Says $300M of 2024 revenue initiatives planned to ramp in back half, led by network and product improvements. Says contractual wage rate step-ups expected to contribute two points of pressure to y/y CASM ex-fuel levels in each Q3 and Q4. Pratt & Whitney compensation accounting continues to drive one point of expected CASM ex-fuel pressure, while margin-accretive capacity reductions in 2H also expected to drive one point of pressure to full-year CASM ex-fuel, JetBlue says. On track to achieve revised target of $175M-$200M from structural cost program 2.0. Expecting flat y/y capacity growth in 2025. Comments taken from Q2 earnings conference call presentation slides.
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