JetBlue Airways announced an operational and financial update of its expected second quarter 2024 results. In a filing, the company stated: “JetBlue has maintained strong operational performance quarter-to-date with a completion factor of approximately 99%. The company continues to experience healthy overall demand trends, in-line with expectations. Better operational performance is driving solid cost execution in the second quarter, and is further supported by recent trends in jet fuel prices, which have declined over the quarter.” The company now sees Available Seat Miles, or “ASMs,” year-over-year (4.0%)-(2.0%) versus a prior view of (5.0%)-(2.0%) and revenue year-over-year (9.5%)-(6.5%) versus a prior view of (10.5%)-(6.5%), the filing noted.
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