Category Archives: JetBlue Airways

JetBlue announces Puerto Rico expansion, new Mint service to three cities, and three new destinations

JetBlue Airways Airbus A321-231 WL N947JB (msn 6448) (Ribbons) LAX (Michael B. Ing). Image: 963148.

JetBlue Airways today announced significant network enhancements that reaffirm its position as the largest carrier in Puerto Rico. This expansion includes the addition of six new destinations from San Juan – one of JetBlue’s most successful focus cities – enhancing connectivity and offering more choices to customers. In a groundbreaking move for the island, JetBlue is also introducing its popular Mint experience – JetBlue’s take on premium travel – for the first time in Puerto Rico. Starting in July, JetBlue will begin offering Mint on a daily flight between San Juan and New York’s John F. Kennedy International Airport (JFK) complete with lie-flat seats and an elevated dining experience.

The following new destinations will be served with nonstop service to/from Luis Muñoz Marín International Airport (SJU):

To/From San Juan (SJU):Frequency:Begins:
Providence, RI (PVD)1x daily10/27/2024
Westchester County, NY (HPN)1x daily10/27/2024
Santiago, Dominican Republic (STI) 11x daily10/28/2024
Medellín, Colombia (MDE) 14x weekly10/29/2024
Cancún, Mexico (CUN) 13x weekly10/28/2024
St. Croix, USVI (STX)1x daily12/12/2024

Since becoming a part of the community in Puerto Rico in 2002, the airline’s much-loved low fares and customer experience quickly positioned JetBlue as a preferred carrier on the island. JetBlue today employs more than 370 crewmembers across Puerto Rico – and growing. JetBlue also provides service from Aguadilla and Ponce, and with the announced expansion in San Juan, it will operate flights to 18 different destinations from the three airports it serves on the island. With additional connections through other JetBlue cities, the airline will average 40 departures per day from San Juan this upcoming winter, more than any other airline.

More Mint to more places including Phoenix and Vancouver

Building on the popularity of JetBlue’s Mint experience, the airline is thrilled to announce the expansion of its premium travel experience to additional destinations, including Phoenix and Vancouver. This winter, every flight heading to Phoenix Sky Harbor International Airport (PHX) will feature Mint, offering nonstop comfort and excellent cuisine from JetBlue’s East Coast focus cities – New York, Boston, and Fort Lauderdale.

JetBlue is not only adding Mint but doubling service from New York and Boston to Phoenix and reintroducing service from Fort Lauderdale to Phoenix. Additionally, JetBlue will introduce Mint to the Canadian market on JetBlue’s daily flight between New York and Vancouver, British Columbia, elevating the travel experience on these routes to new heights. JetBlue will also add Mint service between Fort Lauderdale and Las Vegas.

JetBlue is now offering Mint on the following routes:

JetBlue focus cityTo/from:Frequency:Mint service begins:
New York (JFK)San Juan (SJU)1x daily7/22/2024
New York (JFK)Vancouver (YVR)1x daily7/21/2024
Fort Lauderdale (FLL)Las Vegas (LAS)2x daily, winter seasonal10/27/2024
Fort Lauderdale (FLL)Phoenix (PHX)1x daily, winter seasonal10/25/2024
Boston (BOS)Phoenix (PHX)2x daily, winter seasonal10/27/2024
New York (JFK)Phoenix (PHX)2x daily, winter seasonal10/27/2024

Adding three Caribbean destinations

JetBlue has long been a leader in the Caribbean and Latin America, where it operates one-third of its network. JetBlue is set to enhance that position with the addition of three new Caribbean destinations.

This fall, JetBlue will launch flights from New York’s JFK to the pristine beauty of St. Vincent and the Grenadines with service to Argyle International Airport (SVD), and the tranquil shores in Bonaire with flights to Flamingo International Airport (BON)1. These additions are part of JetBlue’s strategy to expand its reach by adding markets with limited competition but high demand. These routes, which will go on sale later this month, establish JetBlue as the only U.S. airline offering direct connections from New York’s JFK to these captivating destinations.

In addition to these new offerings, JetBlue is also resuming daily service to Henry E. Rohlsen Airport (STX) in St. Croix with flights from San Juan, further facilitating seamless travel within the Caribbean and easy connections from the US mainland. JetBlue previously served St. Croix from 2011 to 2019.

