JetBlue shared 25 % after disappointing Outlook
A Jetblue Airways aircraft was preparing to take off from Lawdierburg-Gaeleburg International Airport on January 31, 2024 at Lauderburg, Florida.
Joe Raedle | Getty image
Jielan Airlines The stock fell by more than 25 % on Tuesday. This is the largest loss of a day since the company was listed more than 20 years ago. Previously, the company's financial prospects disappointed investors.
The airline headquarters in New York predicts its unit cost (excluding fuel) this year will rise by up to 7 % from 2024. In the first quarter, it expected that the indicator would rise up to 10 % of the year this quarter.
It estimates that revenue may be as high as 0.5 % in 2024, as high as 3.5 % in this quarter. Larger competitors delta and United People have been predicting higher income growth, which is a sign for these airlines to strengthen their pricing capabilities.
JetBlue is in the middle of the plan. It aims to delay the new aircraft and inspire income at a higher price seat by eliminating a route that is inaccurate. CNBC reported on Friday that JetBlue provided a voluntary early retirement package for senior pilots. The company said on Tuesday that the cost of Jetblue was reduced by $ 190 million last year.
CEO Joanna Gragety said at a call conference on Tuesday: “This is a kind of strategy, it is not linear, and in the long run, we restore JetBlue to continuous profitability in the long run. “”. “So this takes a little time.”
Geraghty added that she was satisfied with the progress of the carrier, which made it expected to increase to $ 900 million in pre -tax profit in 2027.
The operator predicts that its income will increase by 3 % to 6 % in 2025. one Prate and Whitney CFO Ursula Hurley said on Tuesday that this year's engine recall will be worse, and many of the company's air passenger car jet aircraft are rooted in “middle -aged to adolescents, higher than 11 aircraft last year.”
JetBlue is in the middle of the plan. It aims to delay the new aircraft and inspire income at a higher price seat by eliminating a route that is inaccurate. CNBC reported on Friday that JetBlue provided a voluntary early retirement package for senior pilots.
JetBlue lost two anti -Torais cases, preventing the two growth strategies. In 2024, a federal judge blocked the Grand Blue Airlines plan to acquire Spirit Airlines, which was an application for bankruptcy protection in Chapter 11 in November. American airlineEssence
Melius research analyst Conor Cunningham wrote: “We will notice that the current management team has reached the number, but in the market of airlines seeing a stable income growth market, JetBlue has been seen, JetBlue “The pace cannot be maintained” “Jetblue still needs to actively upgrade the unit in the whole year to obtain continuous operating profit-all possible is that it is difficult to underwrite in view of the resistance of 1Q
The fourth quarter of JetBlue was reduced to $ 44 million, or a loss of 13 cents per share, less than $ 104 million in the same period of 2023, or a loss of 31 cents per share. , Decreased by 2.1 % compared to the same period last year.