NASDAQ$JBLU
JetBlue Airways Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
JetBlue's financial performance exceeded expectations due to progress on revenue and cost initiatives.
JetBlue reported a net loss of $716 million, or $2.11 loss per share, for the first quarter of 2024. However, adjusted net loss, excluding special items, was $145 million, or $0.43 loss per share. The company's revenue was $2.2 billion, a 5.1% decrease year-over-year. JetBlue is focused on executing its refreshed standalone strategy to return to profitability.
- Operation performed above plan due to improved reliability.
- Significant elevated capacity in the Latin region is expected to pressure revenue.
- Announced significant network changes to reallocate unprofitable flying to proven leisure markets.
- Implemented new fixed cost savings initiatives and rationalized real estate footprint.
Headline financials
Revenue & EPS history
JetBlue · Revenue · Quarterly
$2.21B
Revenue by segment
JetBlue · $1.74B total across 2 segments · Q1 2022
- Passenger$1.6B+139.3%92.3%
- Other$133M+111.1%7.7%
Forward guidance
JetBlue expects elevated capacity in the Latin region to impact revenue performance in Q2. The remainder of the network is steadily improving, and the company plans to launch additional revenue initiatives. JetBlue remains committed to winning in high-margin, core geographies and returning to profitability.
Tailwinds
- Network steadily improving outside of Latin region.
- Plans to launch additional revenue initiatives.
- Committed to winning in high-margin, core geographies.
- Focus on controllable cost execution.
- Structural cost program and fleet modernization on track.
Headwinds
- Elevated capacity in the Latin region expected to impact revenue performance.
- Fuel continues to remain volatile.
- Unique and dynamic challenges in the industry.
- Revenue Year-Over-Year (10.5%) - (6.5%)
- Available Seat Miles ("ASMs") Year-Over-Year(5.0%) - (2.0%)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-2.3%
Avg return
Earnings day
-2.7%
Avg return
5 days after
+1.8%
Avg return
30 days after
40%
27 / 68 earnings
Positive
+13.3%
Q1 2020
Best reaction
-25.7%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | -1.6% | +8.7% | |
| Q4 2025 | -6.1% | -4.1% | +14.2% | |
| Q3 2025 | -12.3% | -11.0% | -4.2% | |
| Q1 2025 | +2.7% | +17.0% | +24.3% | |
| Q4 2024 | -25.7% | -18.7% | -19.7% | |
| Q3 2024 | -23.1% | -21.2% | -18.6% | |
| Q2 2024 | +8.1% | -6.2% | -15.9% | |
| Q1 2024 | -21.3% | -23.0% | -25.4% | |
| Q4 2023 | -3.5% | +4.4% | +17.8% | |
| Q3 2023 | -12.1% | +4.5% | +5.2% | |
| Q2 2023 | -11.2% | -14.0% | -23.8% | |
| Q1 2023 | +0.9% | +4.7% | +0.1% | |
| Q4 2022 | -5.2% | -4.9% | -3.1% | |
| Q3 2022 | -1.1% | +2.9% | +5.2% | |
| Q2 2022 | +0.0% | +1.0% | -10.4% | |
| Q1 2022 | -14.0% | -15.7% | -18.8% | |
| Q4 2021 | +2.9% | +10.1% | +14.9% | |
| Q3 2021 | -4.4% | -4.8% | -1.9% | |
| Q2 2021 | -4.7% | -8.0% | -5.6% | |
| Q1 2021 | -2.7% | -1.0% | -0.1% | |
| Q4 2020 | -2.3% | -1.7% | +25.5% | |
| Q3 2020 | -11.5% | -4.7% | +26.0% | |
| Q2 2020 | -2.7% | +1.1% | +13.4% | |
| Q1 2020 | +13.3% | +0.5% | +70.7% | |
| Q4 2019 | +4.3% | +2.4% | +4.1% | |
| Q3 2019 | +7.8% | +7.1% | +6.3% | |
| Q2 2019 | +3.2% | +2.2% | -5.0% | |
| Q1 2019 | +8.1% | +7.7% | +4.5% | |
| Q4 2018 | +2.7% | +5.1% | -0.1% | |
| Q3 2018 | -4.5% | -1.8% | +8.9% | |
| Q2 2018 | -13.1% | -8.9% | -4.6% | |
| Q1 2018 | -3.7% | -3.2% | -4.4% | |
| Q4 2017 | -7.0% | -6.3% | -3.3% | |
| Q3 2017 | -0.8% | -2.5% | +0.1% | |
| Q2 2017 | -3.0% | -3.1% | -15.0% | |
| Q1 2017 | +2.3% | +0.4% | +4.9% | |
| Q4 2016 | -9.7% | -9.9% | -10.1% | |
| Q3 2016 | -6.4% | -7.9% | +11.9% | |
| Q2 2016 | +7.4% | +6.1% | -7.3% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | -6.0% | — | — | |
| Q2 2015 | +2.6% | — | — | |
| Q1 2015 | +5.2% | — | — | |
| Q4 2014 | +6.5% | — | — | |
| Q3 2014 | -2.0% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | -7.8% | — | — | |
| Q4 2013 | +2.8% | — | — | |
| Q3 2013 | -4.2% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | -3.6% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | +3.5% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q3 2009 | +1.0% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q2 2009 | -1.9% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q1 2010 | -0.9% | — | — |
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