Jet Updates Q2 Outlook: Solid Revenue Growth, Manageable Expenses

Jet recently updated its Q2 outlook with a focus on solid revenue growth and manageable expenses.

The airline expects a significant increase in revenue, with Revenue Passenger Mile (RASM) anticipated to rise by 9-12%.

Additionally, Jet forecasts a growth in Average Seat Mile (ASM) of 2-4%.

The forecast also includes fuel prices, with an expected range of $4.26 to $4.36 per gallon.

The airline's capital expenditures (capex) are projected to be around $225 million.