Earnings summaries and quarterly performance for JETBLUE AIRWAYS.
Executive leadership at JETBLUE AIRWAYS.
Joanna Geraghty
Detailed
Chief Executive Officer
CEO
CC
Carol Clements
Detailed
Chief Digital and Technology Officer
DS
Dawn Southerton
Detailed
Vice President, Controller and Principal Accounting Officer
EM
Eileen McCarthy
Detailed
General Counsel and Corporate Secretary
MS
Marty St. George
Detailed
President
UH
Ursula Hurley
Detailed
Chief Financial Officer
WC
Warren Christie
Detailed
Chief Operating Officer
Board of directors at JETBLUE AIRWAYS.
EJ
Ellen Jewett
Detailed
Director
JL
Jesse Lynn
Detailed
Director
MF
Monte Ford
Detailed
Director
NM
Nik Mittal
Detailed
Director
PB
Peter Boneparth
Detailed
Independent Board Chair
RL
Robert Leduc
Detailed
Director
SR
Sarah Robb O’Hagan
Detailed
Director
SM
Sean Menke
Detailed
Director
SM
Steven Miller
Detailed
Director
TM
Teri McClure
Detailed
Director
TW
Thomas Winkelmann
Detailed
Director
VS
Vivek Sharma
Detailed
Director
Research analysts who have asked questions during JETBLUE AIRWAYS earnings calls.
JB
Jamie Baker
JPMorgan Chase & Co.
7 questions for JBLU
Also covers: AAL, AER, AL +6 more
CO
Catherine O'Brien
Goldman Sachs
6 questions for JBLU
Also covers: AAL, AER, AL +7 more
Duane Pfennigwerth
Evercore ISI
6 questions for JBLU
Also covers: AAL, AERO, ALGT +19 more
RS
Ravi Shanker
Morgan Stanley
6 questions for JBLU
Also covers: AAL, ALGT, ALK +27 more
SG
Scott Group
Wolfe Research
6 questions for JBLU
Also covers: AAL, ALGT, ALK +35 more
Conor Cunningham
Melius Research
5 questions for JBLU
Also covers: AAL, ABNB, ALGT +16 more
SS
Savanthi Syth
Raymond James
5 questions for JBLU
Also covers: AAL, ACHR, ALGT +15 more
BO
Brandon Oglenski
Barclays
4 questions for JBLU
Also covers: AAL, ALGT, ALK +21 more
DM
Daniel McKenzie
Seaport Global Securities
4 questions for JBLU
Also covers: AAL, ALGT, ALK +5 more
TF
Thomas Fitzgerald
TD Cowen
4 questions for JBLU
Also covers: AAL, ALGT, ALK +8 more
DM
Dan McKenzie
Seaport Global
3 questions for JBLU
Also covers: AAL, ALGT, LUV +1 more
ML
Michael Linenberg
Deutsche Bank
3 questions for JBLU
Also covers: AAL, AERO, ALGT +13 more
Stephen Trent
Citigroup Inc.
3 questions for JBLU
Also covers: AAL, AER, AL +14 more
TF
Tom Fitzgerald
TD Cowen
3 questions for JBLU
Also covers: ALK, CPA, LUV +3 more
AD
Andrew Didora
Bank of America
2 questions for JBLU
Also covers: AAL, ALGT, ALK +9 more
AM
Atul Maheswari
UBS Group
2 questions for JBLU
Also covers: AAL, ALGT, ALK +2 more
Chris Stathoulopoulos
Susquehanna
2 questions for JBLU
Also covers: AER, CAR, CCL +4 more
ML
Mike Lindenberg
Deutsche Bank
2 questions for JBLU
Also covers: ALGT, DAL, LTM +4 more
SS
Savi Syth
Raymond James
2 questions for JBLU
Also covers: AAL, CPA, JOBY +6 more
BO
Brandon Oglendski
Barclays PLC
1 question for JBLU
Also covers: FDX
DF
Duane Fenningworth
Evercore Inc.
1 question for JBLU
SD
Shannon Doherty
Deutsche Bank
1 question for JBLU
Also covers: AAL, AER, ALK +4 more
Thomas Wadewitz
UBS
1 question for JBLU
Also covers: ALK, ARCB, CHRW +20 more
TW
Tom Wadewitz
UBS Group
1 question for JBLU
Also covers: ARCB, CHRW, CNI +19 more
Recent press releases and 8-K filings for JBLU.
JetBlue Airways Provides 2026 Outlook and JetForward Plan Update
JBLU
Guidance Update
New Projects/Investments
Debt Issuance
- JetBlue's JetForward plan delivered $305 million of EBIT in 2025 and is projected to deliver upwards of $310 million of value in 2026. The company aims for a break-even or better operating margin in 2026, leading to positive free cash flow in 2027.
