JetBlue sees no profit this year on excess industry capacity, grounded planes [Globe and Mail, The (Toronto, Canada)]
JetBlue Airways Corporation (JBLU)
Last jetblue airways corporation earnings: 1/23 07:00 am
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Source: Globe and Mail, The
this year as bloated industry capacity in Latin America has depressed its revenue. The New York-based airline said it is also facing higher operating costs as ongoing inspections of Pratt & Whitney's Geared Turbofan (GTF) engines have grounded a number of its aircraft. JetBlue's shares were down about 17% at $6.25 in afternoon trading. Latin America accounts for 35% of JetBlue's total capacity. The company has had to cut fares as industry capacity in Latin leisure markets has increased over 60% since 2019 and has been growing double digits a quarter since the second half of 2023. It has cut some of its routes and markets that were unprofitable, including Bogota in Colombia and Lima in Peru, and reallocated resources to better-performing regions. The company is trying to drive up ancillary revenue and trimming capacity in the autumn to better match supply with demand. Still, JetBlue expects revenue in the second quarter to fall as much as 10.5% from a year ago. Full-year reve
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JBLU
News
- Fare Cutting King Boosts Puerto Rico Service Including New York And Newark Routes [Forbes]Forbes
- Limited-time 75K offers on Chase Sapphire Preferred and Sapphire Reserve [USA TODAY]USA TODAY
- A man repeatedly punched by Mike Tyson in a viral video taken on a JetBlue flight is suing the former heavyweight champ — 2 years after the incident [Business Insider]Business Insider
- Passenger beaten by Mike Tyson on 2020 flight files long-threatened lawsuit [CBS News]CBS News
- A tiny low-cost airline you may not have heard of is expanding to 10 new cities. We asked its CEO what to expect. [Business Insider]Business Insider
JBLU
Earnings
- 4/23/24 - Beat
JBLU
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- JBLU's page on the SEC website