JetBlue Airways provided (09-Jun-2021) the following operational and financial update:
- Continuing to expect flown capacity for 2Q2021 to decrease approximately 15%, compared to 2Q2019. The company will manage and align capacity with demand on a rolling basis;
- Experiencing a continued improvement in bookings and now expects revenue to decline between 30% and 33% during 2Q2021. This compares to the company's prior planning assumption of a revenue decline between 30% and 35%;
- Expecting total operating expenses for 2Q2021 to decrease approximately 7%. This compares to a prior planning assumption of a decrease of approximately 8%;
- Expecting EBITDA for 2Q2021 to range between USD115 million to USD165 million, compared to a prior planning assumption range of USD100 million to USD200 million. [more - original PR]