JetBlue sees 3Q 2026 RASM growth of 12.5% to 16.5% year-over-year
Company expects FY 2026 RASM growth of 10.0% to 12.5% year-over-year
JetBlue targets 2028 EPS of at least $1.00 per share, assuming demand strength and $3 jet fuel
Overview
US airline's Q2 operating revenue rose 14.5% yr/yr to $2.7 bln, driven by demand strength
Adjusted loss per share for Q2 was $0.66, beating analyst expectations
Operating expenses rose 20.8% yr/yr, mainly due to higher fuel costs
Result Drivers
Demand strength - Co said strong customer demand and commercial actions drove 10.9% RASM growth in Q2
Premium and loyalty gains - Premium RASM rose 13% and loyalty revenue increased 13% yr/yr, aided by new credit card acquisitions and expanded customer benefits
Fuel cost recovery - Co recaptured nearly 50% of higher fuel costs in Q2, exceeding expectations
Analyst coverage and valuation
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 13 "hold" and 5 "sell" or "strong sell"
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