JetBlue sees Q3 adjusted EPS (20c)-0c, consensus 40c

Sees Q3 revenue down 4%-8%, consensus $2.62B. Sees Q3 ASMs up 5.5%-8.5%, CASM ex-fuel up 2.5%-5.5%. “While challenges persist in the near term, we are pulling every lever at our disposal to continue to drive cost efficiencies, including better utilization, technology upgrades, fleet modernization and our structural cost program. I remain confident in our ability to manage the near-term headwinds and focus on the factors we can control as we rebuild long-term margins and restore our historical earnings power,” said Ursula Hurley, JetBlue’s CFO.