10-Q · April 28, 2026
JetBlue reported a wider net loss of $(319) million in Q1 2026 vs $(208) million in Q1 2025, with diluted loss per share of $(0.86) vs $(0.59) a year ago. Management discloses material market risk sensitivities: a…
Earnings analysis · 10-Q
JBLU earnings analysis
Filed July 28, 2026 · Our reading of the company's report
The latest report
JetBlue delivered $2.697 billion of second-quarter revenue, up 14.5% year over year, but profitability weakened materially: net loss increased to $247 million and diluted EPS was negative $0.66, versus a $74 million…
Read full summary
JetBlue delivered $2.697 billion of second-quarter revenue, up 14.5% year over year, but profitability weakened materially: net loss increased to $247 million and diluted EPS was negative $0.66, versus a $74 million loss and negative $0.21 EPS a year earlier. The reported pre-tax margin fell 6.0 percentage points to negative 10.0%. The filing did not provide segment, balance-sheet, operating-cash-flow, capex, or explicit numerical guidance detail in the supplied excerpt; it did disclose substantial unhedged fuel sensitivity and floating-rate debt exposure.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.66
What stood out
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Revenue grew 14.5% year over year
Second-quarter operating revenue rose $341 million, or 14.5%, year over year to $2.697 billion from $2.356 billion.
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Pratt & Whitney support credits secured
JetBlue entered agreements providing up to $105 million of credits for qualifying future Pratt & Whitney-related purchases through December 31, 2027.
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LaGuardia slot auction win
JetBlue was the successful bidder for 22 LaGuardia operating authorizations, with a $58.5 million bid; the transfer remains conditional on approvals.
What to watch
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Losses and pre-tax margin deteriorated
Despite revenue growth, net loss widened to $247 million from $74 million and diluted loss per share widened to $0.66 from $0.21 year over year. Pre-tax margin declined to negative 10.0% from negative 4.0%.
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Unhedged fuel-price exposure
A hypothetical 10% increase in fuel cost per gallon would raise projected aircraft-fuel expense by approximately $309 million over the next 12 months; JetBlue had no outstanding fuel hedging contracts at June 30, 2026.
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Floating-rate debt exposure
JetBlue had $2.2 billion of floating-rate debt and finance lease obligations at June 30, 2026. A 100-basis-point year-over-year increase in rates would raise annual interest expense by about $22 million.
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Slot acquisition remains conditional
The filing states there were no material changes to risk factors from the 2025 Form 10-K, but the $58.5 million LaGuardia slot acquisition remains subject to regulatory approval and conditions required by October 31, 2026.
Management's outlook
The 10-Q excerpt provides no explicit quantitative revenue or EPS outlook. Management disclosed that the $58.5 million LaGuardia slot transfer remains subject to regulatory approval and other conditions due by October 31, 2026, and that up to $105 million of Pratt & Whitney credits may be used through December 31, 2027.
Earlier filings 4
10-Q · October 28, 2025
JetBlue reported Q3 operating revenue of $2,322 million (vs. $2,365 million a year ago) and an operating loss of $100 million (worsened from a $38 million loss in Q3 2024). EPS was a loss of $0.39 per share (vs. a $0.17…
10-Q · July 29, 2025
JetBlue reported Q2 2025 operating revenue of $2,356.0 million and generated a small operating profit of $6 million, but recorded a net loss of $74 million (diluted EPS $(0.21)) primarily driven by higher interest…
10-Q · April 29, 2025
JetBlue reported total operating revenues of $2,140 million and a net loss of $208 million (diluted loss per share $0.59) for the quarter ended March 31, 2025. Results show a meaningful improvement vs. the year-ago…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.