JetBlue Airways (JBLU) Misses Q3 EPS by 1c

JetBlue Airways (NASDAQ: JBLU) reported Q3 EPS of $0.58, $0.01 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $1.73 billion versus the consensus estimate of $1.72 billion.

Fourth Quarter and Full Year Outlook

For the fourth quarter of 2016, year over year CASM excluding fuel and profit sharing is expected to grow between 4.5% and 6.5%, including a negative impact from hurricane Matthew of approximately half a point. For the full year 2016, JetBlue expects year over year CASM excluding fuel and profit sharing to grow between 0.0% and 1.5%, consistent with prior guidance.

In the fourth quarter 2016, capacity is expected to increase between 3.0% and 5.0%, including a negative impact from hurricane Matthew of approximately half a point. For the full year 2016, JetBlue expects capacity to increase between 8.5% and 9.0%.

JetBlue will conduct a conference call to discuss its quarterly earnings today, October 25, at 10:00 a.m. Eastern Time. A live broadcast of the conference call will be available via the internet at http://investor.jetblue.com.

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

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