Summary
- JetBlue experienced a net loss of $104 million in the fourth quarter of 2023, compared to a $24 million profit the previous year, due to higher operational costs and a decline in revenue.
- Despite cost savings and increased capacity, JetBlue's losses continue to climb, with an estimated $63 million adjusted net loss in the fourth quarter of last year.
- JetBlue plans to adjust its capacity margins in 2024 and launch revenue initiatives in order to return to profitability.