JetBlue Airways (JBLU) Tops Q3 EPS by 2c, Slight Miss on Revenues

JetBlue Airways (NASDAQ: JBLU) reported Q3 EPS of $0.55, $0.02 better than the analyst estimate of $0.53. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.81 billion.

• Operating income of $310 million, a decrease of 12.4% from the third quarter of 2016.
• Pre-tax income of $293 million, a decrease of 11.2% from the third quarter of 2016.
• Third quarter net income of $179 million, or $0.55 per diluted share. This compares to JetBlue’s third quarter 2016 net income of $199 million, or $0.58 per diluted share.

Fourth Quarter and Full Year Outlook

Capacity is expected to increase between 4.5% and 5.5% year over year in the fourth quarter 2017. For the full year 2017, JetBlue expects capacity to increase between 4.0% and 5.0%.

RASM growth is expected to range between (3.0%) and 0.0% for the fourth quarter 2017 compared to the same period in 2016.

CASM excluding fuel is expected to grow between 5.0% and 7.0% for the fourth quarter of 2017. For the full year 2017, JetBlue expects year over year CASM excluding fuel to grow between 4.0% and 5.0%.

For earnings history and earnings-related data on JetBlue Airways (JBLU) click here.

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