JetBlue Airways increased the bottom end of its projected second-quarter (2Q) unit revenue guidance, aligning with both the carrier’s short-term outlook of an increasing revenue environment and bigger-picture trends that show strong demand and pricing.
The New York-based carrier now sees a year-over-year RASM increase of 2%-4% in the quarter, up from the 1%-4% range forecast in April as part of its 1Q earnings release.
“The [2Q] outlook … has been mostly as expected, with April starting off weak, and demand picking up around Easter. This demand trend has continued through May,” Cohen & Co. analyst Helane Becker wrote. “June is also tracking in line with expectations”…