- For 2026, JetBlue guides for a 3.5% RASM increase and a 2% unit cost increase. Demand in the first quarter of 2026 is described as "really strong".
- Operational reliability improved in 2025, exceeding or meeting all on-time performance metrics and resulting in a 7-point NPS improvement over two years. The number of aircraft on the ground due to GTF engine issues is improving from an average of 9 in 2025 to mid-single-digits in 2026.
- The company plans to pay down approximately $800 million in debt in 2026 and is raising $500 million. Net capital expenditures for 2026 are approximately $900 million, with a CapEx profile of sub $1 billion annually through the end of the decade.
- JetBlue has no focus on M&A, instead prioritizing the execution of the JetForward plan, achieving consistent profitability, and improving the balance sheet. The Blue Sky partnership with United is expected to enhance scale and the TrueBlue loyalty program.
Feb 18, 2026, 3:25 PM
JetBlue Airways Provides 2026 Financial Outlook and Strategic Updates
JBLU
Guidance Update
New Projects/Investments
- JetBlue anticipates achieving a break-even or better operating margin in 2026 and positive free cash flow in 2027, supported by its JetForward plan which delivered $305 million of EBIT last year and is expected to generate over $310 million of value in 2026.
- For 2026, the company projects a 3.5% RASM guide and a 2% unit cost guide, alongside significant operational improvements including a 7-point increase in NPS over two years and a reduction in aircraft on ground due to GTF engine issues from an average of 9 last year to mid-single digits in 2026.
- Strategic initiatives include the recent launch of flight sales through the Blue Sky agreement with United, the planned rollout of domestic first class in Q3 2026, and continued network expansion focused on Fort Lauderdale.
- JetBlue plans to pay down approximately $800 million in debt in 2026 and possesses over $6.5 billion in unencumbered assets, aiming to improve its balance sheet and leverage metrics.
Feb 18, 2026, 3:25 PM
JetBlue Airways Discusses 2026 Outlook and Strategic Initiatives
JBLU
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- JetBlue's JetForward plan delivered $305 million of EBIT in 2025 and is projected to deliver upwards of $310 million of value in 2026.
- The company targets a break-even or better operating margin in 2026, aiming for positive free cash flow in 2027.
- For 2026, JetBlue anticipates a 3.5% RASM guide and a 2% unit cost guide, driven by strong demand and improving GTF engine issues, which will reduce aircraft on ground to mid-single-digits.
- Annual CapEx is expected to be sub $1 billion through the end of the decade, with plans to pay down approximately $800 million in debt in 2026 and raise $500 million.
- The Blue Sky agreement with United, which commenced flight sales on each other's websites about a week prior to the conference, is set to enhance the TrueBlue loyalty program and Paisly product sales.
Feb 18, 2026, 3:25 PM
JetBlue Reports Q4 2025 Results and Provides 2026 Outlook
JBLU
Earnings
Guidance Update
Revenue Acceleration/Inflection
- JetBlue reported Q4 2025 total operating revenues of $2,244 million and a net loss per share of $(0.48), with a 0.2% year-over-year RASM increase.
- For the full year 2025, the JetForward transformation delivered $305 million of incremental EBIT and the company achieved its CASM ex-Fuel guidance of 6.2%.
- The company maintained a solid liquidity position of $2.5 billion and ~$6.5 billion in unencumbered assets as of Q4 2025.
- For FY 2026, JetBlue expects year-over-year RASM growth of 2.0% to 5.0% and CASM ex-Fuel growth of 1.0% to 3.0%, with an outlook for breakeven or better adjusted operating margin.
- JetForward initiatives are projected to drive an additional $310 million of incremental EBIT in 2026, aiming for positive operating margin in 2026 and positive free cash flow by the end of 2027.
Jan 27, 2026, 3:00 PM
JetBlue Reports Q4 2025 Results and Provides 2026 Outlook
JBLU
Earnings
Guidance Update
New Projects/Investments
- JetBlue's adjusted operating margin for 2025 was -3.7%, influenced by macro uncertainty, despite Jet Forward initiatives contributing $305 million of incremental EBIT.
- For the full year 2026, JetBlue forecasts breakeven operating margin or better, with anticipated 3.5 points of capacity growth, 3.5 points of unit revenue improvement, and 2% non-fuel unit cost growth. Jet Forward is expected to deliver an additional $310 million of incremental EBIT in 2026, bringing the total to $615 million.
- The company projects capital expenditures of approximately $900 million in 2026 and reported $2.5 billion in liquidity at the end of 2025. JetBlue plans to repay approximately $800 million of principal and raise approximately $500 million in new financing during 2026.
- Operational performance saw significant improvement in 2025, with an 8-point gain in Net Promoter Score and meeting all on-time performance targets for the second consecutive year.
