JetBlue expecting 2Q2021 capacity to decrease 15% compared to 2Q2019

    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]
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