JetBlue Airways Capex Outlook: Q2 ~$550M, FY24 ~$1.6B
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways provided its outlook for Q2 and FY24, projecting a decrease in available seat miles and revenue year-over-year, with an increase in CASM Ex-Fuel. The company anticipates capital expenditures of approximately $550 million for Q2 and $1.6 billion for FY24.
April 23, 2024 | 10:36 am
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JetBlue Airways anticipates a decrease in available seat miles and revenue with an increase in CASM Ex-Fuel for Q2 and FY24, alongside significant capital expenditures.
The projected decrease in available seat miles and revenue, combined with an increase in CASM Ex-Fuel, suggests potential operational challenges and increased costs for JetBlue. The significant capital expenditures indicate investment in the company's future, but may also impact short-term financial performance and investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100