NASDAQ$JBLU
JetBlue Airways Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a net loss due to weather-related impacts and rising fuel prices, but focused on cost control and customer service.
JetBlue reported a net loss of $153 million for Q3 2023, impacted by weather and rising fuel prices, while system capacity increased by 7.1% year-over-year. The company is focused on cost savings and expanding transatlantic service to drive future growth.
- Net loss of $153 million, or $(0.46) per share, and an adjusted net loss of $129 million, or $(0.39) per share.
- System capacity increased 7.1% year-over-year.
- Operating revenue totaled $2.4 billion, a decrease of 8.2% year-over-year.
- Average fuel price was $2.94 per gallon, including hedges.
Headline financials
Revenue & EPS history
JetBlue · Revenue · Quarterly
$2.35B
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 anticipates healthy travel demand during peak periods and the fourth quarter holidays, but industry capacity is outpacing domestic demand during off peak travel periods.
Tailwinds
- ASM growth between 0.5% - 3.5%
- Fuel price per gallon between $3.05 - $3.20
- Focus on managing capacity and reducing schedules in off-peak periods.
- Structural cost program on track to deliver approximately $70 million in cost savings this year.
- Fleet modernization program expected to generate $55 million in cost savings by the end of this year.
Headwinds
- Revenue decrease between (10.5%) - (6.5%)
- CASM ex-Fuel increase between 8.5% - 10.5%
- Adjusted Loss per Share (EPS) between ($0.55) - ($0.35)
- Air traffic control and weather-related delays.
- Industry capacity outpacing domestic demand during off peak travel periods.
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 Q3 2023
-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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