Question · Q3 2025
Duane Fenningworth from Evercore Inc. requested an update on GTF engine impacts, including the forecast for grounded aircraft in 2026, and whether Pratt & Whitney compensation is included in 2025 results. He also asked for clarification on the implementation timing of JetBlue's domestic first class product, including completion targets for year-end 2026 and overall.
Answer
Ursula Hurley, CFO of JetBlue Airways, reported improved GTF challenges, with the average number of aircraft on the ground (AOG) for 2025 projected at nine (currently six), peaking in 2025 and reducing to low to mid-single digits in 2026. She confirmed that 2025 guidance does not assume any Pratt & Whitney compensation, as discussions are ongoing. Hurley explained that the domestic first class product will be outfitted on all approximately 250 non-Mint aircraft. She stated that about 25% of the fleet is expected to be complete by the end of 2026, with the "overwhelming majority" completed by the end of 2027, and the first equipped aircraft flying in the second half of 2026.