JetBlue Reports First Quarter 2026 Net Loss of $319 Million or $0.86 per Diluted Share
- Joe Breitfeller
- 2 hours ago
- 2 min read
JetBlue has reported a first quarter 2026 net loss of $319 million or ($0.86) per diluted share on a year-over-year increase in revenue of 4.7 percent to $2.2 billion. The company ended the quarter with $2.4 billion in liquidity, plus an undrawn $600 million revolver.
On Tuesday (April 28, 2026), JetBlue reported their first quarter financial results for the period ending March 31, 2026. The carrier reported a net loss of $319 million or ($0.86) per diluted share on a year-over-year increase in revenue of 4.7 percent to $2.2 billion. JetBlue’s first quarter revenue per available seat mile (RASM) increased 6.5 percent versus the same period last year to 14.60 cents, while cost per available seat mile (CASM) increased 8.3 percent to 16.06 cents. Costs excluding fuel (CASM-ex) increased 6.6 percent compared to Q1 2025 to 12.21 cents. JetBlue ended the first quarter with $2.4 billion in liquidity, excluding an undrawn $600 million revolving credit facility.
In Tuesday’s announcement, JetBlue’s President and CEO Joanna Geraghty, said,
“We delivered a strong first quarter, with revenue performance exceeding our expectations, driven by resilient consumer demand and an appreciation for JetBlue’s industry-leading customer offering. Demand trends strengthened as the quarter progressed, supporting improved yields, even in the face of a challenging operational environment.
“While the macro environment, particularly fuel, has become more volatile, we are taking decisive actions to manage what is within our control, including adjusting capacity, optimizing revenue, and maintaining disciplined cost control. At the same time, we are seeing clear evidence that JetForward is on track and working, and we remain confident it is the right plan to transform our business and get us closer to our financial priorities. In the near term, we are focused on mitigating the impact of elevated fuel prices, as JetForward continues to position us to restore sustained profitability over the long term.”
Also commenting on JetBlue’s first quarter 2026 financial results, JetBlue’s President, Marty St. George, said,
“As we look ahead, we are seeing continued strength across the booking curve, with momentum carrying into the second quarter supporting our unit revenue outlook. We are particularly pleased with the revenue trends and customer response we are seeing in Fort Lauderdale. All of our second quarter capacity growth is driven by Fort Lauderdale, and we plan to continue building upon our leadership position in this key focus city.”
JetBlue’s Chief Financial Officer, Ursula Hurley, added,
“The operating environment remains volatile, particularly with fuel prices expected to remain elevated in the near term, and we are taking meaningful action to mitigate the impact. In addition to our revenue efforts, we are reducing capacity during off-peak periods and driving additional cost savings throughout the business.”
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., Latin America, the Caribbean, Canada and Europe. JetBlue Airways Corporation trades on the NASDAQ under the ticker symbol JBLU.
Source: JetBlue/Business Wire
