JetBlue Airways (JBLU) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 28, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.56

Last Year’s EPS

-0.59

Same Quarter Last Year

Analyst Consensus

Moderate Sell

Based on 11 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call balanced clear operational and commercial progress with significant near-term headwinds. Highlights include strong execution of the Jet Forward program (driving $305M incremental EBIT in 2025), measurable improvements in operational reliability and customer satisfaction (NPS +8 pts in 2025, loyalty revenue +8%), premium and loyalty revenue momentum, disciplined capital spending cuts, and constructive 2026 guidance targeting breakeven operating margin. Lowlights are material: a 2025 adjusted operating margin of -3.7%, elevated CASM ex-fuel (Q4 +6.7%), weather and airspace disruptions (1,100+ canceled flights), fuel price volatility, GTF-related AOG impacts, and ongoing balance-sheet and financing needs. Management frames a credible path to breakeven in 2026 and positive free cash flow by 2027, but execution and macro/fuel/operational risks remain. Overall, the positives from Jet Forward progress and constructive guidance outweigh the challenges, assuming management executes as planned.

Company Guidance

JetBlue guided 2026 to breakeven or better operating margin, underpinning that outlook with a full‑year plan of ~3.5 points of capacity growth and ~3.5 points of unit‑revenue improvement (company RASM guidance 2%–5% on capacity growth of 2.5%–4.5%; Q1 capacity +0.5%–3.5% and Q1 unit revenue flat to +4%, with a <1‑point RASM headwind from Caribbean airspace closures), while targeting CASM ex‑fuel growth of 1%–3% for the year (Q1 CASM ex‑fuel +3.5%–5.5%), fuel midpoints of $2.34 for Q1 and $2.27 for the year, and ~1.5% ASM/gal fuel efficiency in 2026 (≈5% vs. three years) that they estimate delivers roughly $100M of fuel savings; Jet Forward is expected to supply $310M of incremental EBIT in 2026 (after $305M in 2025) for a $615M total incremental contribution this year and a $850M–$950M target for 2027, supported by RASM drivers of ~1 point from loyalty, 0.75 point from product enhancements, 0.75 from Blue Sky/Paisley and 0.5 from network/satisfaction, CapEx of ≈$900M (14 deliveries, down from $1.1B/20 deliveries in 2025) with planned annual CapEx <$1B through the decade, liquidity of $2.5B (ex. $600M revolver), ~$800M of planned debt repayments (including $325M convertible), an intended ~$500M financing raise backed by ~$6.5B of unencumbered assets, estimated gross interest of ~$580M, and a path to positive free cash flow by 2027.

Jet Forward Delivered Meaningful EBIT Contribution

$305 million incremental EBIT in 2025 from Jet Forward; company expects an additional $310 million incremental EBIT in 2026 for a total of $615 million in 2026 and targets $850–$950 million incremental EBIT for full-year 2027.

Operational and Customer Experience Improvement

Beat all on-time performance targets in 2025 and improved every metric versus 2024; Net Promoter Score (NPS) improved by 8 points in 2025 and 17 points since the start of 2024, driving higher loyalty and repeat customers.

Premium and Loyalty Revenue Strength

Premium RASM outperformed core RASM by 13 points in Q4; loyalty revenue grew 8% for the full year and now represents over 13% of total revenue (up from 11% in 2023); premium-related initiatives (Mint, Even More, lounges, co-brand card) seeing strong adoption.

Revenue Trends and Guidance

Fourth-quarter unit revenue (RASM) was up 0.2% year-over-year (over two points better than guidance midpoint). Full-year 2026 guidance targets RASM growth of 2%–5% and capacity growth of 2.5%–4.5%, aiming for breakeven operating margin or better.

Fort Lauderdale Strategic Expansion Performing Above Expectations

Rapid ramp in Fort Lauderdale with over 20 new nonstop destinations announced and increased frequencies; expected Q4 RASM headwind from this expansion ~0.5 points versus the initially expected 1 point, with up to 26 daily Mint flights touching FLL.

Fuel Efficiency and Cost-Saving Initiatives

ASMs per gallon expected to improve ~1.5% in 2026 and ~5% over the last three years, equating to roughly $100 million of fuel savings in 2026; CASM ex-fuel growth guidance for 2026 is modest at 1%–3% as Jet Forward cost savings ramp.

Capital Discipline and Liquidity

2025 CapEx was $1.1 billion; 2026 CapEx expected about $900 million. Planned 2026–2029 capital lowered from $6 billion to $3 billion, with annual CapEx expected below $1 billion through the decade. Ended 2025 with $2.5 billion liquidity (ex. $600 million revolver).

Commercial & Distribution Partnerships Rolling Out

Blue Sky collaboration with United progressing (mutual distribution, loyalty benefits) and Paisley ancillary distribution to roll out non-air ancillaries (car rentals, hotels, cruises, packages, insurance) with expectation to sell all ancillaries by year-end 2026.

JetBlue Airways (JBLU) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JBLU Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 28, 2026	2026 (Q1)	-0.56 / -	-0.59	―	―	―
Jan 27, 2026	2025 (Q4)	-0.46 / -0.49	-0.21	-133.33% (-0.28)
Oct 28, 2025	2025 (Q3)	-0.43 / -0.40	-0.16	-150.00% (-0.24)
Jul 29, 2025	2025 (Q2)	-0.32 / -0.16	0.08	-300.00% (-0.24)
Apr 29, 2025	2025 (Q1)	-0.63 / -0.59	-0.43	-37.21% (-0.16)
Jan 28, 2025	2024 (Q4)	-0.29 / -0.21	-0.19	-10.53% (-0.02)
Oct 29, 2024	2024 (Q3)	-0.21 / -0.16	-0.39	58.97% (+0.23)
Jul 30, 2024	2024 (Q2)	-0.10 / 0.08	0.45	-82.22% (-0.37)
Apr 23, 2024	2024 (Q1)	-0.52 / -0.43	-0.34	-26.47% (-0.09)
Jan 30, 2024	2023 (Q4)	-0.27 / -0.19	0.22	-186.36% (-0.41)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

JBLU Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 27, 2026	$5.08	$4.73	-6.89%
Oct 28, 2025	$4.72	$4.16	-11.86%
Jul 29, 2025	$4.36	$4.65	+6.65%
Apr 29, 2025	$4.07	$4.18	+2.70%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.