JetBlue Announces Third Quarter 2026 Results
Key Highlights
- ➤Q3 operating revenue $2.812 billion, up 21.1% year-over-year
- ➤Q3 RASM increased 18.4%, materially exceeding initial expectations
- ➤Q3 net loss widened 80.4% to $257 million, or $0.68 per share
- ➤JetBlue expects 4Q adjusted operating margin of negative 4.5% to negative 6.5%
- ➤Liquidity reached $2.2 billion, including a $600 million undrawn credit facility
Expert Statements
Joanna Geraghty, Chief executive officer of JetBlue Airways Corporation
“I'm very encouraged by the progress we made in the third quarter”
Joanna Geraghty, Chief executive officer of JetBlue Airways Corporation
“Resilient demand and strong yields drove revenue well ahead of our initial expectations, allowing us to recapture more of the increase in fuel costs than we initially expected.”
Joanna Geraghty, Chief executive officer of JetBlue Airways Corporation
“That momentum has carried into the fourth quarter, and Fort Lauderdale continues to deliver exceptional results even as we significantly grow capacity.”
Joanna Geraghty, Chief executive officer of JetBlue Airways Corporation
“We delivered year-over-year adjusted operating margin improvement in the third quarter and expect further expansion in the fourth quarter even with higher fuel prices.”
Joanna Geraghty, Chief executive officer of JetBlue Airways Corporation
“Together with continued JetForward execution, this reinforces our confidence in achieving sustained operating profitability in 2027 and delivering at least $1 EPS and positive free cash flow in 2028.”
Marty St. George, President of JetBlue Airways Corporation
“Our strong revenue performance is encouraging, and we see meaningful runway for further growth as our commercial initiatives continue to mature”
Marty St. George, President of JetBlue Airways Corporation
“We're already seeing benefits from enhanced revenue management and growing loyalty engagement, while BlueFirst and our expanding travel offerings represent significant opportunities still ahead.”
Marty St. George, President of JetBlue Airways Corporation
“Combined with disciplined capacity deployment, we believe these initiatives position us to build on our revenue momentum into 2027 and beyond.”
Ursula Hurley, Chief financial officer of JetBlue Airways Corporation
“We expect further margin expansion in the fourth quarter despite fuel prices forecasted to be 85% higher than in the same period last year.”
Ursula Hurley, Chief financial officer of JetBlue Airways Corporation
“This is a testament to the compounding benefits of our JetForward strategy, which is improving our revenues and costs as we head into 2027”
Ursula Hurley, Chief financial officer of JetBlue Airways Corporation
“Importantly, we believe we have the liquidity and financing options to create a strong bridge to at least $1 EPS and positive free cash flow in 2028.”
Ursula Hurley, Chief financial officer of JetBlue Airways Corporation
“We remain focused on disciplined cost execution and capital management as we work toward sustained profitability and positive free cash flow.”
Airline delivered 18.4% RASM growth; recaptured approximately 87% of higher fuel costs
Fort Lauderdale RASM increased nearly 15% on more than 65% capacity growth
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