JetBlue Airways Corporation (JBLU) is a major airline based in the United States, specializing in low-cost air travel. The company operates a fleet of aircraft to provide passenger services and ancillary offerings, focusing on key markets such as the New York metropolitan area. JetBlue also generates revenue through loyalty programs, vacation packages, and other non-ticket services.
- Passenger Revenue - Provides air travel services, including seat sales, baggage fees, and premium offerings like Even More® Space.
- Other Revenue - Generates income from loyalty programs (TrueBlue® points), vacation packages, airport concessions, and advertising.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Carol Clements Executive | Chief Digital and Technology Officer | None. | Joined JetBlue in April 2021; previously served as CTO for Pizza Hut and held leadership roles at Southwest Airlines. | |
Dawn Southerton Executive | VP, Controller, and Principal Accounting Officer | None. | Joined JetBlue in December 2023; previously served as VP and Controller at Pepsi Beverages Company. | |
Eileen McCarthy Executive | General Counsel and Corporate Secretary | None. | Rejoined JetBlue in 2024; became General Counsel on August 5, 2024; previously served as VP and Associate General Counsel at JetBlue from 2006 to 2021. | |
Joanna Geraghty Executive | Chief Executive Officer (CEO) | Board Member at L3Harris Technologies; Chairperson of Concern Worldwide; Board Member of JetBlue Foundation. | Joined JetBlue in 2005; became CEO on February 12, 2024; previously served as President and COO, EVP of Customer Experience, and Chief People Officer. | |
Martin St. George Executive | President | None. | Rejoined JetBlue in 2024; became President on February 26, 2024; previously served as EVP and Chief Commercial Officer and held other leadership roles at JetBlue. | |
Ursula Hurley Executive | Chief Financial Officer (CFO) | None. | Joined JetBlue in 2004; became CFO in June 2021; previously served as VP, Treasurer, and VP of Structural Programs. | |
Warren Christie Executive | Chief Operating Officer (COO) | None. | Joined JetBlue in 2003; became COO on February 12, 2024; previously led Safety, Security, Fleet Operations, and JetBlue University. | |
Ellen Jewett Board | Director | Managing Partner at Canoe Point Capital; Director at Booz Allen Hamilton; Trustee at Children’s Aid and The Hastings Center. | Joined JetBlue’s board in 2011; chairs the Governance & Nominating and ESG Committees. | |
Monte Ford Board | Director | Board Member at Akamai Technologies, Iron Mountain Inc., and Centene Corp.; Principal Partner at CIO Strategy Exchange. | Joined JetBlue’s board in 2021; former CIO of AMR Corporation (American Airlines). | |
Nik Mittal Board | Director | President of Molecule Ventures; Partner at Plankton Energy; Advisor to CleanPlanet Chemical. | Joined JetBlue’s board in 2022; expertise in capital markets and sustainability. | |
Peter Boneparth Board | Independent Board Chair | Director at Kohl’s Corporation. | Joined JetBlue’s board in 2008; became Independent Board Chair in May 2020; previously served as CEO of Jones Apparel Group. | |
Robert Leduc Board | Director | Director at Howmet Aerospace and AAR Corp.. | Joined JetBlue’s board in 2020; former President of Pratt & Whitney and Sikorsky Aircraft. | |
Sarah Robb O’Hagan Board | Director | CEO of EXOS; Founder of Extreme Living LLC. | Joined JetBlue’s board in 2018; former CEO of Flywheel Sports and Global President of Gatorade. | |
Sean Menke Board | Director | Board Member at Waste Management; Senior Advisor to UP.Labs. | Joined JetBlue’s board in September 2024; former CEO of Sabre Corp., Frontier Airlines, and Pinnacle Airlines. | |
Teri McClure Board | Director | Director at Fluor Corporation, GMS Inc., and Lennar Corp.. | Joined JetBlue’s board in 2019; former CHRO and General Counsel at UPS. | |
Thomas Winkelmann Board | Director | Executive Chair of Zeitfracht Group. | Joined JetBlue’s board in 2013; former CEO of airberlin and Lufthansa Munich Hub. | |
Vivek Sharma Board | Director | Adjunct Professor at USC; Former CEO of InStride. | Joined JetBlue’s board in 2019; expertise in eCommerce and digital guest experience. |
-
Given the ongoing issues with Pratt & Whitney's GTF engines and the increasing number of grounded aircraft expected over the next two years, can you provide more concrete details on how this will impact your capacity plans, and what specific mitigation strategies you have in place to minimize operational disruption?
-
With the Northeast Alliance no longer in effect and discussions about new partnerships still ongoing, how do you plan to offset the loss of benefits previously gained from the NEA, and what is the timeline for securing meaningful partnerships that can contribute to your JetForward targets?
-
Considering your current balance sheet metrics and ongoing cash burn, what key levers will enable you to achieve free cash flow positive status within the JetForward timeline, and how confident are you that these levers will materialize given potential market uncertainties?
