JetBlue Announces Third Quarter 2026 Results
JetBlue reported Q3 2026 revenue of $2.8 billion, up 21.1% year-over-year, with RASM growth of 18.4% that materially exceeded initial expectations and recaptured roughly 87% of higher fuel costs. GAAP results remain loss-making: net loss widened to $257 million (EPS -$0.68) from $143 million a year ago as average fuel prices rose 57% to $3.91 per gallon. Management guided to 1-2 points of Q4 operating margin expansion despite fuel forecasted 85% higher YoY, and reaffirmed a path to sustained profitability in 2027 and at least $1 EPS with positive free cash flow in 2028.
Key figures
- Revenue
- 2812000000
- Guidance
- 4Q26 RASM +18.0-22.0% YoY, ASMs +3.0-4.0%, CASM ex-fuel (1.0%)-1.0%, fuel $4.64/gal, 1-2 pts operating margin expansion; FY26 adjusted operating margin (4.5%)-(6.5%), capex ~$850M; targets at least $1 EPS and positive FCF in 2028
- Revenue Yoy
- 21.1%
- Capex q3
- 189000000
- Casm yoy
- 19.4%
- Rasm yoy
- 18.4%
- Liquidity
- 2200000000
- Capacity yoy
- 2.3%
- Fuel price yoy
- 57%
- Casm ex fuel yoy
- 7.0%
- Fuel cost recapture
- ~87%
- Fuel price per gallon
- 3.91
- Undrawn credit facility
- 600000000
- Adjusted operating margin
- -3.9%
AI analysis
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