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Dec 31, 2020
JetBlue Q4 2020 Earnings Report
Reported a GAAP loss per share of ($1.34) and revenue declined 67% year over year due to the impact of COVID-19.
Key Takeaways
JetBlue reported a GAAP loss per share of ($1.34) for Q4 2020, compared to a diluted earnings per share of $0.56 in Q4 2019. Revenue declined 67% year over year due to the impact of COVID-19, but this was better than prior expectations. The airline ended the quarter with approximately $3.1 billion in unrestricted cash, cash equivalents, and short-term investments.
Reported GAAP loss per share of ($1.34) in the fourth quarter of 2020 compared to a diluted earnings per share of $0.56 in the fourth quarter of 2019.
Fourth quarter 2020 revenue declined 67% year over year as a result of the impact of COVID-19.
Reduced fourth quarter 2020 capacity by 47% year over year.
JetBlue ended the fourth quarter of 2020 with approximately $3.1 billion in unrestricted cash, cash equivalents, and short-term investments.
JetBlue
JetBlue
Forward Guidance
For the first quarter of 2021, JetBlue's planning assumption for revenue is a decline of between (65) and (70)% year over two. They estimate their EBITDA in the first quarter will range between negative $525 and $625 million.