-
In light of increased competitive capacity pressures in key markets like Boston and Fort Lauderdale, and with competitors like Spirit emerging from bankruptcy with renewed focus, how are you adjusting your network and pricing strategies to maintain and grow your market share in these critical regions?
-
You mentioned capturing $95 million in revenue initiatives ahead of schedule in 2024, moving some benefits forward from 2025; given this acceleration, are you now expecting to exceed your original JetForward EBIT targets for 2025 and beyond, or could there be gaps in future periods as a result of this pull-forward?
Research analysts who have asked questions during JETBLUE AIRWAYS earnings calls.
Daniel McKenzie
Seaport Global Securities
4 questions for JBLU
Duane Pfennigwerth
Evercore ISI
4 questions for JBLU
Jamie Baker
JPMorgan Chase & Co.
4 questions for JBLU
Savanthi Syth
Raymond James
4 questions for JBLU
Thomas Fitzgerald
TD Cowen
4 questions for JBLU
Catherine O'Brien
Goldman Sachs
3 questions for JBLU
Michael Linenberg
Deutsche Bank
3 questions for JBLU
Ravi Shanker
Morgan Stanley
3 questions for JBLU
Scott Group
Wolfe Research
3 questions for JBLU
Stephen Trent
Citigroup Inc.
3 questions for JBLU
Andrew Didora
Bank of America
2 questions for JBLU
Brandon Oglenski
Barclays
2 questions for JBLU
Conor Cunningham
Melius Research
2 questions for JBLU
Atul Maheswari
UBS Group
1 question for JBLU
Thomas Wadewitz
UBS
1 question for JBLU
Tom Wadewitz
UBS Group
1 question for JBLU
Recent press releases and 8-K filings for JBLU.
- Spirit Airlines is currently in its second bankruptcy within a year and plans to furlough approximately 1,800 flight attendants, which is about one-third of its cabin crew.
- The airline is reducing its flight capacity by 25% year-over-year starting November and has already pulled out of 11 U.S. cities as part of a necessary rightsizing effort to stabilize its finances.
- These financial struggles have been exacerbated by a blocked merger with JetBlue, and Spirit's management is seeking $100 million in cost cuts from its pilots.
- Union representatives have warned that the ongoing bankruptcy process will likely lead to contract changes and cost-cutting demands on pilots and flight attendants.
- JetBlue tightened its capacity range, improved the midpoint of its revenue guide by 1.25 points, and improved the midpoint of its controllable cost guide for Q3 2025, noting the quarter is performing very well.
- The JetBlue Airways program has achieved $180 million in EBIT contribution since its launch in July 2024, with a goal of $850 million to $950 million in EBIT by the end of 2027. The company hopes to achieve $290 million by the end of 2025.
- Operational reliability has significantly improved, leading to JetBlue being recognized as the "most improved" airline in Wall Street Journal rankings and a double-digit increase in customer Net Promoter Score in the first half of 2025.
- The company is making a significant strategic bet on Fort Lauderdale, planning its biggest schedule ever this winter with 113 flights a day to 49 cities, leveraging newly available gate capacity.
- JetBlue anticipates material improvement in GTF engine issues, with average aircraft on ground (AOGs) expected to be less than 10 throughout 2025 (the peak year), and full resolution by the end of 2027, which will enable growth in 2026.
- JetBlue has successfully delivered $180M of incremental EBIT benefit from its JetForward initiatives through 1H25 and is on track to achieve $290M by year-end. The overall JetForward target has been upsized to ~$850-950M incremental EBIT by year-end 2027.
- The company's cost transformation program realized $25M in savings in 1H25, and it has deferred ~$3B in capital expenditure into the 2030s.
- JetBlue is strengthening its position in Fort Lauderdale, announcing 17 new routes and increased frequency on 12 high-demand markets since the beginning of 2025, anticipating its largest ever schedule with 113 peak departures this winter, up 35% YoY.
- JetBlue updated its third-quarter guidance, improving the midpoint of its revenue guide by 1.25 points and its controllable cost guide, while tightening its capacity range.
- The company's JetBlue Airways program has contributed $180 million in EBIT since its July 2024 launch, with a target of $290 million by the end of 2025 and $850 million to $950 million by the end of 2027.
- Operational reliability has significantly improved, leading to JetBlue being named "most improved" in Wall Street Journal rankings and achieving double-digit growth in customer Net Promoter Score (NPS) in the first half of 2025.
- JetBlue anticipates its Geared Turbofan (GTF) aircraft-on-ground (AOG) issues to peak in 2025 at an average of less than 10 aircraft, with full resolution by the end of 2027, enabling growth to resume in 2026.
- The new Blue Sky partnership with United Airlines, which excludes revenue sharing and coordination, aims to expand customer access to a global network, with initial customer benefits expected by the end of 2025 and full benefits by 2028.
