JetBlue Airways (JBLU) Tops Q4 EPS by 5c, Offers Outlook

JetBlue Airways (NASDAQ: JBLU) reported Q4 EPS of $0.56, $0.05 better than the analyst estimate of $0.51. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.57 billion.

First Quarter and Full Year Outlook

The following outlook does not include the impact of Winter Storm Jonas, which caused over 900 flight cancellations within the last week.

For the first quarter of 2016, change in CASM excluding fuel and profit sharing is expected to be between 0.0% and negative 2.0% versus the year-ago period. Excluding fuel and profit sharing, CASM for the full year 2016 is forecasted to grow between zero and two percent year over year.

Capacity is expected to increase between 14% and 16% in the first quarter 2016 and between 8.5% and 10.5% for the full year. Severe winter weather caused a significant number of flight cancellations in the first quarter of 2015. This increases JetBlue’s 2016 capacity growth rate compared to a scheduled versus scheduled basis by about 2.5% in the first quarter and 0.5% for the full year.

For earnings history and earnings-related data on JetBlue Airways (JBLU) click here.

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