Here’s What To Expect From JetBlue’s Q2

JetBlue Airways (NASDAQ: JBLU) will report its Q2 2023 results on Tuesday, Aug 1. We expect the company’s revenues to come in at $2.6 billion, aligning with the consensus estimate. This would mark year-over-year growth of about 7%. Earnings will likely come in at about $0.42 on a per-share and adjusted basis, slightly below the $0.44 consensus estimate. See our interactive dashboard analysis on JetBlue Airways Earnings Preview for more details on how the company’s revenues and earnings will likely trend for the quarter. So, what are some of the trends that are likely to drive JetBlue Airways
JBLU
’ results?

The company will likely continue to benefit from the robust travel demand. It should see a continued rise in total available seat miles, and the passenger load factor will likely remain strong. However, it will be a tough comparison with the prior-year quarter, which saw a record travel demand. The average ticket price has also cooled this year while overall capacity has expanded. Looking at Q1 2023, JetBlue Airways’ revenues were up 34%, led by a 9% rise in capacity and a 25% rise in average revenue per available seat mile to 13.88 cents.