JetBlue’s fourth-quarter results beat expectations, but the outlook for a key revenue metric was below forecasts.

JetBlue’s earnings results for the last quarter were better than analysts’ expectations to lose $0.29 per share. The company did miss its revenue target as year-over-year sales dropped by -2.1%. This marks five out of six quarters of declining revenue as JetBlue focuses on a balance sheet turnaround.

JetBlue said it was expecting a weaker first-quarter while executives said they believed the carrier’s turnaround plan would eventually deliver long-term profitability.

JetBlue Airways (NASDAQ: JBLU) Q4 2024 Earnings Call Jan 28, 2025, 10:00 a.m. ET Good morning. My name is Krista, and I will be your conference operator today. I would like to welcome everyone to the JetBlue Airways fourth quarter 2024 earnings conference call. As a reminder, today's call is being recorded.

Shares of JetBlue tumbled Tuesday morning after the airline's downbeat outlook for the first quarter and upcoming fiscal year overshadowed a better fourth quarter than analysts had expected.

JetBlue announced a three-day winter sale on Tuesday, with one-way fares out of Boston for as low as $49. The deal, which ends Jan. 30, is valid for trips taken between Feb. 3 and April 9 and excludes Friday and Sunday travel.

JetBlue is looking to trim its pilot ranks with voluntary separations for some of the carrier’s more senior aviators.

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The airline unveiled the lounge plans last year as part of its larger JetForward effort to boost operating profits by $800 to $900 million by 2027. New premium offerings, including the lounges, are estimated to bring in a roughly $400 million lift.

JetBlue Airways forecast higher costs and unit revenue below analysts' expectations for the first quarter on Tuesday, sending the New York-based carrier's shares down 14% in morning trade.

The latest promotion also comes as JetBlue rolled out the ability to pay for flights with Venmo, the popular peer-to-peer payment app. Venmo is now present as a payment option on JetBlue’s website, though it will also become available on the airline’s mobile app later this year.

The airline is in the middle of a plan to reduce costs by culling unprofitable routes and drumming up revenue with higher-priced seats.