The following new service will begin this fall:

JetBlue focus cityTo/from:Frequency:Begins:
San Juan (SJU)St. Croix (STX)1x daily12/12/2024
New York (JFK)St. Vincent (SVD)To be announcedTo be announced
New York (JFK)Bonaire (BON)To be announcedTo be announced

Moving flying and redeploying capacity

These strategic network and product moves are part of JetBlue’s plan to refocus its flying into leisure and VFR (visiting friends and relatives) routes with strong customer demand as it continues its efforts to return the airline’s business to profitability. The new routes, destinations and Mint service lean into strengths in JetBlue’s product offering and role as a top leisure carrier.

JetBlue will be adding these new routes and services by redeploying capacity within its network. As a result of the end of the airline’s Northeast Alliance with American Airlines, JetBlue will scale back flying at New York’s LaGuardia Airport (LGA) and reduce flying on a handful of underperforming routes in its network. Along with returning to profitability, the airline continues to focus on improving reliability across the airline’s operation.

1.Subject to receipt of government operating authority.
 
2.Providence (PVD) to San Juan (SJU) one-way only. Book by: 5/10/24 for travel 10/28/24-12/18/24. Blackout dates: 11/21/24-12/2/24.San Juan (SJU) to Providence (PVD) one-way only. Book by: 5/10/24 for travel 10/28/24-12/18/24. Blackout dates: 11/21/24-12/2/24.Westchester County (HPN) to San Juan (SJU) one-way only. Book by: 5/10/24 for travel 10/28/24-12/18/24. Blackout dates: 11/21/24-12/2/24. San Juan (SJU) to Westchester County (HPN) one-way only. Book by: 5/10/24 for travel 10/28/24-12/18/24. Blackout dates: 11/21/24-12/2/24. San Juan (SJU) to St. Croix (STX) one-way only. Book by: 5/10/24 for travel 12/12/24-2/12/25. St. Croix (STX) to San Juan (SJU) one-way only. Book by: 5/10/24 for travel 12/12/24-2/12/25. San Juan (SJU) to Santiago (STI) one-way only. Book by: 5/10/24 for travel 10/28/24-12/18/24. Blackout dates: 11/21/24-12/2/24. San Juan (SJU) to Medellin (MDE) one-way only. Book by: 5/10/24 for travel 10/29/24-12/18/24. Blackout dates: 11/21/24-12/2/24. San Juan (SJU) to Cancun (CUN) one-way only. Book by: 5/10/24 for travel 10/28/24-12/18/24. Blackout dates: 11/21/24-12/2/24. New York (JFK) to San Juan (SJU) one-way only. Book by: 5/10/24 for travel 7/23/24-11/13/24. San Juan (SJU) to New York (JFK) one-way only. Book by: 5/10/24 for travel 7/23/24-11/13/24. Terms apply.

SJU New Markets

Schedule between Providence (PVD) and San Juan (SJU)

Daily service starting October 27, 2024

PVD-SJU Flight #0525SJU-PVD Flight #0526
7:00 a.m. – 12:00 p.m.7:25 p.m. – 10:24 p.m.

Schedule between Westchester County (HPN) and San Juan (SJU)

Daily service starting October 27, 2024

HPN-SJU Flight #2601SJU-HPN Flight #2602
8:00 a.m. – 1:00 p.m.8:00 p.m. – 10:55 p.m.

Schedule between San Juan (SJU) and St. Croix (STX)

Daily service starting December 12, 2024

SJU-STX Flight #2940STX-SJU Flight #2941
3:35 p.m. – 4:25 p.m.5:10 p.m. – 6:00 p.m.

Schedule between San Juan (SJU) and Santiago (STI)

Daily service starting October 28, 2024

SJU-STI Flight #1607STI-SJU Flight #1608
11:25 a.m. – 12:25 p.m.1:25 p.m. – 2:26 p.m.

Schedule between San Juan (SJU) and Medellín (MDE)

Service starting October 29, 2024- Operating Tuesday, Thursday, Friday and Sunday

SJU-MDE Flight #2965MDE-SJU Flight #2966
1:20 p.m. – 3:05 p.m.4:05 p.m. – 7:50 p.m.

Schedule between San Juan (SJU) and Cancún (CUN)

Service starting October 28, 2024 – Operating Monday, Wednesday and Saturday

SJU-CUN Flight #2899CUN-SJU Flight #2898
12:10 p.m. – 2:30 p.m.3:30 p.m. – 7:50 p.m.
 

