JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (2024)

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (1)Apr 23, 2024, 7:57 am

#1

ncorman

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JetBlue lowers 2024 revenue outlook

JetBlue Airways shares tumbled more than 12% in early trading Tuesday after the airline lowered its 2024 revenue forecast, a setback as it tries to return to profitability.

The carrier said second-quarter revenue would likely drop as much as 10.5% on the year, more than double the decline analysts polled by LSEG expected. New York-JetBlue forecast full-year sales would drop in the low single digits, also below Wall Street expectations, after estimating flat sales for the year in its January report.

https://www.cnbc.com/2024/04/23/jetb...e-outlook.html

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (3)Apr 23, 2024, 4:53 pm

#2

michael1023

Join Date: Nov 2018

Location: New York

Posts: 815

i mean trying to nickel and dime people with dynamic bag prices doesn't help me choose them more to fly honestly...

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (5)Apr 24, 2024, 5:17 am

#3

Jimval26

Join Date: Feb 2019

Location: Connecticut

Programs: JetBlue

Posts: 123

Originally Posted by michael1023

i mean trying to nickel and dime people with dynamic bag prices doesn't help me choose them more to fly honestly...

Actually there aren't many reasons to fly Jetblue anymore. Jetblue is a perfect example of how to take a very good airline and turn it into a very bad airline.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (7)Apr 24, 2024, 11:39 am

#4

GW McLintock

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When the flight attendants voted to unionize in 2018, I said that JetBlue will file bankruptcy within 10 years. Notwithstanding COVID, I stand by my prediction, especially now with Geraghty at the wheel.

-J.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (11)Apr 24, 2024, 4:18 pm

#5

shoodawg

Join Date: Aug 2003

Posts: 2,418

If you can’t deliver what you sold you shouldn’t survive.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (13)Apr 24, 2024, 7:06 pm

#6

soy

Join Date: Dec 2008

Location: DUB-BOS

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The new DoT rules will further punish airlines like B6 with incompetent Ops

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (15)Apr 25, 2024, 8:50 am

#7

Jimval26

Join Date: Feb 2019

Location: Connecticut

Programs: JetBlue

Posts: 123

Originally Posted by soy

The new DoT rules will further punish airlines like B6 with incompetent Ops

Jetblue will no longer be allowed to steal tax money!

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (17)Apr 25, 2024, 9:52 am

#8

shoodawg

Join Date: Aug 2003

Posts: 2,418

Originally Posted by Jimval26

Jetblue will no longer be allowed to steal tax money!

too funny. More for the other corps to take.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (19)Apr 27, 2024, 9:45 am

#9

wingnuthead

Join Date: Dec 2016

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Originally Posted by GW McLintock

When the flight attendants voted to unionize in 2018, I said that JetBlue will file bankruptcy within 10 years. Notwithstanding COVID, I stand by my prediction, especially now with Geraghty at the wheel.

-J.

Yes, unfortunately, you're probably correct. The company has completely lost its way and its personality. Other than seat pitch, there's zero real differentiation between them and nearly all domestic carriers (except how unreliable they are!)

And their expansion to EU destinations seems completely meaningless to me at least. Too little too late for anyone to actually care

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (21)Apr 27, 2024, 8:27 pm

#10

GW McLintock

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Originally Posted by wingnuthead

Yes, unfortunately, you're probably correct. The company has completely lost its way and its personality. Other than seat pitch, there's zero real differentiation between them and nearly all domestic carriers (except how unreliable they are!)

And their expansion to EU destinations seems completely meaningless to me at least. Too little too late for anyone to actually care

I get that most of us are totally disillusioned with JetBlue (myself especially) but your comments IMO are totally off. Seat pitch is generally not a differentiatior for them anymore since they are down to 32" on most aircraft in standard seats, which is the industry standard these days. Their built-in IFE is still superior to just about everyone else and they are the only airline with fleet-wide complimentary wifi (since I think Delta isn't quite there yet). I've always said once you're on the plane and in the air, JetBlue is as good as it gets in terms of inflight experience. They still have some of the best flight attendants in the industry. It's everything else that's a nightmare.

-J.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (25)Apr 27, 2024, 8:37 pm

#11

shoodawg

Join Date: Aug 2003

Posts: 2,418

Originally Posted by GW McLintock

I get that most of us are totally disillusioned with JetBlue (myself especially) but your comments IMO are totally off. Seat pitch is generally not a differentiatior for them anymore since they are down to 32" on most aircraft in standard seats, which is the industry standard these days. Their built-in IFE is still superior to just about everyone else and they are the only airline with fleet-wide complimentary wifi (since I think Delta isn't quite there yet). I've always said once you're on the plane and in the air, JetBlue is as good as it gets in terms of inflight experience. They still have some of the best flight attendants in the industry. It's everything else that's a nightmare.

-J.

agreed except for on flights where mint was sold and then flight operated with non-mint aircraft. Bad form.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (27)Apr 27, 2024, 9:05 pm

#12

GW McLintock

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Originally Posted by shoodawg

agreed except for on flights where mint was sold and then flight operated with non-mint aircraft. Bad form.

That's obviously a special case and still doesn't reflect on the actual inflight experience. Even if you're stuck in coach it's better than if you were in coach on United. Mint is obviously the best transcon J inflight product (specifically inflight... and not on the ground, so no need to discuss the lack of lounges, etc.) (and I specifically mentioned J since AA has a 3-cabin aircraft for now).

-J.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (31)May 20, 2024, 9:04 pm

#13

rewardtrek

Join Date: May 2024

Posts: 11

I tried JetBlue because of the status match, I thought the Mint suites were competitive. I wonder how many fliers JetBlue were able to get through the status match towards the end of last year.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (33)May 21, 2024, 8:04 pm

#14

skydelt

Join Date: Jul 2019

Programs: Hyatt Globalist, B6 Mosaic 2, AS MVP Gold

Posts: 277

Originally Posted by GW McLintock

When the flight attendants voted to unionize in 2018, I said that JetBlue will file bankruptcy within 10 years. Notwithstanding COVID, I stand by my prediction, especially now with Geraghty at the wheel.

-J.

I was very skeptical of Geraghty (how do you promote a COO of an airline that's notorious for bad ops?), but St. George coming back to B6 gives me enough faith that they'll fend off bankruptcy. I don't think it's going to be an easy few years for them, but his turnaround work with LATAM was second to none.

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JetBlue lowers 2024 revenue outlook - FlyerTalk Forums (35)May 22, 2024, 11:09 am

#15

GW McLintock

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Originally Posted by skydelt

I was very skeptical of Geraghty (how do you promote a COO of an airline that's notorious for bad ops?), but St. George coming back to B6 gives me enough faith that they'll fend off bankruptcy. I don't think it's going to be an easy few years for them, but his turnaround work with LATAM was second to none.

It could go either way at this point. A lot of surprises out of left field lately. Perhaps there is still hope.

Southwest just announced they are open to a M&A activity, but I definitely don't think it will be JetBlue.

-J.

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