JetBlue - Profitability Distant but Scope for Recovery Prospects to Become Clearer Through 2024

US Airlines - Second Tier Strives for Financial Sustainability

Founder & Managing Director, AIR Control Tower, AIR Control Tower

Neil Glynn

Founder & Managing Director, AIR Control Tower

AIR Control Tower

AIR Control Tower is an independent research and analysis platform. Its mission is to provide impactful insight and analysis across the global airline industry at a company and market level via detailed financial models to aid decision making for key stake holders at a time when risks have seldom, if ever, been higher and the global sector grapples with the imperative of funding de-carbonisation. Unique analysis forecasting global carrier-level earnings/cash flows, and restructuring/de-leveraging prospects, is designed to dynamically assess the health of the industry, predict surprises and identify potential requirements for third party support.

Insights on the global airline industry

Equity Bottom-Up

<ul>
<li>1Q24 upgrade from JetBlue increases our confidence that consensus is too low for 2024.</li>
<li>Investor Day on 30 May will provide the next leg of revenue self-help initiatives.</li>
<li>We model a minor net profit of $22m in 2025, versus consensus expectations for further losses, and the next 3 months are crucial for the carrier's long-term prospects.</li>
</ul>


1Q24 upgrade from JetBlue increases our confidence that consensus is too low for 2024.
Investor Day on 30 May will provide the next leg of revenue self-help initiatives.
We model a minor net profit of $22m in 2025, versus consensus expectations for further losses, and the next 3 months are crucial for the carrier's long-term prospects.


JetBlue – Positive 1Q Momentum Inspires Confidence 2024 Can Beat Expectations

Jetblue Airways

JetBlue – Positive 1Q Momentum Inspires Confidence 2024 Can Beat Expectations