Jetblue Airways is preparing to take off from Fort Lauderdale-Hollywood International Airport on January 31, 2024 at Fort Lauderdale, Florida.
Joe Ridel Gety pictures
Jetblue Airlines The shares decreased by more than 25 % on Tuesday, and they are on the right path to the largest percentage of a day since the company became public for more than two decades, after the financial expectations of the carrier were disappointed with disappointment.
The New York -based airline expects that the costs of its unit, with the exception of fuel, will increase by up to 7 % this year of 2024. In the first quarter, she said it expects this scale to rise to 10 % this quarter of the year. year.
Revenue was estimated to come up to 0.5 % up by up to 3.5 % in this quarter during 2024. Grand competitors Delta and united They expected higher growth in revenue, a sign of pricing power that enhances airlines.
Jetblue is located in the middle of a plan to reduce costs by executing unbelieving roads, postponing new aircraft and cooking revenues with high -price seats. CNBC reported on Friday that Jetblue has provided senior pilots voluntarily. The company said on Tuesday that Jetblue reduced its costs by $ 190 million last year.
“This is a multi -year strategy, and it is not written, and we focus in the long term here to restore Jetblue to the ongoing profitability,” CEO, Joanna Giragti, who took the first job last year, said during a profit call on Tuesday. . “So it will take some time.”
Geraghty added that she was happy with the progress of the carrier, putting it on the right track to add up to 900 million dollars to Pretax Profit 2027.
The carrier expects its revenues to increase 2025 between 3 % and 6 % on the flat capacity. Effect a Prattienie “The engine calls will be the worst this year, as a number of Airbus aircraft in the company have been tolerated in” mid to medium to high teenagers, an increase of 11 modified aircraft last year. “
Jetblue is located in the middle of a plan to reduce costs by executing unbelieving roads, postponing new aircraft and cooking revenues with high -price seats. CNBC reported on Friday that Jetblue has provided senior pilots voluntarily.
Jetblue has lost two anti -monopoly cases that prevented two growth strategies. In 2024, a federal judge prevented the planned acquisition on the Jetblue company for Spirit Airlines, which submitted a request to protect bankruptcy, Chapter 11 in November, and in 2023, Jetblue lost a case regarding its regional partnership with US Airlines.
“We note that the current administration team has reached its numbers, but in the market where the airlines are witnessing a strong growth in profits, Jetblue has not been able to keep up with,” said Milius’s research analyst. “Jetblue still needs strong unit revenues throughout the year to reach the ongoing operating profits – all possible, it is difficult to guarantee clouds in the first quarter.”
