The positive impact of lower gas prices on regional gaming revenues is well-known but BYD benefits from low jet fuel costs too.
- BYD’s Hawaiian travel business (rolled up in the Downtown LV region) benefits from lower jet fuel costs – downtown EBITDA margins and jet fuel at -0.55 correlation
- Q2 to-date jet fuel is down 8% sequentially and YoY
- We calculate $0.01 per share positive impact each quarter for the next 4 quarters if jet fuel prices stay at current levels, beginning with Q2
