Financial PerformanceThe 1Q25 revenue guidance fell short of investor expectations, alongside continued issues with Pratt & Whitney engines, raising concerns about the timing of normalized earnings and contributing to significant share price declines.
Market SentimentInvestors remain bearish on JetBlue due to skepticism about its ability to generate sufficient profitability and free cash flow as a standalone entity, leading to a significant drop in share prices.
Operational ChallengesPratt & Whitney engine issues are anticipated to peak in 2026/2027, which could limit JetBlue's growth and increase unit costs, posing a major constraint on operations.