JBLU
JetBlue Airways Corporation4.9400
+0.0500+1.02%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Strong demand, FLL upside in Q&A
Q&A lit up stronger demand signals than prepared remarks implied, with executives calling bookings 'strong' after over a year without the word, citing normalized curves, domestic coach recovery, and Caribbean rebound post-airspace blip. Fort Lauderdale ramp exceeded expectations even more, unlocking gates from Spirit pullbacks for connectivity banks and lounge exploration, yet no further competitor shrinkage assumed. Unencumbered assets climbed to $6.5B via updated appraisals. TrueBlue earned top US loyalty NPS. No rabbits in the hat. Management prepped Spirit scenarios and macro levers, radiating confidence in breakeven; watch leisure momentum.
Key Stats
Market Cap
1.80BP/E (TTM)
-Basic EPS (TTM)
-1.30Dividend Yield
0%Recent Filings
10-K
FY2025 results
JetBlue narrowed its FY2025 net loss to $602 million from $795 million in 2024, driven by lower fuel costs at $2.49/gallon (down 9.3% y/y amid 3.2% consumption drop) and JetForward efficiencies, yet revenue fell 2.3% to $9.1 billion on 1.6% capacity cut and softening demand; Q4 faced headwinds from government shutdowns, Airbus directive, and weather, but on-time hit 74.3% while ASMs dipped just 1.6% y/y. CASM ex-fuel rose 6.2% to 11.2 cents on maintenance (+26%) and labor (+5.8%), with $2.5 billion liquidity cushioning $11.5 billion debt. Fleet shrank to 288 all-Airbus post-E190 retirement (net $32 million gain), eyeing capital-light growth via 86 orders through 2033. Q4 accelerated network gains in Fort Lauderdale leisure routes. Fuel volatility threatens quarterly momentum.
8-K
JetBlue Q4 loss narrows, JetForward beats
JetBlue reported Q4 2025 results on January 27, 2026, with $2.2B revenue down 1.5% YoY on 1.6% lower capacity, yet RASM edged up 0.2% amid strong demand. JetForward delivered $305M incremental EBIT, beating targets via reliability gains and network shifts, while full-year net loss narrowed to $602M. JetForward targets $310M more in 2026; FY26 eyes breakeven operating margin despite GTF groundings. Progress builds momentum.
8-K
JetBlue amends bylaws
JetBlue Airways amended its bylaws on December 9, 2025, tightening stockholder nomination notices, updating proxy access to match Delaware law, and specifying exclusive Delaware forums for corporate and Securities Act disputes. Directors now follow governance guidelines for majority-vote resignations. Changes modernize procedures while curbing activism.
8-K
JetBlue Q4 update: disruptions hit ASMs
JetBlue issued a Q4 2025 operational update on December 2, citing healthy demand and on-track bookings despite disruptions. Hurricane Melissa and FAA shutdown-related cancellations trimmed ASM growth by one point; an Airbus directive cut it another 0.25%. Disruptions hit non-fuel unit costs by one point. Risks abound.
10-Q
Q3 FY2025 results
JetBlue's Q3 revenue dipped 1.8% y/y to $2.3B on softening demand and 0.9% higher capacity, yet operating loss widened modestly to $100M from $38M as fuel costs fell 7.6%. Maintenance jumped 31.1% on A320 engine timing, but E190 fleet sales netted $24M gain while completing the all-Airbus shift. Cash climbed to $2.4B with $2.9B total liquidity and $600M undrawn revolver; debt edged down to $8.5B after $339M repayments. Operating loss exceeded net loss by $43M, driven by $146M interest expense. Fleet groundings persist. JetForward sharpens East Coast leisure focus. Competition squeezes yields.
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