The earnings call highlighted several positive aspects, including improved operating margins, strong revenue performance, and significant progress in operational reliability. However, challenges such as aircraft issues with Pratt & Whitney, election and hurricane impacts, and expected high CASM ex-fuel in the fourth quarter were noted. Overall, while there are challenges, the positive developments suggest a cautiously optimistic outlook.

Company Guidance

In the third quarter of 2024, JetBlue reported several key metrics and guidance updates during their earnings call. The company saw a 5-point year-over-year improvement in operating margin and raised the midpoint of their full-year revenue guidance by 0.5 points. Notably, JetBlue achieved $275 million of their $300 million revenue target for 2024, driven by enhancements such as the Blue Basic carry-on policy and premium offerings like Even More Space and Mint. Operationally, they improved their A14 by over 12 points and completion factor by nearly 2 points. Looking ahead, JetBlue anticipates flat capacity in 2025 due to ongoing challenges with Pratt & Whitney aircraft on the ground, while working towards an ambitious goal of $800 million to $900 million in incremental EBIT by 2027. These efforts are part of their JetForward strategy, focusing on reliable service, strategic network adjustments, and product offerings.

Improved Operating Margin

Operating margin improved 5 points year-over-year, exceeding initial expectations for the quarter.

Strong Revenue Performance

Revenue guidance midpoint improved by 0.5 points. Achieved $275 million of the $300 million revenue target set for 2024.

Operational Reliability Improvements

Year-over-year improvements in A14 (up over 12 points) and completion factor (up nearly 2 points).

Successful Debt Raise

Raised over $3 billion of debt to retire existing debt, pre-fund 2024 and 2025 CapEx, and support JetForward execution.

Growth in TrueBlue Loyalty Program

Nearly half of customer flight revenue from TrueBlue members, with loyalty revenue up 11% year-over-year.

Positive Performance of Premium Offerings

Even More Space and Mint segments saw double-digit revenue growth year-over-year.

---

JetBlue Airways (JBLU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

JBLU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 23, 2025	2024 (Q4)	-0.34 / -	-0.19	―	―	―
Oct 29, 2024	2024 (Q3)	-0.21 / -0.16	-0.39	58.97% (+0.23)
Jul 30, 2024	2024 (Q2)	-0.10 / 0.08	0.45	-82.22% (-0.37)
Apr 23, 2024	2024 (Q1)	-0.52 / -0.43	-0.34	-26.47% (-0.09)
Jan 30, 2024	2023 (Q4)	-0.27 / -0.19	0.22	-186.36% (-0.41)
Oct 31, 2023	2023 (Q3)	-0.25 / -0.39	0.21	-285.71% (-0.60)
Aug 01, 2023	2023 (Q2)	0.45 / 0.45	-0.47	195.74% (+0.92)
Apr 25, 2023	2023 (Q1)	-0.38 / -0.34	-0.8	57.50% (+0.46)
Jan 26, 2023	2022 (Q4)	0.20 / 0.22	-0.36	161.11% (+0.58)
Oct 25, 2022	2022 (Q3)	0.24 / 0.21	-0.12	275.00% (+0.33)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

JBLU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$7.32	$6.07	-17.08%
Jul 30, 2024	$5.93	$6.66	+12.31%
Apr 23, 2024	$7.51	$6.10	-18.77%
Jan 30, 2024	$5.50	$5.24	-4.73%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---