is expected to increase between 1.5% and 3.5% year over year in the first quarter 2020. For the full year 2020, JetBlue expects capacity to increase between 5.5% and 7.5%.
Positive Outlook
- Strong sequential improvement in RASM in both domestic and Latin markets
- Capacity actions
- Revenue initiatives
- Easier comps
- Lower scheduled growth
Challenges Ahead
- Earnings per share is expected to range between $0.10 and $0.20 in the first quarter 2020.
- RASM growth is expected to range between 0.0% and 3.0% for the first quarter 2020 compared to the same period in 2019.
- CASM ex-fuel is expected to increase between 1.5% and 3.5% for the first quarter of 2020.
- First quarter guidance of 0 to 3 percent includes a headwind of approximately one half point to our system RASM, due to earthquakes in Puerto Rico.
- Our first quarter 2020 growth is unusually low
Revenue & Expenses
Visualization of income flow from segment revenue to net income