JetBlue Airways Files 8-K Report
Ticker: JBLU · Form: 8-K · Filed: Sep 5, 2024 · CIK: 1158463
| Field | Detail |
|---|---|
| Company | Jetblue Airways CORP (JBLU) |
| Form Type | 8-K |
| Filed Date | Sep 5, 2024 |
| Risk Level | low |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.01, $300 million, $2,000 million, $765 million, $460 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, financial-statements, exhibits
Related Tickers: JBLU
TL;DR
JetBlue filed a routine 8-K, mostly exhibits. No major news.
AI Summary
On September 5, 2024, JetBlue Airways Corp. filed an 8-K report. The filing primarily concerns financial statements and exhibits, indicating a routine update or disclosure rather than a significant event. No specific financial figures or material business changes were detailed in the provided excerpt.
Why It Matters
This filing serves as a public record of JetBlue's corporate actions and financial disclosures, important for investors and analysts tracking the company's regulatory compliance and reporting.
Risk Assessment
Risk Level: low — The filing appears to be a standard regulatory submission with no immediate indication of significant financial distress or operational changes.
Key Numbers
- 000-49728 — SEC File Number (Identifies JetBlue's filing with the SEC.)
- 87-0617894 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- JetBlue Airways Corp. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 27-01 Queens Plaza North (address) — Principal executive offices
- Long Island City (city) — Principal executive offices
- New York (state) — Principal executive offices
- 11101 (zip_code) — Principal executive offices
- 718-286-7900 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report information under Regulation FD Disclosure and to file Financial Statements and Exhibits.
When was this 8-K report filed?
This 8-K report was filed on September 5, 2024.
What is JetBlue Airways Corp.'s principal executive office address?
JetBlue Airways Corp.'s principal executive office is located at 27-01 Queens Plaza North, Long Island City, New York 11101.
What is the SEC file number for JetBlue Airways Corp.?
The SEC file number for JetBlue Airways Corp. is 000-49728.
Does this filing indicate any immediate material changes for JetBlue?
Based on the provided excerpt, the filing primarily concerns financial statements and exhibits, suggesting a routine disclosure rather than an immediate material event.
Filing Stats: 2,099 words · 8 min read · ~7 pages · Grade level 14.5 · Accepted 2024-09-05 07:00:26
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value JBLU The NASDAQ Stock Market
- $300 million — progress from its previously announced $300 million worth of revenue initiatives. The Compa
- $2,000 million — ugust. In August 2024, JetBlue issued $2,000 million aggregate principal amount of senior se
- $765 million — cured notes due 2031 and entered into a $765 million term loan credit and guaranty agreement
- $460 million — turing in 2029. The Company also issued $460 million aggregate principal amount of its 2.50%
- $370 million — interest expense to be in the range of $370 million to $380 million for the full year, as c
- $380 million — e to be in the range of $370 million to $380 million for the full year, as compared to a pre
- $320 — a previous management assumption (1) of $320 to $330 million. The table below prov
- $330 million — us management assumption (1) of $320 to $330 million. The table below provides JetBlue's u
- $2.70 — - 8.0% Fuel Price per Gallon (4), (5) $2.70 - $2.80 $2.82 - $2.97 Interest Expense
- $2.80 — Fuel Price per Gallon (4), (5) $2.70 - $2.80 $2.82 - $2.97 Interest Expense $100 -
- $2.82 — rice per Gallon (4), (5) $2.70 - $2.80 $2.82 - $2.97 Interest Expense $100 - $110 m
- $2.97 — Gallon (4), (5) $2.70 - $2.80 $2.82 - $2.97 Interest Expense $100 - $110 million -
- $100 — - $2.80 $2.82 - $2.97 Interest Expense $100 - $110 million - Capital Expenditures
- $110 million — $2.82 - $2.97 Interest Expense $100 - $110 million - Capital Expenditures Unchanged ~$36
Filing Documents
- jblu-20240905.htm (8-K) — 52KB
- jetforwardstrategy_exvff.htm (EX-99.1) — 26KB
- jblu-20240905_g1.jpg (GRAPHIC) — 86KB
- jetforwardstrategy_exvff001.jpg (GRAPHIC) — 46KB
- jetforwardstrategy_exvff002.jpg (GRAPHIC) — 322KB
- jetforwardstrategy_exvff003.jpg (GRAPHIC) — 134KB
- jetforwardstrategy_exvff004.jpg (GRAPHIC) — 117KB
- jetforwardstrategy_exvff005.jpg (GRAPHIC) — 118KB
- jetforwardstrategy_exvff006.jpg (GRAPHIC) — 119KB
- jetforwardstrategy_exvff007.jpg (GRAPHIC) — 145KB
- jetforwardstrategy_exvff008.jpg (GRAPHIC) — 116KB
- jetforwardstrategy_exvff009.jpg (GRAPHIC) — 122KB
- jetforwardstrategy_exvff010.jpg (GRAPHIC) — 175KB
- jetforwardstrategy_exvff011.jpg (GRAPHIC) — 143KB
- jetforwardstrategy_exvff012.jpg (GRAPHIC) — 114KB
- jetforwardstrategy_exvff013.jpg (GRAPHIC) — 167KB
- jetforwardstrategy_exvff014.jpg (GRAPHIC) — 86KB
- jetforwardstrategy_exvff015.jpg (GRAPHIC) — 197KB
- jetforwardstrategy_exvff016.jpg (GRAPHIC) — 27KB
- 0001158463-24-000020.txt ( ) — 3376KB
- jblu-20240905.xsd (EX-101.SCH) — 2KB
- jblu-20240905_lab.xml (EX-101.LAB) — 21KB
- jblu-20240905_pre.xml (EX-101.PRE) — 12KB
- jblu-20240905_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. JetBlue Airways Corporation ("JetBlue" or the "Company") announced today an operational and financial update of its expected third quarter 2024 results. The Company's operational performance over the summer travel season improved year-over-year, as evidenced by an improvement to on-time performance by approximately ten points year-over-year. This was enabled by JetBlue's heightened focus on offering reliable and caring service as a core pillar of its JetForward strategy. JetBlue's revenue performance quarter-to-date was benefited by several factors, including improving in-month bookings, particularly in the Latin region, and continued progress from its previously announced $300 million worth of revenue initiatives. The Company also recognized revenue uplift from the re-accommodation of customers affected by other airlines' cancellations due to technology outages in July. JetBlue's quarter-to-date expenses declined due to moderating fuel prices since the start of the third quarter. Non-fuel unit costs improved by one point versus expectations as benefits from focused efforts on cost control and operational reliability were partially offset by weather-related disruption costs in August. In August 2024, JetBlue issued $2,000 million aggregate principal amount of senior secured notes due 2031 and entered into a $765 million term loan credit and guaranty agreement, maturing in 2029. The Company also issued $460 million aggregate principal amount of its 2.50% Convertible Senior Notes due 2029, and used the net proceeds from the initial offering to repurchase a portion of its existing 0.50% senior convertible notes due 2026. These transactions were previously described in the Company's Current Reports on Form 8-K (collectively, the "Financing Transactions"). As a result of the Financing Transactions, the Company now expects interest expense to be in the range of $370 million to $380 million for the full year, as compared to a p
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 JetForward Strategy Presentation, dated September 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. JETBLUE AIRWAYS CORPORATION (Registrant) Date: September 5, 2024 By: /s/ Dawn Southerton Dawn Southerton Vice President, Controller (Principal Accounting Officer)