JetBlue Airways (JBLU) Misses Q4 EPS by 2c, Beats on Revenues

JetBlue Airways (NASDAQ: JBLU) reported Q4 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.75 billion.

• Operating income of $189 million, a decrease of 36.0% from the fourth quarter of 2016, principally due to higher fuel prices.
• Pre-tax income of $170 million, a decrease of 38.0% from the fourth quarter of 2016.
• Fourth quarter net income of $672 million, or $2.08 per diluted share. Adjusted earnings per share of $0.32, which excludes a benefit of $1.76 associated with the revaluation of our deferred tax liabilities to reflect the impact of the enactment of the Tax Cuts and Jobs Act of 2017. This compares to JetBlue’s fourth quarter 2016 net income of $172 million, or $0.50 per diluted share.

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

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