Jan 27, 2026, 3:00 PM
JetBlue Airways Reports Q4 2025 Results and Provides 2026 Outlook
JBLU
Earnings
Guidance Update
New Projects/Investments
- JetBlue's Jet Forward transformation generated $305 million of incremental EBIT in 2025, with the company reporting an adjusted operating margin of -3.7% for the year.
- For full-year 2026, JetBlue projects breakeven operating margin or better, anticipating $310 million of incremental EBIT from Jet Forward, alongside 3.5 points of capacity growth, 3.5 points of unit revenue improvement, and 2% non-fuel unit cost growth.
- The company expects capital expenditures of approximately $900 million in 2026 and aims to achieve positive free cash flow by the end of 2027.
- Loyalty revenue increased 8% in 2025, now representing over 13% of total revenue, with further growth anticipated in 2026 due to strategic enhancements.
Jan 27, 2026, 3:00 PM
JetBlue Reports Q4 2025 Results and Provides 2026 Guidance
JBLU
Earnings
Guidance Update
New Projects/Investments
- JetBlue reported Q4 2025 year-over-year unit revenue growth of 0.2%, surpassing its guidance midpoint by over 2 points, while the full-year 2025 adjusted operating margin was -3.7% due to macro uncertainty.
- The JetForward initiatives generated $305 million in incremental EBIT in 2025 and are projected to deliver $310 million in 2026, contributing to a total of $615 million by year-end 2026 and an expected $850 million-$950 million by full year 2027.
- For full-year 2026, JetBlue anticipates achieving a breakeven operating margin or better, driven by projected capacity growth of 3.5 points (2.5%-4.5% range), unit revenue improvement of 3.5 points (2%-5% range), and non-fuel unit cost growth of 2% (1%-3% range).
- The company concluded 2025 with $2.5 billion in liquidity and an increased unencumbered asset base of $6.5 billion, with plans for $900 million in capital expenditures for 2026 and the repayment of approximately $800 million in principal.
Jan 27, 2026, 3:00 PM
JetBlue Reports Widened Q4 Loss and Revenue Beat
JBLU
Earnings
Guidance Update
Demand Weakening
- JetBlue reported an adjusted fourth-quarter loss of $181 million (-$0.49 per share) on $2.24 billion of revenue, which topped forecasts despite a slight year-over-year decline. The GAAP loss widened to $177 million (-$0.48 per share).
- For fiscal 2026, the company expects Available Seat Miles (ASMs) to grow 2.5–4.5%, Revenue per Available Seat Mile (RASM) to be up 2–5%, and Cost per Available Seat Mile excluding fuel (CASM-ex) to rise 1–3%.
- The airline's balance sheet metrics, including a debt-to-equity ratio above 4 and an Altman Z-Score around 0.64, indicate elevated financial risk. Short-term liquidity metrics show a current ratio of ~0.82 and a quick ratio of ~0.77.
- Operational metrics for Q4 included a modest capacity fall, RASM edging up, and operating CASM rising sharply (CASM up ~5.4%; CASM-ex up ~6.7%). The company ended the period with roughly $2.5 billion in liquidity.
Jan 27, 2026, 11:38 AM
JetBlue Announces Fourth Quarter and Full Year 2025 Results
JBLU
Earnings
Guidance Update
New Projects/Investments
- JetBlue reported a net loss of $177 million for the fourth quarter of 2025 and a net loss of $602 million for the full year 2025.
- The JetForward program delivered $305 million of incremental EBIT in 2025, exceeding its target, and is projected to deliver an additional $310 million in 2026, with a total target of $850 to $950 million by 2027.
- For the full year 2026, JetBlue forecasts an Adjusted Operating Margin of breakeven or better and expects Capital Expenditures of approximately $900 million.
- The company anticipates full year 2026 RASM to increase 2.0% - 5.0% year-over-year and CASM Ex-Fuel to increase 1.0% - 3.0% year-over-year.
Jan 27, 2026, 11:30 AM
JetBlue Announces Fourth Quarter and Full Year 2025 Results
JBLU
Earnings
Guidance Update
New Projects/Investments
- JetBlue reported a net loss of $177 million for the fourth quarter of 2025 and a net loss of $602 million for the full year 2025.
- The company's JetForward program delivered $305 million of incremental EBIT in 2025, exceeding expectations, and is on track to achieve $850 - $950 million of incremental EBIT for 2027.
- Operating revenue for Q4 2025 was $2.2 billion, a 1.5% decrease year-over-year, and $9.1 billion for the full year 2025, a 2.3% decrease year-over-year.
- JetBlue anticipates an Adjusted Operating Margin of Breakeven or better for full year 2026, with estimated capital expenditures of ~$900 million.
Jan 27, 2026, 11:30 AM
Quarterly earnings call transcripts for JETBLUE AIRWAYS.
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