JetBlue sees FY24 revenue down 4%-5%

Sees FY24 capital expenditures $1.6B. Sees FY24 available seat miles down 2.5%-4.5%. Sees FY24 CASM 7%-8%. Sees FY24 fuel price per gallon $2.75-$2.80. Sees FY24 interest expense $370M-$380M. “In the third quarter we improved operating margin by five points versus our July expectations, driven primarily by improved revenue performance, better operational performance and lower fuel expense. We remain on track to deliver on our full-year CASM ex-Fuel target as we remain laser focused on controlling costs and sustaining our cost advantage,” said Ursula Hurley, JetBlue’s (JBLU) chief financial officer. “To help support our runway to execute on our JetForward strategy, we’ve also taken steps to bolster our liquidity position through strategic financing efforts. As I look to next year, I remain confident we have the right foundation to begin delivering results on our $800 – $900 million EBIT (1) target.”