EarningsQ2 2026 Earnings Report
MX:JBLU Q2 2026 EPS Results
Actual EPS-$11.70
Consensus EPS-$12.29
Beat/MissBeat by +$0.59
One Year Ago EPS-$2.84
MX:JBLU Q2 2026 Revenue Results
Actual Revenue$47.83B
Expected Revenue$47.74B
Beat/MissBeat by +$84.59M
YoY Revenue Growth+14.47%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:JBLU Upcoming Earnings
JetBlue Airways's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:JBLU Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear positive momentum: strong RASM growth, significant early JetForward EBIT contribution, successful Fort Lauderdale expansion, accelerating loyalty and credit-card metrics, and a restored full-year outlook with a pathway to sustained profitability in 2027 and EPS upside in 2028. However, material near-term headwinds remain — notably volatile fuel prices, July operational disruptions, a still-negative full-year operating margin, and multi-year timing for BlueFirst benefits. Overall, the company presented a constructive narrative of execution and a credible multi-year plan while acknowledging risks tied to fuel and operations.Company Guidance
Strong Revenue Performance (RASM)
RASM increased 10.9% year-over-year in Q2 2026; company reiterates full-year RASM guidance of +10.0% to +12.5% and Q3 RASM guidance of +12.5% to +16.5% year-over-year.
JetForward EBIT Contribution
JetForward delivered $165 million of incremental EBIT in the first half of 2026, bringing cumulative JetForward benefit to $470 million; company on track for at least $310 million incremental JetForward EBIT in 2026.
Fuel Recapture Progress
Recovered nearly 50% of higher fuel costs in Q2 (exceeding the 40% target); aiming for 100% fuel recapture by early 2027 (assumes sustained demand).
Cost Control — CASM ex‑fuel
Q2 CASM ex‑fuel increased 2.4% year-over-year, which was ~1.5 points better than the midpoint of guidance; full-year CASM ex‑fuel now expected to be +2% to +4% and Q3 guidance +2.5% to +4.5%.
Reinstated Full-Year Operating Margin Outlook
Reestablished full-year operating margin guidance of approximately negative 2% to negative 5%, with midpoint implying ~3.5 points year-over-year operating margin improvement in the second half.
Longer-Term Earnings Targets (BlueFirst & JetForward)
Management expects JetForward and BlueFirst to drive ~ $1.2 billion of annual incremental EBIT and return to positive pretax margin, targeting at least $1.00 EPS in 2028 (assumes ~$3/gal jet fuel in 2028).
Fort Lauderdale Expansion & Early Success
Plan to operate >150 daily flights from Fort Lauderdale by winter; Fort Lauderdale RASM up ~11% despite nearly 40% capacity growth, indicating strong demand and successful redeployment of flying.
Loyalty and Credit-Card Momentum
Nearly 40% growth in new card acquisitions, 21% higher loyalty remuneration in the quarter, TrueBlue enrollments +44% in South Florida, and co‑brand acquisitions more than doubled year-over-year.
Liquidity and Balance Sheet Actions
Ended Q2 with $2.2 billion of cash and investment securities (~23% of trailing 12‑month revenue) and an undrawn $600 million credit facility; executed $500 million aircraft-backed financing at ~6.5% with a $250 million accordion.
Capital Discipline
Q3 CapEx expected ~ $300 million and full-year 2026 CapEx ~ $850 million; management expects annual CapEx to remain below $1 billion through the end of the decade.
MX:JBLU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed