Free Post Earnings Research Report: JetBlue’s Q1 EPS Growth Beat Consensus Estimates

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LONDON, UK / ACCESSWIRE / May 10, 2018 / If you want access to our free earnings report on JetBlue Airways Corp. (NASDAQ: JBLU) (“JetBlue”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JBLU. The Company released its financial results on April 24, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The New York-based Company’s y-o-y EPS growth outpaced market consensus forecasts. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Allegiant Travel Company (NASDAQ: ALGT), which also belongs to the Services sector as the Company JetBlue Airways. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, JetBlue Airways most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q1 FY18, JetBlue’s total operating revenues increased to $1.75 billion from $1.60 billion in Q1 FY17. However, the Company’s total operating revenue numbers for Q1 FY18 missed market consensus estimates of $1.76 billion.

The airline’s net income came in at $88 million, or $0.27 per diluted share, in Q1 FY18 compared to $82 million, or $0.24 per diluted share, in the prior year’s same quarter. Meanwhile, Wall Street had expected the Company to report a net income of $0.22 per diluted share.

Operational Metrics

For the quarter ended March 31, 2018, JetBlue’s total operating expenses increased to $1.63 billion from $1.46 billion in Q1 FY17. The Company’s operating cost per available seat mile (CASM) increased 8.0% to 11.59¢ y-o-y, while excluding fuel, the Company’s CASM rose 3.1% to 8.55¢ y-o-y in Q1 FY18.

The Company’s operating income fell to $128 million, or 7.3% of total operating revenues, in Q1 FY18 from $142 million, or 8.9% of total operating revenues, in Q1 FY17. During the reported quarter, the Company generated income before income taxes of $110 million versus $121 million in the comparable quarter of last year. Additionally, the Company’s pre-tax margin came in at 6.3% in Q1 FY18 versus 7.6% in Q1 FY17.

During the reported period, JetBlue’s passenger revenue per available seat mile (PRASM) grew 5.3% to 12.06¢ y-o-y. The Company’s yield per passenger mile also increased 4.4% to 14.26¢ y-o-y in Q1 FY18. Furthermore, the Company’s revenue per available seat mile was up 6.1% to 12.06¢ during Q1 FY18 from 11.46¢ in the year-ago corresponding quarter.

For Q1 FY18, the airlines served 9.88 million customers, which was 1.8% higher than the 9.71 million customers recorded in the year-ago same period. For the reported quarter, the Company’s passenger load factor was 84.6% versus 83.9% in Q1 FY17.

Cash Matters and Balance Sheet

During the three months ended March 31, 2018, JetBlue’s cash flow from operations was $494 million versus $432 million in the previous year’s comparable period. At the close of books in the reported quarter, JetBlue had cash equivalents and the restricted cash balance of $571 million compared to $359 million at the close of books on December 31, 2017. Additionally, the Company’s long-term debt and capital lease obligations decreased to $895 million as on March 31, 2018, from $1.00 billion as on December 31, 2017.

Earnings Guidance

In its outlook for the full year FY18, JetBlue anticipates capacity to increase between 6.5% and 8.5% y-o-y, and CASM, excluding fuel, is forecasted to grow between (1.0)% and 1.0% y-o-y.

For Q2 FY18, the Company forecasts capacity to grow in the range of 5.0% to 7.0% y-o-y. The Company’s CASM, excluding fuel, is estimated to increase in the range of 2.0% to 4.0% y-o-y for Q2 FY18. Furthermore, revenue per available seat mile is expected to change between (3.0)% and 0% for Q2 FY18.

Stock Performance Snapshot

May 09, 2018 – At Wednesday’s closing bell, JetBlue Airways’ stock fell 2.81%, ending the trading session at $18.71.

Volume traded for the day: 5.10 million shares, which was above the 3-month average volume of 4.74 million shares.

After yesterday’s close, JetBlue Airways’ market cap was at $5.94 billion.

Price to Earnings (P/E) ratio was at 10.57.

The stock is part of the Services sector, categorized under the Regional Airlines industry. This sector was up 0.3% at the end of the session.

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