JetBlue Reports Second Quarter 2025 Net Loss of $74 Million or $0.21 per Diluted Share
- Joe Breitfeller
- Jul 29
- 3 min read
JetBlue has reported a second quarter 2025 net loss of ($74) million or ($0.21) per diluted share on a year-over-year decline in revenue of 3.0 percent to $2.36 billion. The company ended the second quarter with $2.14 billion in cash and cash equivalents.
On Tuesday (July 29, 2025), JetBlue reported their second quarter financial results for the period ending June 30, 2025. The carrier reported a net loss of ($74) million or ($0.21) per diluted share on a 3.0 percent year-over-year decline in revenue to $2.36 billion. JetBlue’s second quarter revenue per available seat mile (RASM) decreased 1.5 percent to 14.17 cents, while cost per available seat mile (CASM) increased 0.6 percent to 14.13 cents. Costs excluding fuel (CASM-ex) increased 6.0 percent compared to Q2 2024 to 10.86 cents. JetBlue ended the period with $2.14 billion in cash and cash equivalents, and $1.23 billion in investment securities.
In Tuesday’s announcement, JetBlue’s CEO, Joanna Geraghty, said,
“We ended the first half of 2025 with meaningful progress on JetForward. Operational investments drove significant reliability improvements, with on-time performance up three points year-over-year. Customer satisfaction also increased considerably over the first half of this year, and JetBlue's Net Promoter Score rose by double digits. Despite facing an uncertain economic backdrop, we met or exceeded our financial targets, delivering a modest operating profit for the quarter. The momentum we have built since launching our multi-year strategy last summer reinforces our conviction that JetForward is the right plan to return JetBlue to sustained profitability.”
Also commenting on the airline’s second quarter results and other developments, JetBlue’s President, Marty St. George, added,
“Demand for air travel improved as the quarter progressed, resulting in significant strength for bookings within 14-days of travel, as well as for peak travel periods. We are encouraged to see that momentum carry into July and, we are optimistic that demand will continue to improve through the end of the year.
“In May, we marked another significant milestone for JetForward, introducing Blue Sky, a collaboration with United that is designed to deliver clear benefits to customers. We believe Blue Sky will enable each airline to offer its customers access to hundreds of new flights and destinations through a traditional interline agreement, with the opportunity to earn and redeem loyalty points and miles across each other's networks. United has agreed to transition its distribution of non-flight ancillaries such as hotels, rental cars, and more to our travel products subsidiary Paisly – turbocharging Paisly’s high-margin growth.
“Blue Sky is expected to contribute $50 million more in incremental EBIT than we had initially planned for a partnership – accelerating JetForward. We are recalibrating the total program range and now anticipate $850 to $950 million in EBIT benefit by the end of 2027, up from $800 to $900 million previously.”
During the second quarter, JetBlue executed definitive agreements to sell their remaining Embraer E190 fleet, as well as two upcoming Airbus A321neo XLR deliveries. The company also welcomed additional loyalty partners, including Japan Airlines.
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, and Europe. JetBlue Airways Corporation trades on the NASDAQ under the ticker symbol JBLU.
Source: JetBlue/Business Wire
