JetBlue Airways Stock Drops 6% on Q4 Miss
JetBlue Airways Stock Drops 6% on Q4 Miss

JetBlue Airways Stock Drops 6% on Q4 Miss

Jan. 30, 2024, 11:58 a.m., readers: 12

JetBlue Airways (NASDAQ:JBLU) saw its stock decline by more than 6% intra-day today following the release of its fourth-quarter earnings, which revealed a larger-than-expected loss. The airline posted a quarterly loss of 31 cents per share, which was more than the anticipated loss of 27 cents per share. However, JetBlue surpassed average analyst expectations in terms of operating revenue. For the quarter, JetBlue's operating revenue totaled $2.33 billion, exceeding the consensus estimate of $2.28 billion. Breaking down the revenue, passenger operating revenue reached $2.17 billion, which was higher than the forecasted $2.13 billion. The airline also reported available seat miles at 17.01 billion, surpassing the expected 16.86 billion. Nevertheless, JetBlue's revenue passenger miles fell short, coming in at 13.63 billion against the projected 13.85 billion. The average passenger fare for the quarter was significantly higher at $211.83, well above the estimated $199.47. Additionally, the yield per passenger mile was reported at 15.89 cents.


J etBlue Airways Corporation provides air passenger transportation services. As of December 31, 2021, the company operated a fleet of 63 Airbus A321 aircraft, 8 Airbus A220 aircraft, 21 Airbus A321neo aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 107 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and 24 countries in the Caribbean and Latin America.

Price: 6.45
Market cap: 2.2 billion USD
Eps: -0.93
P/e ratio: -6.93
Terminal Research: JBLU