- JetBlue reported a net loss of $257m (€220m) in Q3 2026.
- Revenue rose 21pc to $2.81bn (€2.41bn).
- Fuel prices averaged $3.91 (€3.35) per gallon a 57pc increase.
- JetBlue cut its full-year operating margin forecast.
- The airline targets $1 (€0.86) earnings per share by 2028.
JetBlue Airways has reported a deeper operating loss margin for 2026 in its third quarter results while reaffirming confidence in returning to sustained operating profitability in 2027. The carrier reported a net loss of $257m (€220m) widening from $143m (€122m) a year earlier. Diluted loss per share was $0.68 or an adjusted loss of $0.60 per share.
Total operating revenue rose 21pc year-over-year to $2.81bn (€2.41bn) driven by higher fares and strong performance in markets like Fort Lauderdale. Operating expenses grew 22.1pc to $2.96bn (€2.54bn) outpacing revenue growth. Jet fuel prices averaged $3.91 (€3.35) per gallon in the quarter a 57pc surge compared with the previous year.
The airline cut its full-year adjusted operating margin forecast to negative 4.5pc to negative 6.5pc from negative 2pc to negative 5pc. JetBlue expects fuel costs to average $4.64 (€3.98) per gallon in the fourth quarter. The airline aims to deliver at least $1 (€0.86) in earnings per share and positive free cash flow by 2028. The JetForward plan focuses on cost management and premium seating.
Joanna Geraghty shared “JetBlue remains on track to reach sustained operating profitability in 2027 despite near term pressures.”
