JETBLUE AIRWAYS CORP (JBLU) Form 10-Q — Oct 26, 2026
JetBlue reported a Q3 2026 net loss of $257 million on revenue of $2.8 billion, with the loss nearly doubling from $143 million a year ago as fuel prices surged 57.4% and Northeast operational disruptions raised costs. Revenue grew 21.1% on resilient demand and 19.2% higher average fares, and adjusted operating margin actually improved to (3.9)% from (4.1)%, with management reiterating a path to operating profitability in 2027. On the balance sheet, JetBlue held $2.2 billion in liquidity, repaid $325 million of convertible notes, and fully drew a $500 million aircraft-secured facility, with an additional $250 million expected to fund in Q4 2026.
Key figures
- Revenue
- 2812000000
- Guidance
- Management remains on track for 2026 JetForward targets, targets return to sustained operating profitability in 2027, and expects annual capital expenditures below $1 billion through the end of the decade.
- Total Debt
- 8450000000
- Total Assets
- 0
- Cash Position
- 1258000000
- Shares Outstanding
- 377351854
- Liquidity
- 2200000000
- Fuel price yoy pct
- 57.4
- Iae engine credits
- 105000000
- Q3 operating margin
- -5.1%
- Laguardia slot price
- 58500000
- Convertible notes repaid
- 325000000
- Avg fuel price per gallon
- 3.91
- Adjusted q3 operating margin
- -3.9%
- Aircraft secured financing incremental
- 250000000
AI analysis
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