Tag Archives: JetBlue Airways

JetBlue to fly to Georgetown, Guyana

JetBlue Airways today announced it is again expanding its large Latin America and Caribbean network with new nonstop service between New York’s John F. Kennedy International Airport (JFK) and Georgetown, Guyana’s Cheddi Jagan International Airport (GEO). Flights will operate daily on JetBlue’s new A321neo aircraft beginning April 2, 2020 with seats available for purchase in the U.S.starting today.

Routes from JFK:

Guyana becomes the fourth country in South America JetBlue serves and grows the airline’s presence in Latin America and Caribbean where it is a leading carrier serving nearly 40 destinations. The new nonstop flight between New York City and Georgetown will be made possible by the A321neo’s extended range and fuel efficiency.

Schedule between New York (JFK) and Georgetown (GEO)

Beginning April 2, 2020

JFK – GEO Flight #1965

GEO – JFK Flight #1966

11:55 p.m. – 5:58 a.m. (+1)

7:20 a.m. – 1:09 p.m.

New Flying Opportunities with Comfort and Connectivity

The A321neo – the newest aircraft type to join JetBlue’s growing fleet of more than 250 aircraft – boasts a 20% increase in fuel efficiency which supports some 500 nautical miles of extended range. The longer-range flying capabilities of the A321neo open up a host of new markets which JetBlue’s existing fleet could not serve with nonstop flights, including recently announced service between New York-JFK and Guayaquil, Ecuador, launching this December. Additionally, each JetBlue Airbus A321neo will be powered by two Pratt & Whitney GTF engines, which produce a smaller noise footprint and lower operating costs when compared with today’s engines.

Inside the aircraft, JetBlue’s award-winning comfort and connectivity will be the focus of the onboard customer experience. The A321neo will feature the Collins Meridian seat – which is the widest seat available for the single aisle Airbus family of aircraft – with enhanced cushion comfort, adjustable headrests, power connections at every seat and the most legroom in coach (b). Inflight entertainment will be powered by Thales AVANT and ViaSat-2 connectivity. With this system – featuring 10.1 inch, 1080P high definition screens, more than 100 channels of live television with DVR-like pause and rewind functionality, picture-in-picture function and more – JetBlue will offer customers expanded entertainment choices in nearly every region the airline flies (c). JetBlue is the only major U.S. airline with seatback entertainment screens at every seat on every aircraft.

JetBlue Airways aircraft photo gallery:

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JetBlue announces launch of cargo service with Aeronex Cargo

JetBlue Airways has announced it will partner with Aeronex Cargo LLC to launch a new cargo offering. Aeronex Cargo, based in Miami, are specialists in delivering turnkey air cargo managed services to low-cost airlines and will focus on providing fast and reliable air cargo services to the registered freight forwarders as well as known shippers.

Cargo services will begin with a traditional air-to-air offering in Fort Lauderdale-Hollywood International Airport (FLL). This service will first be expanded with a drop-off point at Miami International Airport (MIA), one of the top five busiest cargo airports in America, where Aeronex Cargo will pick up and transport goods to Fort Lauderdale. By the end of this year, JetBlue and Aeronex Cargo expect to open additional cargo operations in John F. Kennedy International Airport (JFK), Los Angeles International Airport (LAX) and Boston Logan International Airport (BOS).

Over the next few years, JetBlue and Aeronex Cargo will evaluate opportunities to expand the cargo operation to nearly 30 cities across the airline’s network where there is high shipping demand.

JetBlue aircraft photo gallery:

JetBlue announces second quarter 2019 results

 

JetBlue Airways Corporation today reported its results for the second quarter 2019:

  • Reported diluted earnings per share of $0.59 in the second quarter of 2019 compared to a diluted loss per share of $0.39 in the second quarter of 2018. Adjusted diluted earnings per share was $0.60(1) in the second quarter of 2019 versus $0.37(1) in the second quarter of 2018. Note A to this earnings release includes the GAAP to Non-GAAP reconciliation between reported and adjusted diluted earnings per share.
  • GAAP pre-tax income of $236 million in the second quarter of 2019, compared to a pre-tax loss of $162 million in the second quarter of 2018. Excluding the one-time costs, adjusted pre-tax income of $238 million(1), an increase of 52% from the second quarter of 2018.
  • Pre-tax margin of 11.2%, inclusive of the one-time costs, up from pre-tax margin of (8.4%) in the second quarter of 2018. Adjusted pre-tax margin of 11.3%(1), a 3.2 percentage point increase year over year.

Highlights from the Second Quarter 2019

  • Second quarter 2019 revenue per available seat mile (RASM) increased 3.1% year over year, driven by holiday calendar placement and strong close-in trends. This increase is above the mid-point of our original guidance range of 1.0% to 4.0%.
  • Operating expenses per available seat mile, excluding fuel (CASM ex-fuel) (1) increased 1.8%, better than the mid-point of our initial guidance range of 1.5% to 3.5%. This increase is mainly driven by pilot contract costs, offset by ramping benefits of the Structural Cost Program and the favorable timing of expenses.