Mint Routes

Mint schedule between New York (JFK) and San Juan (SJU)

Daily service starting July 22, 2024

JFK-SJU Flight #0503SJU-JFK Flight #2404
8:35 a.m. – 1:37 p.m.2:50 p.m. – 6:01 p.m.

Mint schedule between New York (JFK) and Vancouver (YVR)

Daily service starting July 21, 2024

JFK-YVR Flight #1975YVR-JFK Flight #1974
5:50 p.m. – 9:07 p.m.10:30 p.m. – 6:45 a.m.

Mint schedule between Fort Lauderdale (FLL) and Phoenix (PHX)

Daily seasonal service starting October 25, 2024

FLL-PHX Flight #0857PHX-FLL Flight #0858
7:00 a.m. – 10:10 a.m.11:20 am. – 5:19 p.m.

Mint schedule between Fort Lauderdale (FLL) and Las Vegas (LAS)

Daily seasonal service starting October 27, 2024

FLL-LAS Flight #1707LAS-FLL Flight #1708
8:40 a.m. – 11:08 a.m.12:20 p.m. – 7:54 p.m.
FLL-LAS Flight #0607LAS-FLL Flight #0608
7:40 p.m. – 10:11 p.m.11:25 p.m. – 6:49 a.m.

Mint schedule between Boston (BOS) and Phoenix (PHX)

Daily seasonal service starting October 27, 2024

BOS-PHX Flight #1303PHX-BOS Flight #0502
7:05 a.m. – 11:23 a.m.12:35 p.m. – 7:10 p.m.
BOS-PHX Flight #0303PHX-BOS Flight #1302
5:35 p.m. – 9:48 p.m.10:59 p.m. – 5:40 a.m.

Mint schedule between New York (JFK) and Phoenix (PHX)

Daily seasonal service starting October 27, 2024

JFK-PHX Flight #0035PHX-JFK Flight #0736
7:59 a.m. – 11:45 a.m.1:00 p.m. – 7:33 p.m.
JFK-PHX Flight #0735PHX-JFK Flight #0036
6:15 p.m. – 10:00 p.m.11:10 p.m. – 5:40 a.m.

Top Copyright Photo: JetBlue Airways Airbus A321-231 WL N947JB (msn 6448) (Ribbons) LAX (Michael B. Ing). Image: 963148.

JetBlue Airways aircraft photo gallery:

Screenshot

JetBlue and Etihad Airways announce loyalty partnership as part of codeshare agreement

JetBlue Airways and Etihad Airways, the national airline of the United Arab Emirates, today announced the addition of loyalty benefits starting May 8, 2024, as part of its long-standing codeshare partnership. The agreement between the two airlines was celebrated at Dubai’s Arabian Travel Market today.

As part of the partnership, members of JetBlue’s TrueBlue loyalty program and members of Etihad Guest, the loyalty program of Etihad Airways, will now be able to earn and redeem points in the program of their choice when flying across the network of either airline.

This partnership complements the respective programs’ portfolio of redemption options with Etihad Guest miles redeemable against a wide range of experiences from flights and worldwide hotel stays to converting miles into a reward card for shopping. In addition, last year JetBlue launched its new TrueBlue loyalty program, offering members more value with the introduction of tiles to track status, Perks You Pick®, expanded Mosaic levels for the airline’s most loyal customers and more ways to earn perks and status than ever before. Understanding that no two travellers are alike, TrueBlue gives customers the ability to choose the rewards that are most valuable to them and earn points whether they fly, buy, drive or shop.

The customer loyalty offerings build on both airlines’ near decade of partnership, which delivers access between New York and Boston to Etihad’s global network of more than 70 destinations and over 40 destinations across JetBlue’s network within the Americas.

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JetBlue expands transatlantic service to Paris with launch of daily nonstop flight from Boston

JetBlue Airways has announced it has expanded its Paris service with its inaugural flight from Boston, which departed today from Boston Logan International Airport (BOS). JetBlue’s new flight between Boston and Paris Charles de Gaulle Airport (CDG) follows the successful launch of service from New York’s John F. Kennedy International Airport (JFK) last summer and further builds on its transatlantic offering from its Boston focus city. In addition to Paris, JetBlue offers daily service to London, Amsterdam, and most recently initiated seasonal service to Dublin from Boston.

