JetBlue Airways Revenue Growth Outlook: Q2 (10.5%) - (6.5%), FY24 Down Low Single Digits
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways projects a revenue decline of 10.5% to 6.5% in Q2 and a low single-digit decrease for FY24. ASMs are expected to drop by 5.0% to 2.0% in Q2, with a similar trend for the full year. CASM Ex-Fuel is anticipated to increase by 5.5% to 7.5% in Q2 and by mid-to-high single digits for FY24. Fuel prices are estimated to be between $2.98 and $3.13 per gallon in Q2, with capital expenditures projected at approximately $550 million for Q2 and $1.6 billion for FY24.
April 23, 2024 | 10:35 am
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JetBlue Airways anticipates a revenue decline in Q2 and FY24, with increased operational costs and significant capital expenditures.
The projected decline in revenue and increase in operational costs, such as CASM Ex-Fuel, alongside significant capital expenditures, are likely to put downward pressure on JetBlue's stock price in the short term. The specific figures provided for revenue decline, operational cost increases, and capital expenditures highlight significant financial challenges that could impact investor sentiment negatively.
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