Question · Q3 2025
Connor Cunningham from Melius Research asked for a breakdown of the Q4 routing outlook, distinguishing between U.S. domestic, Latin American, and Transatlantic performance. He also inquired about the maintenance outlook for next year, expecting a significant tailwind given a 30% increase this year and the retirement of E190 aircraft.
Answer
Marty St. George, President of JetBlue Airways, indicated that Q4 routing trends are consistent with overall observations, showing better performance in international markets compared to domestic. He suggested that capacity reductions by ULCCs might eventually alleviate pressure on domestic routes, but it's too early to confirm a trend. Ursula Hurley, CFO of JetBlue Airways, clarified that maintenance will remain a headwind next year because about half of the fleet (A320) is aging and operates under time-and-material agreements, not flight-hour agreements. She stated that this headwind would be offset by Jet Forward cost initiatives, contributing to a target of low single-digit CASEM ex-fuel growth.