In addition, JetBlue plans to add a second daily flight from New York’s JFK to Paris starting on June 20th.

Schedule between Boston (BOS) and Paris (CDG)

Daily service starting April 3, 2024 (Eastbound) & April 4, 2024 (Westbound) 

*all times local
BOS – CDG Flight #33CDG – BOS Flight #34
8:00 p.m. – 9:15 a.m. (+1)11:15 a.m. – 1:02 p.m.

Flights will operate daily on JetBlue’s Airbus A321 Long Range (LR) aircraft with 24 redesigned Mint Suite® seats, 114 core seats and the sleek and spacious Airspace cabin interior. The A321 – offering the range of a wide-body but with the economics of a single-aisle aircraft- allows JetBlue to effectively disrupt the transatlantic market with the airline’s award-winning service and low fares.

Réservez mieux avec JetBlue | Book Better with JetBlue

To celebrate the launch of new service to Paris, seats are on sale today with low fares for U.S.-originating travelers starting at $599 roundtrip for the airline’s award-winning core experience and starting at $2,499 for JetBlue’s premium Mint experience. France-originating travelers can enjoy special introductory roundtrip fares starting at €499 ($549) for core and €1,999 ($2,199) for Mint available on jetblue.com (a).

Customers who book directly through jetblue.com are guaranteed to find the airline’s best and lowest fares, and enjoy additional benefits including access to all of JetBlue’s fare options, as well as fare sales and promotions, some of which may not be available through other third-parties; the ability to earn 2x TrueBlue points and participate in Points Pooling; seamless seat selections and upgrades to Even More® Space; 24/7 direct access to JetBlue’s customer service channels; and more.

À Propos de Charles de Gaulle | About Charles de Gaulle

Charles de Gaulle airport is Europe’s second busiest international airport, serving more than 76 million travelers in 2019. JetBlue’s presence at Charles de Gaulle gives it visibility at an iconic global hub to build a new base of travelers in France and beyond.

JetBlue operates from Terminal 2B, which offers travelers a modern airport experience with dozens of shops, restaurants and easy access to a variety of convenient ground transportation options into the heart of Paris and other French regions.

JetBlue Airways aircraft photo gallery:

JetBlue takes off to Dublin

JetBlue Airways has announced it has expanded its transatlantic offerings with new, nonstop flights taking off from New York and Boston on March 13. Daily summer-seasonal service from New York’s John F. Kennedy International Airport (JFK) and Boston Logan International Airport (BOS) to Dublin Airport (DUB) will operate through September 30, 2024.

Schedule between New York (JFK) and Dublin (DUB)

Daily seasonal service starting March 13 (Eastbound) & March 14 (Westbound)

(through September 30, 2024) 

*all times local
JFK- DUB Flight #841DUB – JFK Flight #842
8:47 p.m. – 9:00 a.m. (+1)10:45 a.m. – 1:22 p.m.

Schedule between Boston (BOS) and Dublin (DUB)

Daily seasonal service starting March 13 (Eastbound) & March 14 (Westbound)

(through September 30, 2024) 

*all times local
BOS – DUB Flight #353DUB – BOS Flight #354
8:42 p.m. – 8:20 a.m. (+1)10:55 a.m. – 12:57 p.m.

Flights to Dublin will operate daily on JetBlue’s Airbus A321neo with Mint aircraft with 16 redesigned Mint Suite® seats, 144 core seats and Airbus’ Enhanced Cabin with XL Bins. 

JetBlue aircraft photo gallery:

JetBlue and Spirit call off their merger agreement

JetBlue Airways issued this statement:

JetBlue Airways today announced that it has reached an agreement with Spirit Airlines to terminate their July 2022 merger agreement.

Although both companies continue to believe in the procompetitive benefits of the combination, JetBlue and Spirit mutually agreed that terminating is the best path forward for both companies as required closing conditions, including receiving necessary legal and regulatory approvals, were unlikely to be met by the merger agreement’s outside date of July 24, 2024.

“We believed this merger was worth pursuing because it would have unleashed a national low-fare, high-value competitor to the Big Four airlines,” said Joanna Geraghty, chief executive officer, JetBlue. “We are proud of the work we did with Spirit to lay out a vision to challenge the status quo, but given the hurdles to closing that remain, we decided together that both airlines’ interests are better served by moving forward independently. We wish the very best going forward to the entire Spirit team.”

