10-Q · July 28, 2026
JetBlue delivered $2.697 billion of second-quarter revenue, up 14.5% year over year, but profitability weakened materially: net loss increased to $247 million and diluted EPS was negative $0.66, versus a $74 million…
Earnings analysis · 10-Q
JBLU earnings analysis
Filed October 26, 2026 · Our reading of the company's report
The latest report
JetBlue delivered strong revenue growth, with third-quarter revenue of $2.812 billion, up 21.1% year over year, and adjusted pre-tax margin improving slightly to negative 8.5% from negative 8.6%. However, net loss…
Read full summary
JetBlue delivered strong revenue growth, with third-quarter revenue of $2.812 billion, up 21.1% year over year, and adjusted pre-tax margin improving slightly to negative 8.5% from negative 8.6%. However, net loss widened to $257 million from $143 million and diluted EPS deteriorated to negative $0.68 from negative $0.39. The filing highlights substantial unhedged fuel exposure, including an estimated $376 million expense increase from a hypothetical 10% fuel-price rise, while providing no new quantitative guidance.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.68
What stood out
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Revenue grew 21.1% year over year
Third-quarter revenue was $2.812 billion, up $490 million, or 21.1%, from $2.322 billion in the prior-year quarter.
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Adjusted margin improved slightly
Adjusted pre-tax margin improved modestly to negative 8.5% from negative 8.6% in the prior-year quarter, despite the company remaining loss-making.
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Diluted loss per share worsened
The company reported a diluted loss per share of $0.68 versus a $0.39 loss in the prior-year quarter, a $0.29 deterioration.
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Net loss expanded materially
Net loss increased to $257 million from $143 million year over year, while loss before income taxes increased to $270 million from $196 million.
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Year-to-date revenue up, margins down
For the first nine months, revenue increased to $7.749 billion from $6.818 billion, while adjusted pre-tax margin was negative 10.9% versus negative 8.0%.
What to watch
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Unhedged fuel exposure
A hypothetical 10% increase in fuel cost per gallon would raise aircraft fuel expense by approximately $376 million over the next 12 months. The company had no outstanding fuel-hedging contracts as of September 30, 2026.
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Floating-rate debt exposure
The company had $2.1 billion of debt and finance lease obligations with floating interest rates; a 100-basis-point increase in rates would increase annual interest expense by approximately $21 million.
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Losses and EPS deterioration
Net loss was $257 million and diluted EPS was negative $0.68 in the quarter, compared with a $143 million net loss and negative $0.39 diluted EPS in the prior-year quarter.
Management's outlook
The supplied 10-Q text does not provide quantitative revenue or EPS guidance. The filing states there were no material changes to previously disclosed risk factors; separate earnings-release guidance is not treated as 10-Q guidance.
Earlier filings 4
10-Q · April 28, 2026
JetBlue reported a wider net loss of $(319) million in Q1 2026 vs $(208) million in Q1 2025, with diluted loss per share of $(0.86) vs $(0.59) a year ago. Management discloses material market risk sensitivities: a…
10-Q · October 28, 2025
JetBlue reported Q3 operating revenue of $2,322 million (vs. $2,365 million a year ago) and an operating loss of $100 million (worsened from a $38 million loss in Q3 2024). EPS was a loss of $0.39 per share (vs. a $0.17…
10-Q · July 29, 2025
JetBlue reported Q2 2025 operating revenue of $2,356.0 million and generated a small operating profit of $6 million, but recorded a net loss of $74 million (diluted EPS $(0.21)) primarily driven by higher interest…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.