JetBlue reports Q2 adjusted EPS (16c), consensus (33c)

Reports Q2 revenue $2.36B, consensus $2.29B. Q2 system capacity decreased by 1.5% year-over-year. Average fuel price in the second quarter was $2.40 per gallon. “We ended the first half of 2025 with meaningful progress on JetForward,” said Joanna Geraghty, JetBlue’s (JBLU) chief executive officer. “Operational investments drove significant reliability improvements, with on-time performance up three points year-over-year. Customer satisfaction also increased considerably over the first half of this year, and JetBlue’s Net Promoter Score rose by double digits.” Geraghty continued, “despite facing an uncertain economic backdrop, we met or exceeded our financial targets, delivering a modest operating profit for the quarter. The momentum we have built since launching our multi-year strategy last summer reinforces our conviction that JetForward is the right plan to return JetBlue to sustained profitability.”