JetBlue revises Q2 guidance, slight improvement to revenue outlook

JetBlue has updated its second quarter 2024 guidance with a marginally upward revision on June 3, 2024. It now expects available seat miles (ASMs) to be down 4%-2% year-on-year (YoY), a slight improvement from its previous estimation of a 5%-2% decline. Its previous revenue projection was expected to be down 10.5%-6.5% YoY; it has now improved the guidance to a negative 9.5%-6.5%. The revised outlook was driven by JetBlue’s “strong operational performance quarter-to-date with a completion factor of approximately 99%,” it said in an 8K form filing. It said the improved operational performance is driving “solid cost execution in the