NASDAQ$JBLU

JetBlue Airways Corp · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

JetBlue Airways Corp reported a net loss of $74 million for Q2 2025 amid softening demand.

JetBlue posted operating income of $6 million on $2.36 billion in revenue for the three months ended June 30, 2025, down from $57 million operating income in the prior year. Passenger revenue declined 3.8% year-over-year to $2.18 billion while fuel costs fell sharply. The company continued executing its JetForward strategy with network adjustments and a new collaboration with United Airlines.

  • Operating revenue fell 3.0% to $2.36 billion as capacity declined 1.5% and revenue passengers dropped 3.9%.
  • Aircraft fuel expense decreased 19.4% to $504 million due to lower fuel prices and consumption.
  • Net loss widened to $74 million from net income of $25 million in Q2 2024, driven by higher interest expense.
  • System load factor was 81.9% and on-time performance improved to 77.3%.

Headline financials

Total Revenue

$2.36B

Previous: $2.43B-3.0%
EPS (adj)

-$0.21

Previous: $0.07-400.0%
Average stage length

1.3K

No prior period
Average fare

$218.52

No prior period
Yield per passenger mile

16.0%

No prior period
Passenger revenue per ASM

13.1%

No prior period
Operating revenue per ASM

14.2%

No prior period
Operating expense per ASM

14.1%

No prior period
Revenue passengers

10.0M

No prior period
Revenue passenger miles

13.6B

No prior period
Available seat miles

16.6B

No prior period
Departures

78.8K

No prior period
Fuel gallons consumed

210.0M

No prior period
Load factor

81.9%

Previous: 84.0%-2.5%
Average fuel cost per gallon

$2.40

No prior period
Capital Expenditures

-$309M

Previous: -$451M+31.5%
Net Income

-$74M

Previous: $25M-396.0%
Operating Income

$6M

Previous: $57M-89.5%
Cash & Equivalents

$2.14B

Previous: $1.31B+62.7%
Total Assets

$16.9B

Previous: $14B+20.8%

Revenue & EPS history

JetBlue · Revenue · Quarterly

$2.36B

Q2 2025-3%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

JetBlue · $2.36B total across 2 segments · Q2 2025

  • Passenger
    $2.18B
  • Other
    $177M

Forward guidance

JetBlue continues to execute JetForward initiatives focused on reliable service, east coast leisure network, customer products, and financial security while monitoring macroeconomic conditions.

Tailwinds

  • On-time performance improved to 77.3%.
  • New seasonal Mint service and international routes announced.
  • Blue Sky collaboration with United Airlines approved by DOT.

Headwinds

  • Softening demand due to uncertain macro environment.
  • Expected peak aircraft groundings from Pratt & Whitney engine issues in 2025.
  • Higher interest expense from recent financings.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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
Q2 2025
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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