JetBlue sees FY24 revenue growth down (5.0%)-(2.5%) from $9.62B last year

Sees FY24 ASMs (5%)-(2.5%) vs. last year. Sees FY24 CapEx $1.6B. “We’ve faced a number of unit cost headwinds this year, including approximately one point of pressure from the change in recognition of Pratt & Whitney compensation and one point from lower capacity than planned, yet we are maintaining our full year CASM-ex Fuel guidance and now expect it be in the range of 6.5% – 8.5% for the full year,” said President Ursula Hurley. “We remain committed to cost execution in the second half of the year, when we expect our structural cost program to ramp to run-rate and we introduce our new cost transformation program as part of JetForward.”