The earnings call reflects a positive transition for JetBlue, with significant improvements in operational performance, successful strategic initiatives, and revenue outperformance. However, challenges such as the impact of Pratt & Whitney aircraft groundings and competitive pressures remain. The sentiment is moderately positive as the highlights outweigh the lowlights, indicating progress towards sustained profitability.

Company Guidance

During the JetBlue Airways fourth quarter 2024 earnings call, the company provided guidance for both the first quarter and full year 2025. JetBlue expects to achieve a full-year positive adjusted operating margin ranging from 0% to 1%. The company forecasts a 3% to 6% increase in revenue per available seat mile (RASM) for the full year, with first-quarter RASM expected to range from a 0.5% decrease to a 3.5% increase. Capacity growth for 2025 is projected to be roughly flat compared to 2024. JetBlue also anticipates cost per available seat mile excluding fuel (CASM ex-fuel) to rise by 5% to 7% for the year, with the first quarter seeing an increase of 8% to 10%. The ongoing Pratt & Whitney engine issues are expected to continue impacting operations, with groundings estimated to negatively affect operating margins by approximately 3 points in 2025. JetBlue aims to deliver around $200 million of incremental EBIT contribution from its JetForward program in 2025, as part of its commitment to achieve $800 million to $900 million by 2027.

Positive Operating Margin Achieved

JetBlue ended the year with a positive adjusted operating margin of 0.8%, over 2 points better than in 2023.

Revenue Outperformance

Fourth quarter revenue outperformed guidance, generating adjusted operating income of $18 million and beating the revised guidance midpoint by 1.4 points.

Improved Operational Metrics

On-time performance improved by 6 points in 2024 compared to 2023, and the Net Promoter Score increased by nearly 10 points.

Strategic Network Realignment

JetBlue closed 15 Blue Cities and redeployed over 20% of its network, focusing on core strengths on the East Coast and improving performance in New England and the Caribbean.

Loyalty and Revenue Initiatives Surpass Expectations

Revenue initiatives drove $395 million in 2024, $95 million over the target, and loyalty now accounts for 12% of total revenue.

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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

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JBLU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 29, 2025	2025 (Q1)	-0.61 / -	-0.43	―	―	―
Jan 28, 2025	2024 (Q4)	-0.29 / -0.21	-0.19	-10.53% (-0.02)
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)

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

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JBLU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 28, 2025	$8.09	$6.01	-25.71%
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%

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.

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