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JetBlue -15% After Q3 Revenue Stagnant, Expects Q4 Revenue Decline

JetBlue -15% After Q3 Revenue Stagnant, Expects Q4 Revenue Decline

JetBlue第三季營業收入停滯後下跌15%,預計第四季營業收入下降
Benzinga ·  10/29 11:49

$JetBlue Airways (JBLU.US)$ stock slipped after the company reported third-quarter results. The air carrier reported an adjusted loss per share of $0.16, beating the consensus loss of $0.26 and compared to a $0.39 loss reported a year ago.

$捷藍航空 (JBLU.US)$ 該公司公佈第三季度業績後股價下跌。這家航空公司報告每股調整後虧損0.16美元,超過了0.26美元的預期虧損,並與一年前報告的0.39美元虧損相比較。

JetBlue reported operating revenue of $2.365 billion, up 0.51% year over year and beating the consensus of $2.34 billion. Third-quarter system capacity decreased by 3.6% year over year.

JetBlue報告的營業收入爲23.65億美元,同比增長0.51%,超過了23.4億美元的共識。第三季度系統容量同比減少了3.6%。

The operating margin for the quarter improved by 5 points to negative 1.6% from negative 6.6% a year ago, and the adjusted operating margin stood at negative 0.4%, up from negative 5.2% last year.

該季度的營業利潤率提高了5個百分點,從一年前的負6.6%提高到負1.6%,調整後的營業利潤率爲負0.4%,高於去年的負5.2%。

Operating expenses for the quarter declined by 4.2% to $2.403 billion, while the operating expenses per available seat mile declined 0.7% YoY.

該季度的營業費用下降了4.2%至24.03億美元,而每可用座里程的營業費用同比下降了0.7%。

Operating expenses per available seat mile, excluding fuel, other non-airline operating expenses, and special items, increased 4.8% year-over-year. JBLU's Average fuel price in the third quarter was $2.67 per gallon, down from $3.04 a year ago.

每可用座里程的營業費用,不含燃料、其他非航空營業費用和特殊項目,在去年同比增長了4.8%。捷藍航空第三季度的平均燃油價格爲每加侖2.67美元,低於一年前的3.04美元。

The airline ended the quarter with ~$4.1 billion in liquidity, excluding an undrawn $600 million revolving credit facility.

航空公司季末流動性約爲41億美元,不包括未動用的60000萬美元的循環信貸額度。

JBLU delivered improved operational performance year-over-year with a completion factor of 98%, up from 96% YoY.

捷藍航空逐年提高了運營表現,完成率爲98%,較上一年同期的96%提高。

During the quarter, JBLU also signed an agreement with World Fuel Services and Valero Energy to supply New York's first ongoing sustainable aviation fuel, starting in 2024.

在本季度,捷藍航空還與全球燃料服務和瓦萊羅能源簽署協議,從2024年開始爲紐約供應第一個持續可持續航空燃料。

"Our number one goal remains returning to operating profitability, and growing our unit revenue is imperative to reach operating profitability. As underlying trends from the third quarter have broadly continued into the fourth quarter so far, we expect unit revenue growth to remain positive and sequentially consistent when adjusting for the CrowdStrike benefit in the third quarter and the negative impacts of Hurricane Milton and the election in the fourth quarter. As we look to 2025, I am encouraged by the backdrop for our revenue performance to continue improving, particularly as additional JetForward initiatives begin yielding benefits," commented Marty St. George, JetBlue's president.

「我們的首要目標仍然是實現營業利潤,增加單位營業收入對於達到營業利潤至關重要。鑑於第三季度的基本趨勢在迄今的第四季度繼續,我們預計單位營業收入增長將保持正增長,並在調整第三季度的CrowdStrike收益以及第四季度的颶風米爾頓和選舉的負面影響後保持相對穩定。展望2025年,我對我們的營業收入表現繼續改善的背景感到鼓舞,特別是隨着額外的JetForward倡議開始產生收益,」捷藍航空總裁Marty St. George評論道。

JetBlue CFO Ursula Hurley highlighted the five-point third-quarter operating margin improvement, driven by stronger revenue, operational gains, and lower fuel costs. Hurley confirmed progress on the full-year CASM ex-fuel target, with strategic financing bolstering liquidity for the JetForward strategy. She expressed confidence in achieving the 2024 EBIT target of $800–$900 million.

捷藍航空首席財務官烏蘇拉·赫利強調了第三季度營業利潤率提高的五個要點,得益於更強勁的營業收入、運營收益以及較低的燃料成本。赫利證實了全年CASm除燃料成本外的目標進展,戰略性融資增強了JetForward戰略的流動性。她表達了對實現2024年8,000至9,000美元EBIt目標的信心。

JetBlue anticipates a year-over-year revenue drop 7% to 3%; Available Seat Miles (ASMs) to decrease by 7% to 4% YoY.

捷藍航空預計年度營業收入下降7%至3%; 座位里程數 (ASMs) 預計同比減少7%至4%。

CASM ex-fuel is projected to rise 13% to 15%, and the expected fuel price per gallon is between $2.50 – $2.65. JetBlue anticipates a year-over-year revenue drop of 5% – 4% (prior 6% – 4%); Available Seat Miles (ASMs) are expected to decrease by 4.5% – 2.5% (prior view 5% – 2.5% YoY)

預計CASm除燃料成本將上升13%至15%,預期每加侖燃料價格爲$2.50 – $2.65。捷藍航空預計年度營業收入將下降5%至4% (原先爲6%至4%); 座位里程數 (ASMs) 預計同比減少4.5%至2.5% (原先預期爲5%至2.5% YoY)

2024 CASM ex-fuel is expected to increase by 7% – 8% (prior 6.5% – 8.5%); the projected fuel price per gallon is between $2.75 – $2.80.

預計2024年CASm除燃料成本將增加7%至8% (原先爲6.5%至8.5%); 預期每加侖燃料價格介於$2.75 – $2.80之間。

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