捷蓝航空发布2026年二季度业绩并恢复全年展望

Delivered 10.9% RASM growth, driven by continued demand strength and commercial actions
Re-established full-year 2026 outlook, supported by improved visibility into the second half
Introduced a 2028 EPS target of at least $1.00 per share
NEW YORK--(BUSINESS WIRE)--
JetBlue Airways Corporation (NASDAQ: JBLU) today reported its financial results for the second quarter of 2026.
“Two years into JetForward, we’re encouraged by the progress we’re making and the results we’re driving across the business,” said Joanna Geraghty, JetBlue’s chief executive officer. “Our second quarter performance reflects the strength of our JetForward strategy and the focused execution of our crewmembers, as strong customer demand and our decisive actions enabled us to recover fuel costs more quickly than we anticipated.”
“This momentum reinforces our confidence that we're strengthening the foundation for a more profitable JetBlue. Reflecting the progress we're making and the earnings trajectory we see ahead, today we're introducing a long-term financial target of at least $1.00 in earnings per share for 2028 as we continue on the path toward restoring sustained profitability.”
JetForward Continues to Deliver Measurable Results
JetForward continues to deliver meaningful value across the business. Through June 2026, the airline's transformation strategy has generated $470 million of cumulative incremental EBIT(1) and remains on track to deliver its previously announced $850 - $950 million annual incremental EBIT benefit by year-end 2027.
- Reliable & Caring Service
- Continued to improve operational performance and the customer experience in Q2 via reliability initiatives, with A14 increasing ~1 point and Net Promoter Score improving 5 points year-over-year during the quarter.
- Best East Coast Leisure Network
- Accelerated long-term growth in Fort Lauderdale, delivering 11% YoY RASM growth in the second quarter despite nearly 40% capacity growth. Updated flight schedules to enhance connectivity through a more structured bank schedule and deliver more than 150 daily departures this winter.
- Advanced Blue Sky, introducing reciprocal loyalty benefits to further improve customers' expanded ability to earn and redeem TrueBlue ® points across a broader network.
- Products & Perks Customers Value
- Expanded JetBlue's merchandising capabilities, with EvenMore ® point redemptions, Preferred Seating and the refreshed premium co-branded credit card continuing to outperform expectations.
- JetBlue's premium experiences continued to earn awards, including BlueHouse TM recognition, and its Mint® experience earning the highest-ranking in customer satisfaction among first/business passengers for a second consecutive year in the JD Power 2026 North America Airline Satisfaction Study.
- A Secure Financial Future
- Improved crewmember productivity through enhanced digital tools, and modernized technology infrastructure to drive better scalability and reliability at a lower cost.
- Improved fuel efficiency through advanced flight planning and routing, real-time data, predictive analytics, and operational decision support.
- Expanded AI and data science-enabled capabilities to improve planning, automate decision-making, and better manage disruptions.
JetForward's initiatives continue to progress, led by BlueFirstTM, our new domestic first class product, which is expected to begin sales this fall. As these initiatives mature, JetBlue expects JetForward benefits to continue building beyond 2027, reaching approximately $1.2 billion of annual incremental EBIT in 2028. Based on this planned trajectory, the airline introduced a long-term financial target for 2028 EPS of at least $1.00 per share assuming continued demand strength and an average $3.00 per gallon jet fuel price in 2028.
Second Quarter 2026 Financial Results
- Recaptured nearly 50% of higher fuel costs during the second quarter, exceeding expectations.
- Second quarter 2026 system capacity increased by 3.2% year-over-year, within our revised guidance (2) range of 2.0% to 4.0%.
- Operating revenue of $2.7 billion for the second quarter of 2026, an increase of 14.5% year-over-year.
- Operating revenue per available seat mile (“RASM”) increased 10.9% year-over-year, near the better end of our revised guidance range, supported by strong demand across nearly all products and geographies.
- Operating expense per available seat mile (“CASM”) for the second quarter of 2026 increased 17.0% year-over-year.
- Operating expense per available seat mile, excluding fuel, other non-airline operating expenses, and special items (“CASM ex-Fuel”) (3) for the second quarter of 2026 increased 2.4% year-over-year, 1.6 points better than the mid-point of revised guidance.
- Average fuel price in the second quarter of 2026 of $4.23 per gallon, $1.83 higher year-over-year, or approximately 76%.
- Capital expenditures, including predelivery deposits, in the second quarter totaled $234 million.
Second Quarter 2026 Commercial and Financial Highlights
- Premium RASM increased approximately 13%, complemented by 11% Main Cabin RASM growth, reflecting broad-based demand strength across the product portfolio.
- Loyalty revenue increased 13% year over year, supported by record co-brand account engagement, a nearly 40% increase in new premium card acquisitions and a 21% increase in loyalty cash remuneration.
- Introduced ClarityPay, expanding flexible payment options that provide more customers the opportunity to experience JetBlue's award-winning product.
- Building on the success of JetBlue's inaugural BlueHouse TM at JFK, recently awarded #1 ‘Best Airport Lounge of 2026’ by Newsweek Readers' Choice TM Awards. Boston BlueHouse TM remains on track to open this summer.
Pratt & Whitney Agreement
- Secured Pratt & Whitney credits toward future goods and services related to GTF settlements through calendar year 2025.
Outlook
“Our commercial initiatives continued to gain traction in the second quarter, strengthening our visibility into the back half of the year,” said Marty St. George, JetBlue’s president. “Strong demand across our product portfolio, combined with continued JetForward execution and the ongoing progress of Blue Sky and BlueFirstTM, reinforces our confidence in the outlook and the momentum building across the business.”
Third Quarter and Full Year 2026 Outlook | Estimated 3Q 2026 | Estimated FY 2026 |
Available Seat Miles (“ASMs”) Year-Over-Year | 3.0% - 6.0% | 1.5% - 3.5% |
RASM Year-Over-Year | 12.5% - 16.5% | 10.0% - 12.5% |
CASM Ex-Fuel(3) Year-Over-Year | 2.5% - 4.5% | 2.0% - 4.0% |
Fuel Price per Gallon(4) | $3.49 | $3.49 |
Adjusted Operating Margin(3) | - | (2.0%) - (5.0%) |
Interest Expense | - | ~$590 million |
Capital Expenditures(5) | ~$300 million | ~$850 million |
“Our second quarter results demonstrate the progress we're making on the levers within our control,” said Ursula Hurley, JetBlue’s chief financial officer. “Supported by strong revenue performance, disciplined capacity and continued cost execution, we expect second-half operating margin to improve by approximately 3.5 points year-over-year. The progress we are building supports JetBlue’s path to sustained profitability, meaningful earnings growth and long-term value creation for our shareholders.”
Earnings Call Details
JetBlue will hold a conference call to discuss its quarterly earnings today, July 28, 2026 at 10:00 a.m. Eastern Time. A live broadcast of the conference call will also be available via the internet at http://investor.jetblue.com. The webcast replay and presentation materials will be archived on the airline's website for at least 30 days.
For further details, see the second quarter 2026 Earnings Presentation available via the internet at http://investor.jetblue.com.
About JetBlue
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue, known for its low fares and great service, carries c