Under the agreement, JetBlue will pay Spirit $69 million and the termination resolves all outstanding matters related to the transaction and under which any claims between them will be mutually released.

“JetBlue has a strong organic plan and unique competitive advantages, including a beloved brand, a unique value proposition, and high-value geographies,” Geraghty continued. “We have already begun to advance our plan to restore profitability. We look forward to sharing more on our progress in the coming months.”

As outlined on the company’s fourth quarter earnings call, JetBlue is taking decisive action to return to sustained profitability and drive shareholder value. As part of this work, the company is refocusing on its core strengths – deepening its network relevance in proven geographies and better segmenting its product offerings to enhance its competitive position – while delivering meaningful cost savings.

To date, JetBlue has identified multiple near-term revenue initiatives for 2024, including increased distribution and partnerships, expanded loyalty program functionality, network initiatives, and ancillary initiatives, which will deliver over $300 million in revenue benefits. JetBlue also remains on track to deliver $175-200 million in cost savings from its structural cost program and $75 million in maintenance savings from its fleet modernization, as well as incremental savings from targeted fixed cost base reductions, positioning the company to approach breakeven operating margins in 2024. These initiatives are just the starting point as JetBlue rebuilds its long-term organic strategy with a renewed focus on driving sustained profitability for its crewmembers and investors.

JetBlue will hold an Investor Day on Thursday, May 30, 2024, to provide additional detail on its long-term strategy and ongoing revenue and cost initiatives. Further information regarding Investor Day will be shared with analysts and investors in the coming weeks.

Spirit Airlines issued this statement:

Spirit Airlines, Inc. today announced that its merger agreement with JetBlue Airways Corporation has been terminated by mutual agreement.  

“After discussing our options with our advisors and JetBlue, we concluded that current regulatory obstacles will not permit us to close this transaction in a timely fashion under the merger agreement,” said Ted Christie, Spirit’s President and Chief Executive Officer. “We are disappointed we cannot move forward with a deal that would save hundreds of millions for consumers and create a real challenger to the dominant “Big 4″ U.S. airlines. However, we remain confident in our future as a successful independent airline. We wish the JetBlue team well.”  

Christie continued, “Throughout the transaction process, given the regulatory uncertainty, we have always considered the possibility of continuing to operate as a standalone business and have been evaluating and implementing several initiatives that will enable us to bolster profitability and elevate the Guest experience. As we go forward, I am certain our fantastic Spirit team will continue delivering affordable fares and great experiences to our Guests.” 

Spirit is confident in its strengths and is focused on returning to profitability. The Company has been taking, and will continue to take, prudent steps to ensure the strength of its balance sheet and ongoing operations, including assessing options to refinance upcoming debt maturities. In that regard, Spirit has retained Perella Weinberg & Partners L.P. and Davis Polk & Wardwell LLP as advisors. As part of the termination, JetBlue will pay Spirit $69 million. While the merger agreement was in effect, Spirit stockholders received approximately $425 million in total prepayments.  

JetBlue and Empire State Development commemorate rebranded Terminal 5 Skywalk at New York’s JFK Airport

JetBlue Airways and Empire State Development marked a significant milestone yesterday as they unveiled the newly rebranded Skywalk at John F. Kennedy International Airport (JFK) Terminal 5 in New York. The Skywalk serves as a crucial link within Terminal 5, seamlessly connecting millions of travelers to and from parking garages, AirTrain services, and the broader NYC-metro area to the heart of JetBlue’s operations at JFK. The redesign and installation of the updated Skywalk were generously funded by Empire State Development, further underscoring the state’s commitment to enhancing travel experiences in partnership with JetBlue. The revitalized Skywalk, from its design to production and installation, was a collaborative effort involving the teams at Prophet and Jack Morton.

JetBlue takes pride in its role as New York’s Hometown Airline and celebrates the success of this partnership alongside Empire State Development and The Port Authority of New York and New Jersey. The new Skywalk branding incorporates innovative panels designed to enhance visual appeal while showcasing JetBlue’s distinctive and dynamic visual identity. In addition to serving as a functional pathway, the branding offers travel tips and destination insights, encouraging JetBlue customers to explore the diverse offerings of New York State. This commitment to New York is evident throughout the redesigned branding, reflecting JetBlue’s dedication not only to facilitating seamless travel but also to fostering a sense of pride in the state among its customers.

