JetBlue expects a 33% revenue drop in Q2
An American low-cost carrier JetBlue (JBLU) forecasts its revenue will drop down by up to 33% in Q2 2021 in comparison to the same period pre-pandemic.
Even though the Long Island City-based airline has seen a continued improvement in bookings during the recent weeks of June 2021, it has counted that it will possibly end the Q2 2021 with a significant revenue decline. JetBlue (JBLU) forecasted that it will end the quarter with 30%-33% lower compared to the same period of 2019.
However, the recent expectations are in line with the prior calculations. Initially, JetBlue (JBLU) was expecting to see its revenue decline between 30% and 35%. As for capacity levels, the airline continues to expect operating capacity for Q2 to decrease by up to 15%, when compared to the pre-pandemic times.
Simultaneously, the second-quarter costs of JetBlue (JBLU) will likely decrease by 7% compared to 2019.
“JetBlue (JBLU) continues to believe demand and revenue recovery may be non-linear and may not be able to predict changes to revenue due to additional Covid-19-related disruptions or other factors,” the airline announced in its statement but did not provide further financial guidance.
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