earnings
confidence high
sentiment neutral
materiality 0.70
JetBlue raises Q3 RASM guidance 4 pts, lifts CASM and fuel outlook on weather/ATC disruptions
JETBLUE AIRWAYS CORP
- RASM YoY guidance raised to 17.0-20.0% from 12.5-16.5% (midpoint +4 pts).
- CASM ex-fuel YoY guidance raised to 6.0-8.0% from 2.5-4.5% on weather/ATC disruptions.
- Fuel price per gallon guidance up to $3.96 from $3.49; capex trimmed to ~$275M from ~$300M.
- Effective tax rate ~6% for Q3 and FY2026 due to valuation allowance.
- Demand strong with no elasticity; Q4 booking trends encouraging.