Jeff Goodell, JetBlue’s vice president of government and airport affairs, expressed gratitude for the enduring partnership with Empire State Development, emphasizing their shared goal of promoting New York as a vibrant and diverse destination. “By investing in this innovative and refreshed Skywalk at JFK’s Terminal 5,” Goodell remarked, “we aim to ensure that the many JetBlue customers who utilize this vital pedestrian connection recognize New York as a destination worth experiencing.”

In their long standing partnership, JetBlue and Empire State Development have consistently spotlighted the cultural richness and allure of New York State and New York City as premier travel destinations. This collaboration has yielded iconic initiatives such as the co-branded logo featuring JetBlue and the renowned “I Love New York” campaign, introduced in 2010. Building on this foundation, JetBlue unveiled its iconic ‘I Heart BLUE York’ special livery aircraft in 2011, an enduring symbol of the airline’s deep-rooted connection to New York.

JetBlue Airways aircraft photo gallery:

JetBlue pilots renew focus on negotiating a standalone contract

JetBlue Airways pilots, represented by the Air Line Pilots Association, Int’l (ALPA), announced their renewed focus on negotiating a standalone collective bargaining agreement with the Company. In light of uncertainties surrounding the acquisition and merger with Spirit Airlines, JetBlue pilot leaders are shifting their focus from negotiating a joint collective bargaining agreement for a combined JetBlue-Spirit pilot group to preparing to commence bargaining discussions for a successor JetBlue contract later this year. 

On January 24, a federal court in Boston issued a permanent injunction against the proposed merger of JetBlue and Spirit. Shortly thereafter, the two carriers filed a notice of appeal with the First Circuit, and sought and were granted expedited treatment by the Court of Appeals. Oral argument in the appeal is scheduled for June. A decision is widely expected prior to the July 24 termination date for the merger agreement between the airlines. In the event the merger is terminated, the JetBlue pilot group could begin contract negotiations with the Company as soon as August. 

Capt. Justin Houck, chair of the JetBlue unit of ALPA, stated, “When the merger was initially proposed, we opted for a short-term extension rather than a full comprehensive contract, anticipating a joint collective bargaining agreement post-merger. However, the court decision in January has altered the landscape significantly. Without the merger, our attention must shift to attaining our contractual objectives as a single unified pilot group.”

In January 2023, JetBlue pilots ratified a short-term contract extension that focused on immediate economic improvements ensuring that the JetBlue pilot pay would remain in line with the market for pilot compensation during a potentially lengthy merger process. Since that extension, pilots at other airlines—including at Delta and United—have negotiated contracts that not only further improve their compensation, but also work rules, quality of life, and benefits.

JetBlue Airways aircraft photo gallery:

Photo: JetBlue Airways Airbus A320-232 N706JB (msn 3451) (Peacock) LAX (Michael B. Ing). Image: 962422.

JetBlue Airways Airbus A320-232 N706JB (msn 3451) (Peacock) LAX (Michael B. Ing). Image: 962422.

“This Peacock Can Fly”, Peacock promotional livery unveiled on September 21, 2023.

Copyright Photo: JetBlue Airways Airbus A320-232 N706JB (msn 3451) (Peacock) LAX (Michael B. Ing). Image: 962422.

JetBlue Airways aircraft photo gallery:

JetBlue reports a net loss in the fourth quarter 2024

JetBlue Airways Corporation reported its financial results for the fourth quarter of 2023.

“We closed the year on a strong note thanks to the hard work and continued execution of our team as fourth quarter revenue and costs beat our expectations,” said Robin Hayes, JetBlue’s chief executive officer. “Looking ahead, I am confident that the next chapter of JetBlue, under Joanna’s leadership, will deliver a refreshed focus on our core customer, expanded opportunities for our crewmembers, and a return to JetBlue’s historical earnings power for our shareholders.”

“2024 is an important year of change for JetBlue and we are taking aggressive action, including launching $300 million of revenue initiatives, to return to profitability and deliver value for our shareholders. We are moving with renewed rigor and discipline as we refocus our energy and play to our strengths, further deepening our unique competitive positioning,” said Joanna Geraghty, JetBlue’s president and chief operating officer.

