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Dec 31, 2023
JetBlue Q4 2023 Earnings Report
JetBlue's fourth quarter revenue and costs surpassed expectations, with a focus on restoring profitability through new revenue and cost initiatives in 2024.
Key Takeaways
JetBlue reported a net loss of $104 million for Q4 2023, but revenue and costs beat expectations. The company is implementing $300 million in revenue initiatives to return to profitability. They also reached an agreement to defer ~$2.5 billion of planned aircraft capital expenditures.
Fourth quarter revenue and costs beat expectations.
Reached agreement to defer ~$2.5 billion of planned aircraft capital expenditures.
Focused on restoring profitability through new revenue and cost initiatives in 2024.
Delivered excellent operational performance in the fourth quarter with a completion factor of 99.8%, JetBlue’s best fourth quarter completion factor since 2004.
Revenue by Segment
Forward Guidance
JetBlue anticipates positive momentum in revenue growth for 2024, with strong demand during peak periods. The company plans to refine its network and product offering to better serve leisure customers and diversify revenues.
Positive Outlook
- Seeing positive momentum in our revenue growth.
- Demand during peak periods remains strong.
- Continue to manage our capacity during off-peak periods to reflect evolving demand trends.
- Plan to continue to refine our network
- Plan to refine our product offering to better serve our leisure customers while diversifying revenues with margin-accretive initiatives
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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