JetBlue Airways Q3 revenue rises on strong yields
JBLU•JetBlue Airways’ Q3 operating revenue rose 21% year over year to $2.81 billion, while adjusted loss per share was $0.60, wider than the $0.54 analyst consensus. The company expects Q4 RASM growth of 18% to 22% year over year and forecasts a full-year adjusted operating margin of negative 4.5% to negative 6.5%.
1. Quarterly results
JetBlue Airways reported Q3 operating revenue of $2.81 billion, up 21% year over year, driven by strong demand and yields. Adjusted loss per share was $0.60, compared with analyst expectations of $0.54; the company reported a loss per share of $0.68 and operating expenses of $2.96 billion.
2. Outlook and drivers
JetBlue expects Q4 RASM growth of 18% to 22% year over year and forecasts a full-year adjusted operating margin of negative 4.5% to negative 6.5%. It maintained its target of at least $1 in EPS and positive free cash flow in 2028. The company said improved revenue-management technology and strong yields drove most of its Q3 revenue outperformance; loyalty revenue rose 20%, while co-brand credit card acquisitions in Broward County increased 55% year over year.
