Jetblue Airways Corp

NASDAQ:JBLU  
19.56
+0.23 (+1.19%)
4:10:00 PM EDT: $19.51 -0.05 (-0.26%)
Other Pre-Announcement

Jetblue Announces First Quarter 2021 Results

Published: 04/27/2021 12:35 GMT
Jetblue Airways Corp (JBLU) - Jetblue Announces First Quarter 2021 Results.
Q1 Adjusted Loss per Share $1.48.
Q1 GAAP Loss per Share $0.78.
Q1 2021 Revenue Declined 61% Year Over Two As a Result of Impact of Covid-19.
Reduced Q1 2021 Capacity by 41% Year Over Two.
Qtrly Total Operating Revenue $733 Million Versus $1588 Million.
For Q2 2021, Planning Assumption for Revenue is a Decline of Between 30% and 35% Year Over Two.
Qtrly Total Operating Expenses $1027 Million Versus $1922 Million.
For Q2 2021, Planning Assumption is for Capacity to Decline Approximately 15% Year Over Two.
Expect to Achieve Better Than 2019 Casm Ex-fuel in 2022.
Going Forward, Plan to Prioritize Paying Down High Cost Debt.
For Q2, Co Estimates EBITDA Will Range Between Negative $100 Million & Negative $200 Million.
On an EBITDA Basis,co Believes Will Reach Breakeven in Q3, & Expects to Remain in Positive Territory Through End of Year.
Jetblue Airways - As of April 27, Jetblue Has Not Entered Into Forward Fuel Derivative Contracts to Hedge Its Fuel Consumption for Q2 2021.
Qtrly Load Factor of 63.9% Versus 69.8%.
Qtrly Revenue Passenger Miles 5,808 Million Versus 10,392 Million.
Q1 Earnings per Share View $-1.69, Revenue View $682.8 Million -- Refinitiv Ibes Data (analyst estimates).