NASDAQ$JBLU

JetBlue Airways Corp · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

JetBlue reported Q1 2025 operating revenues of $2.14B with a net loss of $208M and diluted loss per share of $0.59.

Total operating revenues were $2.14 billion for the quarter ended March 31, 2025, down slightly on lower passenger revenue per available seat mile. The net loss was $208 million ($0.59 diluted LPS) as fuel and interest expense remained elevated. Capacity and cost initiatives anchor the 2025 outlook.

  • Q1 operating revenues $2.14B; operating loss $174M.
  • Net loss $208M; diluted LPS $0.59.
  • ASM and yield management drive revenue trajectory.
  • Fuel, debt service, and competitive capacity affect margins.

Headline financials

Total Revenue

$2.14B

Previous: $2.21B-3.1%
EPS (adj)

-$0.59

Previous: -$2.11+72.0%
Operating Margin

-8.2%

Previous: -32.6%+74.8%
Pre-tax Margin

-12.7%

Previous: -34.7%+63.4%
Load Factor

80.7%

Previous: 79.7%+1.3%
Average Fare

$212.58

Previous: $214.39-0.8%
Yield per Passenger Mile

$0.16

Previous: $0.16-1.1%
Passenger Revenue per ASM

$0.13

Previous: $0.13+0.2%
Operating Expense per ASM

$0.15

Previous: $0.18-17.4%
CASM ex-Fuel

$0.11

Previous: $0.11+8.3%
Average Fuel Cost per Gallon

$2.57

Previous: $2.97-13.5%
Net Income

-$208M

Previous: -$716M+70.9%
Operating Income

-$174M

Previous: -$719M+75.8%
Gross Profit

-$104M

Previous: -$817M+87.3%

Revenue & EPS history

JetBlue · Revenue · Quarterly

$2.14B

Q1 2025-3.1%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

JetBlue · $1.74B total across 2 segments · Q1 2022

  • Passenger
    $1.6B+139.3%
  • Other
    $133M+111.1%

Forward guidance

Consumer and media companies cite traffic, pricing, and cost inflation in outlook commentary.

Tailwinds

  • Unit growth and mix improvements support sales.
  • Cost programs can expand margins when executed.

Headwinds

  • Consumer softness and labor costs pressure profitability.
  • Marketing and commodity inflation remain headwinds.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.3%

Avg return

Earnings day

-2.7%

Avg return

5 days after

+1.8%

Avg return

30 days after

40%

27 / 68 earnings

Positive

+13.3%

Q1 2020

Best reaction

-25.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%-1.6%+8.7%
Q4 2025-6.1%-4.1%+14.2%
Q3 2025-12.3%-11.0%-4.2%
Q1 2025+2.7%+17.0%+24.3%
Q4 2024-25.7%-18.7%-19.7%
Q3 2024-23.1%-21.2%-18.6%
Q2 2024+8.1%-6.2%-15.9%
Q1 2024-21.3%-23.0%-25.4%
Q4 2023-3.5%+4.4%+17.8%
Q3 2023-12.1%+4.5%+5.2%
Q2 2023-11.2%-14.0%-23.8%
Q1 2023+0.9%+4.7%+0.1%
Q4 2022-5.2%-4.9%-3.1%
Q3 2022-1.1%+2.9%+5.2%
Q2 2022+0.0%+1.0%-10.4%
Q1 2022-14.0%-15.7%-18.8%
Q4 2021+2.9%+10.1%+14.9%
Q3 2021-4.4%-4.8%-1.9%
Q2 2021-4.7%-8.0%-5.6%
Q1 2021-2.7%-1.0%-0.1%
Q4 2020-2.3%-1.7%+25.5%
Q3 2020-11.5%-4.7%+26.0%
Q2 2020-2.7%+1.1%+13.4%
Q1 2020+13.3%+0.5%+70.7%
Q4 2019+4.3%+2.4%+4.1%
Q3 2019+7.8%+7.1%+6.3%
Q2 2019+3.2%+2.2%-5.0%
Q1 2019+8.1%+7.7%+4.5%
Q4 2018+2.7%+5.1%-0.1%
Q3 2018-4.5%-1.8%+8.9%
Q2 2018-13.1%-8.9%-4.6%
Q1 2018-3.7%-3.2%-4.4%
Q4 2017-7.0%-6.3%-3.3%
Q3 2017-0.8%-2.5%+0.1%
Q2 2017-3.0%-3.1%-15.0%
Q1 2017+2.3%+0.4%+4.9%
Q4 2016-9.7%-9.9%-10.1%
Q3 2016-6.4%-7.9%+11.9%
Q2 2016+7.4%+6.1%-7.3%
Q1 2016+1.1%
Q4 2015+0.3%
Q3 2015-6.0%
Q2 2015+2.6%
Q1 2015+5.2%
Q4 2014+6.5%
Q3 2014-2.0%
Q2 2014+1.2%
Q1 2014-7.8%
Q4 2013+2.8%
Q3 2013-4.2%
Q2 2013-1.7%
Q1 2013-3.6%
Q4 2012+1.0%
Q3 2012+0.4%
Q2 2012-1.3%
Q1 2012-0.2%
Q4 2008-1.2%
Q4 2011-1.2%
Q3 2011+3.5%
Q2 2011-3.4%
Q1 2011+1.7%
Q4 2010+0.9%
Q3 2010+1.0%
Q3 2009+1.0%
Q4 2009-1.9%
Q2 2009-1.9%
Q2 2010-1.9%
Q1 2010-0.9%

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