JBLU - JetBlue Airways Non-GAAP EPS of $0.45 beats by $0.02 revenue of $2.61B in-line

2023-08-01 06:32:38 ET

• JetBlue Airways press release ( NASDAQ: JBLU ): Q2 Non-GAAP EPS of $0.45 beats by $0.02 .
• Revenue of $2.61B (+6.5% Y/Y) in-line.
• “Looking ahead, we are updating our full-year earnings outlook to reflect near-term headwinds related to the termination of the NEA, a challenging operating environment in the northeast and a greater than expected shift of pent-up COVID demand to long-haul international markets which is pressuring demand for domestic travel during the peak summer travel period. While we remain on track to deliver a profitable year and record revenue performance, we are taking action, including redeploying capacity to mitigate these current challenges and improve margins."

• The company expects Q3 adjusted EPS in the range of -$0.20 to $0.00 and FY2023 adjusted EPS in the range of $0.05 to $0.40.

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