JetBlue Airways Corp (MEX:JBLU)
MXN 167.6 0 (0%) Market Cap: 54.80 Bil Enterprise Value: 153.96 Bil PE Ratio: 0 PB Ratio: 1.01 GF Score: 56/100
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Q2 2024 JetBlue Airways Corp Earnings Call Transcript

Jul 30, 2024 / 02:00PM GMT
Release Date Price: MXN110.3

Key Points

Positve
  • JetBlue Airways Corp (JBLU) reported $34 million of adjusted pre-tax income for the second quarter.
  • The company exceeded its second-quarter guidance ranges for key operational metrics.
  • Premium product offerings showed strong performance, with unit revenue up double digits year over year.
  • JetBlue Airways Corp (JBLU) realized approximately $140 million of top-line benefit in the first half of the year from its $300 million revenue initiatives.
  • The company has a clear strategy, 'Jet Forward,' aimed at delivering an incremental $800 million to $900 million of EBITDA contribution by 2027.
Negative
  • Pratt & Whitney engine-related aircraft groundings are significantly impeding growth and pressuring profitability.
  • Industry-wide cost inflation and persistent air traffic control issues are ongoing headwinds.
  • Revenue growth has not been sufficient to outpace cost challenges.
  • The company expects flat year-over-year capacity in 2025 due to engine availability issues.
  • JetBlue Airways Corp (JBLU) is deferring 44 Airbus A321neo aircraft deliveries, reducing capital expenditures but also impacting growth plans.
Operator

Good morning. My name is Brittany, and I would like to welcome everyone to the JetBlue Airways second-quarter 2024 earnings conference call. As a reminder, today's call is being recorded. (Operator Instructions)

I would like to turn the call over to JetBlue's Director of Investor Relations Koosh Patel. Please go ahead, sir.

Koosh Patel
JetBlue Airways Corp - Director of Investor Relations

Thanks, Brittany. Good morning, everyone, and thanks for joining us for our second-quarter 2024 earnings call. This morning, we issued our earnings release and the presentation that we will reference during this call. All of those documents are available on our website at investor dot jetblue.com and on the SEC's website at www.sec.gov.

In New York to discuss our results Joanna Geraghty our Chief Executive Officer; Marty St. George our President, and Ursula Hurley our Chief Financial Officer.

During today's call, we'll make forward-looking statements within the meaning of the Safe Harbor

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