JetBlue Reports First Quarter 2025 Net Loss of $208 Million or $0.59 per Diluted Share

JetBlue has reported a first quarter 2025 net loss of $208 million or ($0.59) per diluted share on a year-over-year decline in revenue of 3.1 percent to $2.14 billion.  At March 31, 2025, the carrier had $3.8 billion in total liquidity.

JetBlue Airbus A321 Featuring Mint Livery - Courtesy JetBlue

On Tuesday (April 29, 2025), JetBlue reported their first quarter financial results for the period ending March 31, 2025.  The carrier reported a first quarter net loss of $208 million or ($0.59) per diluted share on a 3.1 percent year-over-year decline in revenue to $2.14 billion.  JetBlue’s first quarter revenue per available seat mile (RASM) increased 1.3 percent compared to the same period last year to 13.71 cents, while cost per available seat mile (CASM) declined 17.4 percent to 14.83 cents.  Costs excluding fuel (CASM-ex) increased 8.3 percent to 11.45 cents.  At the end of the first quarter, JetBlue had total liquidity of $3.8 billion, as well as more than $5.0 billion in unencumbered assets.

In Tuesday’s announcement, JetBlue’s Chief Executive Officer, Joanna Geraghty, said,

“During the first quarter, we delivered a strong operation and efficiently executed on costs. JetForward is ramping well, and we are focused on successfully managing what we can control.  We also acted urgently to manage near-term revenue uncertainty.  We were the first carrier to make meaningful capacity adjustments, swiftly moving to better match supply with demand.  As we continue to monitor the evolving macro backdrop, we are evaluating all levers available to us to boost profitability and preserve cash, including additional capacity reductions, targeted cost savings, and further evaluation of our fleet retirement schedule. Given the macroeconomic uncertainty, we are not re-affirming our prior full-year guidance.

“Operational improvements made over the quarter are especially notable, as our investments in reliability, tied to our JetForward strategy, have driven year-over-year improvement in on-time performance over the last three quarters and resulted in significant increases in customer satisfaction and cost savings.  From our impressive operation over the quarter to the early success of our products and perks initiatives, such as EvenMore® and our premium co-branded card, we are seeing encouraging signs that JetForward is working and that it is the right plan. Thank you to our crewmembers for your commitment to running a safe and reliable operation and to your commitment to the JetForward strategy.  Your dedication to offering the caring service JetBlue is known for makes a significant impact on the customer experience and is a core reason new and loyal customers keep coming back to fly JetBlue.”

JetBlue's First Quarter 2025 Financial Results - Courtesy JetBlue

JetBlue is ‘New York’s Hometown Airline®’ and a leading carrier in Boston (BOS), Fort Lauderdale (FLL), Los Angeles (LAX), Orlando (MCO) and San Juan (SJU).  The airline carries guests to over 100 destinations across the U.S., Caribbean, Latin America, the UK (London Heathrow, London Gatwick, Edinburgh), Paris, Amsterdam and Dublin.  JetBlue Airways Corporation trades on the NASDAQ under the ticker symbol JBLU.

Source: JetBlue/Business Wire