Key Guidance for the Third Quarter and Full Year 2019:

  • Capacity is expected to increase between 3.0% and 5.0% year over year in the third quarter 2019. For the full year 2019, JetBlue expects capacity to increase between 5.5% and 6.5%.
  • RASM growth is expected to range between 0.5% and 3.5% for the third quarter 2019 compared to the same period in 2018.
  • CASM ex-fuel is expected to increase between 0.5% and 2.5% for the third quarter of 2019, due to approximately 1.5 points related to the timing of expenses moving from the first half, and lower capacity during the period. For the full year 2019, JetBlue expects year over year CASM ex-fuel to grow between 0.5% and 1.5%.

Executing our Plan to Reach our EPS Commitments

“Thanks to the hard work of our crewmembers, JetBlue is consistently recognized as one of the best airlines in the world. We are excited with the progress we are making on our ‘building blocks’ and towards our 2020 financial goals. As we look to the second half of 2019, we expect a return to margin expansion and EPS growth,” said Robin Hayes, JetBlue’s Chief Executive Officer.

“Airbus has recently communicated additional A321neo delays that will reduce our 2020 growth plans and naturally add pressure to our CASM ex-fuel. Despite these delays, we remain confident that we can execute both our unit cost commitments and achieve our $2.50 to $3.00 earnings per share target for 2020.”

“We believe our work is positioning us for success into the next decade. Next year we anticipate the first delivery of our margin-accretive A220s, a game-changing aircraft to further help us reduce our unit costs, improve our margins and increase our EPS. We are thrilled that we recently converted 13 additional A321s in our existing order book to A321 XLRs, and we expect to begin our European service by adding London from Boston and New York starting in 2021.”

Revenue Performance and Outlook

“During the second quarter our capacity grew 5.9 percent, slightly over the mid-point of our guidance range of 4.5 to 6.5 percent. This was due to a solid completion factor in the quarter, despite runway construction in Fort Lauderdaleand JFK, and smaller projects elsewhere in our network,” said Joanna Geraghty, JetBlue’s President and Chief Operating Officer.

“We continue to adapt to an always changing industry environment. This quarter we saw new challenges in the Caribbean, in Punta Cana leisure markets. Leisure is an important part of our business, but the majority of our traffic to the Dominican Republic is VFR, or ‘visiting friends and relatives’ that has proven to be more resilient.

Looking into the third quarter, we expect RASM growth between 0.5 and 3.5 percent year over year. The third quarter guidance includes our expectation for continued close-in strength and a 0.75 percentage point headwind largely from Punta Cana. We expect the benefits of our network reallocation efforts will continue to ramp, and we are pleased with the ancillary changes we implemented last year.”

Cost Performance, Outlook and Balance Sheet

“Our second quarter CASM ex-fuel represents a unit cost increase below the mid-point of our guidance range. For the third quarter, we expect CASM ex-fuel growth to range between 0.5 and 2.5 percent. Our guidance includes approximately 1.5 percentage points of maintenance and marketing expenses that has shifted to the third quarter from earlier in the year. Our capacity growth is unusually low this quarter. Our lower capacity is driven both by NEO delivery delays, and our decision earlier in the year to moderate off-peak capacity to support our RASM and margins,” said Steve Priest, JetBlue’s EVP Chief Financial Officer.

“We have made significant progress in our Structural Cost Program over the past six months. We are pleased to report that we have now achieved $257 million dollars in run rate savings by 2020. We are pleased to have recently signed a long-term engine maintenance agreement covering over half of our V2500 engines, which serve our current Airbus fleet. We expect CASM ex-fuel growth of 0.5 to 1.5 percent for 2019 despite A321neo delivery delays.”

Capital Allocation and Liquidity

JetBlue ended the quarter with approximately $909 million in unrestricted cash, cash equivalents, and short term investments, or 11.4% of trailing twelve month revenue. In addition, at the end of the quarter, JetBlue maintained approximately $625 million in undrawn lines of credit. JetBlue repaid $49 million in regularly scheduled debt and capital lease obligations for the second quarter.

Fuel Expense and Hedging

The realized fuel price in the quarter was $2.16 per gallon, a 5.3% decline versus second quarter 2018 realized fuel price of $2.28.

JetBlue has not entered into forward fuel derivative contracts to hedge its fuel consumption for the third quarter of 2019. Based on the forward curve as of July 12th, JetBlue expects an average all-in price per gallon of fuel of $2.18in the third quarter of 2019.

JetBlue to start Guadeloupe service on February 1, 2020

JetBlue Airways today announced the airline is celebrating Bastille Day with seats now on sale to Guadeloupe in the French Caribbean. JetBlue will expand the airline’s leadership position in the Caribbean and Latin America with new service between New York’s John F. Kennedy International Airport (JFK) and Guadeloupe’s Pointe-à-Pitre International Airport (PTP). Roundtrip flights will operate three times per week on Saturdays, Mondays and Wednesdays starting February 1, 2020.

Photo: Guadeloupe Islands.