Fourth Quarter 2023 Financial Results

  • Net loss for the fourth quarter of 2023 under Generally Accepted Accounting Principles (“GAAP”) of $104 million or $(0.31) per share. Excluding special items, adjusted net loss for the fourth quarter of 2023 of $63 million (1) or $(0.19) per share.
  • Fourth quarter of 2023 capacity increased by 3.3% year-over-year.
  • Operating revenue of $2.3 billion for the fourth quarter of 2023, down 3.7% year-over-year.
  • Operating expense per available seat mile (“CASM”) for the fourth quarter of 2023 decreased 2.4% year-over-year.
  • Operating expense per available seat mile, excluding fuel and related taxes, other non-airline operating expenses, and special items (“CASM ex-Fuel”) (1) for the fourth quarter of 2023 increased 7.6% (1) year-over-year.
  • Average fuel price in the fourth quarter of 2023 of $3.08 per gallon, including hedges.

Fourth Quarter 2023 Key Highlights

  • Executed on Our Cost Initiatives
    • Achieved $70 million in cost savings under our structural cost program in 2023 keeping JetBlue on track to deliver run-rate savings of $175 million to $200 million by the end of 2024.
    • Realized $55 million in cumulative cost savings from our fleet modernization program, which is expected to deliver $75 million in cost savings through 2024 as we replace the Embraer E190s with the margin-accretive A220s.
  • Provided Exceptional Service for Our Customers
    • Delivered excellent operational performance in the fourth quarter with a completion factor of 99.8%, JetBlue’s best fourth quarter completion factor since 2004.
    • Recognized by “The Points Guy” with an Editors’ Choice Award for Best Economy Class across U.S. airlines for the fourth time.
    • Launched new TrueBlue® loyalty program offering new perks and options to customers, which to date has generated exceptional growth and engagement, particularly from Mosaic customers.
  • Initiated Strategic Network Changes
    • Redeployed assets to outperforming leisure and VFR routes and began the resizing of our presence at LaGuardia.
    • Expanded service to the Caribbean with new nonstop flights to St. Kitts and Nevis’s Robert Llewellyn Bradshaw International Airport from New York’s John F. Kennedy International Airport (JFK), as well as new routes between the Dominican Republic and Orlando, Grenada and Boston Logan International Airport (BOS), the Bahamas and Los Angeles and Belize City and JFK.
    • Added new transatlantic destinations with daily service between JFK and Paris Charles de Gaulle, JFK and Amsterdam Schiphol Airport (AMS), and BOS and AMS, in addition to the announcement of two new seasonal routes to Dublin and Edinburgh, both launching in Spring 2024.
  • Advanced Our Progress as a Sustainability Leader
    • Reduced our 2023 carbon emissions by 6% versus 2019 levels driven by fleet upgrades, a doubling of our use of sustainable aviation fuel versus 2022, and fuel optimization efforts.
    • Furthered efforts to diversify our talent pool and boost career accessibility in pilot and technician roles through our Gateways Program, with two-thirds of participants from underrepresented groups.

Balance Sheet and Liquidity

  • Reached agreement to defer ~$2.5 billion of planned aircraft capital expenditures from 2024 – 2027 to 2028 and thereafter, providing a more consistent level of annual aircraft deliveries through the end of the decade.
  • Ended the fourth quarter with $1.7 billion in unrestricted cash, cash equivalents, short-term investments, and long-term marketable securities (excluding our $600 million undrawn revolving credit facility).

Outlook

“As we look ahead in 2024, we are seeing positive momentum in our revenue growth. Demand during peak periods remains strong, and we continue to manage our capacity during off-peak periods to reflect evolving demand trends. We plan to continue to refine our network and product offering to better serve our leisure customers while diversifying revenues with margin-accretive initiatives,” continued Geraghty.

First Quarter and Full Year 2024 OutlookEstimated 1Q 2024Estimated FY 2024
Available Seat Miles (ASMs) Year-Over-Year(6.0%) – (3.0%)Down low single digits
Revenue Year-Over-Year(9.0%) – (5.0%)~Flat
CASM Ex-Fuel (1) Year-Over-Year (2)9.0% – 11.0%Up mid-to-high single 
digits
Fuel Price per Gallon (3), (4)$2.87 – $3.02
Adjusted Operating Margin (1)Approaching breakeven
Capital Expenditures~$250 million~$1.6 billion