Joanna Geraghty, JetBlue CEO, discusses the M&A outlook for the airline.
JetBlue Airways Corporation (NASDAQ:JBLU ) Q4 2024 Earnings Conference Call January 28, 2025 10:00 AM ET Company Participants Koosh Patel - Director of Investor Relations Joanna Geraghty - Chief Executive Officer Marty St. George - President Ursula Hurley - Chief Financial Officer Conference Call Participants Jamie Baker - JPMorgan Daniel McKenzie - Seaport Global Duane Pfennigwerth - Evercore ISI Thomas Fitzgerald - TD Cowen Scott Group - Wolfe Research Michael Linenberg - Deutsche Bank Catherine O'Brien - Goldman Sachs Ravi Shanker - Morgan Stanley Savanthi Syth - Raymond James Thomas Wadewitz - UBS Financial Steve Trent - Citi Operator Good morning. My name is Christa, and I will be your conference operator today.
Passenger revenues decline 3.1% in the fourth quarter on a year-over-year basis at JetBlue.
Joanna Geraghty, JetBlue CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, if the brand's JetForward strategy is working, and much more.
Shares of JetBlue (JBLU) tumbled over 20% Tuesday morning after the airline's downbeat outlook for the first quarter and upcoming fiscal year overshadowed a better fourth quarter than analysts had expected.
JetBlue Airways Corp (NASDAQ:JBLU) shares dove over 25% to $6 after the company reported better than expected earnings but cautioned that capacity would be down in the first quarter of 2025. JetBlue said available seat miles (ASM) in the first quarter are likely to fall 2-5% compared to a year earlier, and are on course to be roughly flat for the whole year.
JetBlue Airways Corp. shares fell after the company projected higher costs in 2025 than expected. Despite the setback, the airline reported a smaller-than-expected fourth-quarter loss.
The airline is in the middle of a plan to reduce costs by culling unprofitable routes and drumming up revenue with higher-priced seats.
JetBlue Airways forecast higher costs and unit revenue below analysts' expectations for the first quarter on Tuesday, sending the New York-based carrier's shares down 14% in morning trade.
JetBlue Airways (JBLU) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.30. This compares to loss of $0.19 per share a year ago.
JetBlue's Q4 results beat expectations, but the outlook for a key revenue metric was below forecasts.
On Tuesday, JetBlue Airways Corporation JBLU reported an adjusted loss per share of 21 cents, beating the consensus loss of 31 cents, compared to a 19-cent loss reported a year ago.