In its 2026 airline outlook report, Bank of America Securities held JetBlue at an Underperform rating, citing persistent cost pressures and limited free cash flow visibility compared with peers. Analysts highlighted that JetBlue’s unit costs rose by 5.2% year-over-year in the fourth quarter of 2025, driven primarily by higher fuel hedging losses and wage inflation. While industry capacity growth is expected to be constrained to around 3%, JetBlue’s modest market share gains in the Caribbean and Latin America are unlikely to offset its elevated operating expenses. Bank of America projects JetBlue’s free cash flow margin to remain below 6% in 2026, significantly trailing Delta and United, which are forecast to generate free cash flow margins above 10%.

JetBlue opened 2026 with a bold expansion out of Fort Lauderdale-Hollywood International Airport, inaugurating three new nonstop routes. Starting January 15, the carrier began daily service to San Juan, Puerto Rico and Montego Bay, Jamaica, each operating one round trip per day. On February 1, JetBlue added year-round, twice-daily flights between Fort Lauderdale and Dallas Love Field, marking its first ever Dallas service out of Florida. Additionally, the airline increased frequency on its LaGuardia-Fort Lauderdale corridor from six to eight daily round trips, supporting its strategy to deepen its Florida network and capture strong premium demand during winter travel peaks.