Executives from the New York-based carrier talked up many changes, including its new EvenMore product (formerly its Even More Space product) that debuted Tuesday, its premium cobranded credit card set to roll out shortly,
JetBlue is executing a cost-cut strategy of cutting unprofitable routes, deferring aircraft deliveries and pricing premium seats. It was also reported by CNBC that the airline has already offered senior pilots voluntary early retirement packages as part of the restructuring.
JetBlue’s fourth-quarter results beat expectations, but the outlook for a key revenue metric was below forecasts.
The New York-based carrier announced what it's calling the EvenMore experience, a refreshed type of extra-legroom seat located at the front of its economy cabins.
JetBlue’s unit revenue guide implied deceleration year over year despite all the changes it has been making,” offered Melius Research analyst Conor Cunningham.
As a main competitor to the other two legacy carriers, American Airlines and United Airlines, Delta also challenged plenty others, such as Southwest Airlines, AirTran Airways, US Airways, and even JetBlue Airways.
Unit costs in 2025 will rise as much as 7% excluding fuel, the airline said Tuesday in a statement, outpacing analysts’ estimates on higher spending for compensation and aircraft maintenance. JetBlue shares fell as much as 18% as markets opened in New York, their biggest slump since Aug. 12.
JetBlue’s earnings results for the last quarter were better than analysts’ expectations to lose $0.29 per share. The company did miss its revenue target as year-over-year sales dropped by -2.1%. This marks five out of six quarters of declining revenue as JetBlue focuses on a balance sheet turnaround.
Tuesday night, a newly delivered Airbus A350-900 will depart Delta's Hartsfield-Jackson Atlanta International Airport (ATL) megahub sporting an all-new cabin appearance — one that will slowly become the standard look on Delta's planes over the coming years.
JetBlue reported Q4 2024 results with a narrower-than-expected loss, strong holiday demand, and improved operating margin amid cost controls.
Frontier Airlines is again pursuing a merger with Spirit Airlines, with Spirit mired in chapter 11 bankruptcy proceedings.
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