- JetBlue provided an update on its Q3 2025 guidance, tightening its capacity range and improving the midpoint of its revenue guide by 1.25 points.
- The JetForward program has achieved $180 million in EBIT contribution since its launch, targeting $850 million-$950 million in EBIT by the end of 2027.
- The company's operational reliability has significantly improved, leading to double-digit increases in customer NPS in the first half of 2025 and seven consecutive quarters of unit cost beats or hits.
- JetBlue is expanding its network, with Fort Lauderdale becoming a key focus, planning 113 flights a day to 49 cities this winter.
- The outlook for GTF engine issues has materially improved, with average aircraft on the ground (AOG) expected to be less than 10 in 2025, enabling growth in 2026 and full resolution by the end of 2027.
- JetBlue Airways tightened its Q3 capacity range and improved the midpoint of its revenue guide by 1.25 points, while also improving its controllable cost guide.
- The "JetBlue Airways" program has achieved $180 million in EBIT contribution since its launch in July 2024, with a goal to deliver $850 million to $950 million in EBIT by the end of 2027. The company expects to achieve $290 million by the end of 2025.
- The company is expanding its Fort Lauderdale operations, planning its biggest schedule ever this winter with 113 flights a day to 49 cities, aiming for Fort Lauderdale to become a third major hub with 140 to 150 flights a day.
- JetBlue's GTF engine issues are expected to peak in 2025 with less than 10 aircraft on ground, step down in 2026, and be fully resolved by the end of 2027, which will enable growth again in 2026.
- JetBlue Airways Corporation executives are participating in Morgan Stanley's 13th Annual Laguna Conference on September 11, 2025, presenting updates on strategic initiatives and financial targets.
- The company reported $180 million in incremental EBIT benefit from its JetForward initiatives through the first half of 2025, with a target of $290 million by year-end, and an overall 2027 target of $850-950 million.
- JetBlue has initiated a cost transformation program, achieving $25 million in savings in the first half of 2025, and has deferred approximately $3 billion in capital expenditures into the 2030s.
- The company has executed over $3 billion in financing and is expanding its network in Fort Lauderdale, with 17 new routes and a projected 35% year-over-year increase in peak departures this winter.
- JetBlue's Q2 2025 performance saw RASM exceed guidance with a (1.5%) year-over-year change and CASM ex-Fuel up 6.0% year-over-year, outperforming guidance.
- The company increased its JetForward program target by $50 million to $850-950 million in incremental EBIT through 2027, with $90 million realized in 1H 2025 and a cumulative $290 million expected by end of 2025.
- For Q3 2025, JetBlue forecasts ASMs year-over-year to be (1.0%) to 2.0% and CASM ex-Fuel year-over-year to be 4.0% to 6.0%.
- Full-year 2025 guidance includes ASMs year-over-year of (2.5%) to (0.5%) and CASM ex-Fuel year-over-year of 5.0% to 7.0%.
- JetBlue's Pratt & Whitney AOG forecast is improving, supporting capital-light growth, with AOGs expected to average below 10 for 2025 and fully resolve by year-end 2027.
- JetBlue is significantly expanding its service from Fort Lauderdale-Hollywood International Airport (FLL), launching year-round, nonstop service to Norfolk (ORF) and Tampa (TPA), and resuming flights to Atlanta (ATL) and Austin (AUS).
- The airline is adding an additional daily flight on existing routes from FLL to Las Vegas (LAS), Los Angeles (LAX), Phoenix (PHX), Raleigh-Durham (RDU), and Richmond (RIC).
- JetBlue is expanding its premium Mint experience on routes including Las Vegas, Los Angeles, and Phoenix, with 13 daily Mint flights available from FLL this winter.
- JetBlue's operations at FLL are growing, with current average of 72 daily departures to 31 nonstop destinations increasing to 95 daily departures to 37 cities by December 2025.
- A new Blue Sky collaboration with United Airlines will allow loyalty customers to earn and redeem points on over 125 flights from FLL later this year.
- Vladimir Galkin, JetBlue's second-largest shareholder with a nearly 10% stake valued at around $212 million, is considering selling his shares if the airline's cost-cutting and turnaround efforts fail to improve financial performance, as his stock has fallen over 40% this year.
- Galkin has proposed shrinking JetBlue's 13-member board to reduce expenses and boost profitability, noting that current board directors (excluding Icahn representatives) own less than 1% of the company.
- He might hold his investment for about another year to see if the company's "JetForward" strategy, which targets up to $900 million in earnings before interest and taxes (EBIT) by 2027, delivers tangible results.
- JetBlue's revenue in Q1 2025 declined by 3.1% year-on-year to $2.14 billion but matched analysts' consensus estimates, while analysts maintain a 'Hold' recommendation with an average price target of $4.46.