JetBlue Airways Full Year 2022 Earnings: EPS Misses Expectations
JetBlue Airways (NASDAQ:JBLU) Full Year 2022 Results
Key Financial Results
Revenue: US$9.16b (up 52% from FY 2021).
Net loss: US$362.0m (loss widened by 99% from FY 2021).
US$1.12 loss per share (further deteriorated from US$0.57 loss in FY 2021).
JBLU Operational Performance
Available seat kilometres (ASK): 103.76b (up 19% from FY 2021).
Passenger load factor: 81.5% (up from 76.0% in FY 2021).
Operating revenue per available seat kilometre (Oper. RASK): US$0.088 (up from US$0.069 in FY 2021).
Total aircraft: 290 (up by 8 from FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JetBlue Airways EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Airlines industry in the US.
Performance of the American Airlines industry.
The company's shares are down 7.1% from a week ago.
We should say that we've discovered 1 warning sign for JetBlue Airways that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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