JetBlue Q1 revenue up 4.7% to $2.2B; Q2 fuel outlook $4.13-$4.28/gal, up ~40%

JETBLUE AIRWAYS CORP

2026-Q1 EPS reported -$0.86 revenue$2,240,000,000

Q1 revenue $2.2B (+4.7% YoY); RASM +6.5%; capacity -1.7% YoY; CASM ex-fuel +6.6% with ~4 pts from disruptions.
Q2 fuel price guided $4.13-$4.28/gal (vs Q1 $2.96); fuel recapture only 30-40% in Q2, targeting 100% by early 2027.
Reducing H2 capacity by at least 2-3 pts vs prior plan; Q2 capacity lowered nearly 1 pt vs close-in expectations.
Executed $500M aircraft-backed financing (can upsize $250M); repaid $325M convertible notes; liquidity $2.4B.
JetForward on track for $310M incremental EBIT in 2026; FLL RASM +5% on 23% capacity growth; loyalty cash +19%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JETBLUE AIRWAYS CORP reported first quarter ended March 31, 2026 results: revenue $2.2 billion.

Period: first quarter ended March 31, 2026
Revenue: $2.2 billion
Result: reported results

Exact text from the filing

Financial Results • First quarter 2026 system capacity decreased by 1.7% year-over-year, within our revised guidance (1) range of down 2.0% to down 1.0%. • Operating revenue of $2.2 billion for the first quarter of 2026, an increase of 4.7% year-over-year. • Operating revenue per available seat mile ("RASM") increased 6.5% year-over-year, near the better end of our

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Source: SEC EDGAR

accession 0001158463-26-000060

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