NASDAQ$JBLU

JetBlue Airways Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Achieved fourth quarter operating margin of 0.7% and adjusted operating margin of 0.8%, delivering $395 million of 2024 revenue initiatives, exceeding the target by $95 million. JetForward is on track, contributing $90 million to EBIT in 2024 and helping to drive a positive adjusted operating margin outlook in 2025.

JetBlue reported a net loss of $44 million for the fourth quarter of 2024, with operating revenue of $2.3 billion, a 2.1% decrease year-over-year. The company exceeded revenue and cost expectations and improved operational reliability.

  • Achieved fourth quarter operating margin of 0.7% and adjusted operating margin of 0.8%.
  • Delivered $395 million of 2024 revenue initiatives, exceeding the target by $95 million.
  • JetForward is on track, helping to drive positive adjusted operating margin outlook in 2025.
  • On-time performance improved by six points and customer satisfaction scores improved nearly ten points in 2024 versus 2023.

Headline financials

Total Revenue

$2.28B

Previous: $2.33B-2.1%
EPS (adj)

-$0.21

Previous: -$0.19-10.5%
Average Stage Length (mi)

1.3K

No prior period
Operating Margin

0.7%

No prior period
Pre-tax Margin

-3.6%

No prior period
Load Factor

82.2%

Previous: 80.1%+2.6%
Average Fare

$211.18

Previous: $211.83-0.3%
Yield per Passenger Mile

$15.82

Previous: $15.89-0.4%
Passenger Revenue per ASM

$13.01

Previous: $12.73+2.2%
Operating Revenue per ASM

$14.11

Previous: $13.67+3.2%
Operating Expense per ASM

$14.00

Previous: $14.06-0.4%
CASM ex-Fuel

$10.76

No prior period
Average Fuel Cost per Gallon

$2.47

Previous: $3.08-19.8%
Revenue Passengers

9.9M

No prior period
Revenue Passenger Miles

13.3B

No prior period
Available Seat Miles

16.1B

Previous: 17.0B-5.1%
Aircraft Utilization (hrs/day)

9.8

Previous: 10.5-6.7%
Departures

78.8K

No prior period
Avg. Operating Aircraft

288

No prior period
Fuel Gallons Consumed

206.0M

No prior period
Fuel Efficiency (ASMs/gal)

78

No prior period
Capital Expenditures

-$439M

No prior period
Net Income

-$44M

Previous: -$104M+57.7%
Operating Income

$17M

Previous: -$67M+125.4%
Gross Profit

$104M

Previous: $411M-74.7%

Revenue & EPS history

JetBlue · Revenue · Quarterly

$2.28B

Q4 2024-2.1%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

JetBlue · $1.74B total across 2 segments · Q1 2022

  • Passenger
    $1.6B+139.3%
  • Other
    $133M+111.1%

Forward guidance

JetBlue expects to reach positive operating margin in 2025 by building on the progress made in 2024, delivering on revenue and reliability initiatives as part of JetForward, and continuing cost control efforts.

Tailwinds

  • Initiatives are in place and solid momentum headed into 2025.
  • Reliability initiatives are driving greater customer satisfaction.
  • Network changes are in the early stages of ramp.
  • Efforts to expand and enhance products and perks are resonating.
  • Loyalty initiatives planned to launch in 2025 are deepening engagement with core customers.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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