Seen from above, the two main islands of Guadeloupe form the shape of butterfly wings. On the west side, Basse-Terre is set on a volcano range, topped by La Soufrière at the heart of dense tropical forests. The rainforest-covered mountain range form part of a national park, which includes many hiking trails. To the east, just across the narrow la Rivière Salée, Grande-Terre is set on a vast limestone plateau bordered by perfect beaches, turquoise lagoons which share the coastline with amazing surfing spots and unforgettable landscapes. The smaller, but equally beautiful islands of Marie Galante, Les Saintes and La Désirade are just a short ferry ride from the main islands.

Culturally, the Guadeloupe Islands are bound together by a rich ethnic diversity that characterizes their folklore, language, music and beliefs. A land of many influences — African, European, Indian, American and the Far East — the Guadeloupe archipelago has a multi-faceted identity where Indian rites, African memory and the rule of the 17th century colonists are part of everyday life.

Schedule between New York (JFK) and Pointe-à-Pitre, Guadeloupe (PTP)
On Saturdays, Mondays and Wednesdays Beginning February 1, 2020

JFK – PTP Flight #2205

PTP – JFK Flight #2206

7:00 a.m. – 12:20 p.m.

1:40 p.m. – 5:20 p.m.

JetBlue will operate Guadeloupe service using its Airbus A320 aircraft.

JetBlue takes delivery of its first Airbus A321neo, adds a new tail fin design

JetBlue's first Airbus A321neo, delivered on June 29, 2019 with a new tail fin

JetBlue Airways today (June 29) quietly took delivery of its first Airbus A321neo which will allow the carrier to launch new longer routes, especially London.

The pictured N2002J, with a new unnamed tail fin design, arrived at the New York JFK base this afternoon.

Airbus and JetBlue have not yet announced the delivery or the name of the new design.

Copyright Photo: JetBlue Airways Airbus A321-271NX WL N2002J (msn 8823) JFK (Fred Freketic). Image: 946819.

JetBlue aircraft slide show:

JetBlue Airways to fly to Guadeloupe

JetBlue Airways today announced it intends to grow its already expansive footprint in the Caribbean with new, nonstop seasonal winter service between New York’s John F. KennedyInternational Airport (JFK) and Guadeloupe’s Pointe-à-Pitre International Airport (PTP) (a). Three times weekly service is expected to launch in February 2020 with seats set to go on sale in the coming weeks.

JetBlue will be the only airline to operate flights between the northeastern U.S. and Guadeloupe, one of the French overseas islands, which is often considered one of the Caribbean’s best-kept secrets. Situated just four and a half hours from New York by air, Guadeloupe is made up of two major islands – Basse-Terre and Grande Terre separated by the narrow la Rivière Salée – surrounded by a string of smaller inhabited and uninhabited islands.

JetBlue will operate Guadeloupe service using its Airbus A320 aircraft.

Photo: Guadeloupe.

JetBlue relocates in Houston with move to George Bush Intercontinental Airport and adds new route to Costa Rica

JetBlue Airways Airbus A320-232 N584JB (msn 2149) (Highrise) LGB (Michael B. Ing). Image: 946259.

JetBlue Airways today announced that the airline’s operations in Houston will relocate from William P. Hobby Airport (HOU) to George Bush Intercontinental Airport (IAH) later this year.

The final day of flying at Hobby Airport will be on October 26, 2019 and the first day of flying at Bush Intercontinental will be on October 27, 2019. JetBlue plans to operate from Bush Intercontinental’s Terminal A.

Schedule between New York (JFK) and Houston (IAH)
Beginning October 27, 2019

JFK – IAH Flight #1381

IAH – JFK Flight #1382

1:00 p.m. – 4:10 p.m.

11:13 a.m. – 3:35 p.m.

Schedule between Boston (BOS) and Houston (IAH)
Beginning October 27, 2019

BOS – IAH Flight #1931

IAH – BOS Flight #1932

7:00 a.m. – 10:13 a.m.

4:55 p.m. – 9:32 p.m.

 

Connecting Costa Rica with New York-JFK

JetBlue today also announced it will introduce new nonstop service between New York’s John F. Kennedy Airport (JFK) and San José, Costa Rica’s Juan Santamaría International Airport (SJO) beginning November 1, 2019. Service will operate three times weekly on Fridays, Sundays and Tuesdays.

New York-JFK service in San José will complement JetBlue’s daily service between Costa Rica’s capital and the airlines’ focus cities in Fort Lauderdale/Hollywood and Orlando. Additionally, JetBlue also offers nonstop service, including seasonal Mint flights, to Liberia, Costa Rica from the airline’s home at New York-JFK. JetBlue first began serving Costa Rica with San José service more than a decade ago in March 2009.

Schedule between New York (JFK) and San José (SJO)
On Fridays, Sundays and Tuesdays Beginning November 1, 2019

JFK – SJO Flight #1793

SJO – JFK Flight #1794

6:25 p.m. – 10:50 p.m.

11:59 p.m. – 6:09 a.m. (+1)

JetBlue will operate both Houston and San José flights using its Airbus A320 aircraft.

Top Copyright Photo: JetBlue Airways Airbus A320-232 N584JB (msn 2149) (Highrise) LGB (Michael B. Ing). Image: 946259.

JetBlue aircraft slide show: