Every material Form 8-K JetBlue has filed with the SEC since May 23, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
JetBlue reported third-quarter 2026 operating revenue of $2.8 billion, up 21.1% from a year earlier, driven by higher yields. Its net loss widened to $257 million, or $0.68 per share, from $143 million, or $0.39 per share, as fuel costs rose 57.4% per gallon. The company also gave fourth-quarter and full-year 2026 outlook figures and said it expects further operating margin expansion in the fourth quarter.
Q3 2026 operating revenue was $2.8 billion, up 21.1% year-over-year; operating loss was $144 million versus $100 million a year earlier.
Net loss was $257 million ($0.68 per share) compared with $143 million ($0.39 per share) in Q3 2025.
Average fuel cost was $3.91 per gallon, 57.4% higher than a year earlier; Q4 2026 fuel price is estimated at $4.64 per gallon.
JetBlue expects 1 to 2 points of year-over-year operating margin expansion in the fourth quarter and reported $2.2 billion of liquidity at September 30, 2026.
JetBlue disclosed that directors Jesse Lynn and Steven D. Miller resigned from its board, effective August 24, 2026, after the Icahn Group's ownership fell below the level that entitled it to two board seats under a 2024 agreement. The filing says the resignations were not due to any disagreement with the company's operations, policies or practices.
Resignations effective August 24, 2026, following notice from the Icahn Group on August 21, 2026
Jesse Lynn also left the audit, governance and nominating, and finance committees
Steven D. Miller also left the audit and finance committees
Resignations were tied to the Director Appointment and Nomination Agreement dated February 16, 2024
JetBlue reported a second-quarter 2026 net loss of $247 million, or $0.66 per share, up from a $74 million loss, or $0.21 per share, a year earlier. Operating revenue rose 14.5% to $2.7 billion, but aircraft fuel costs rose 80.7%, and the company posted an operating loss of $141 million. The company also re-established its full-year 2026 outlook and introduced a 2028 earnings target of at least $1.00 per share.
Q2 2026 net loss of $247 million, or $0.66 per share, compared with a net loss of $74 million, or $0.21 per share, in Q2 2025.
Operating revenue of $2.7 billion, up 14.5% year-over-year; operating loss of $141 million compared with operating income of $6 million a year earlier.
Aircraft fuel expense rose 80.7% to $911 million; average fuel price was $4.23 per gallon, up $1.83 year-over-year.
Introduced a 2028 EPS target of at least $1.00 per share, assuming continued demand strength and an average $3.00 per gallon jet fuel price in 2028.
JetBlue reported a first-quarter 2026 net loss of $319 million, or $0.86 per share, compared with $208 million, or $0.59 per share, a year earlier, on operating revenue of $2.2 billion, up 4.7%. Total operating expenses rose 6.5%, with aircraft fuel up 12.1%, and the company said it is reducing capacity and expects fuel of $4.13 to $4.28 per gallon in the second quarter, which keeps pressure on shareholders' near-term profitability.
Operating revenue of $2.2 billion rose 4.7% year-over-year, and revenue per available seat mile rose 6.5%.
Net loss was $319 million, or $0.86 per share, versus a net loss of $208 million, or $0.59 per share, in the first quarter of 2025.
Average fuel price was $2.96 per gallon in the first quarter, up 15.2%; the second-quarter fuel price outlook is $4.13 to $4.28 per gallon.
Second-quarter outlook calls for revenue per available seat mile up 7.0% to 11.0% and cost per available seat mile excluding fuel up 3.0% to 5.0%; liquidity was $2.4 billion at March 31, 2026.
JetBlue reported fourth-quarter 2025 operating revenue of $2.2 billion, down 1.5% year over year, and a net loss of $177 million, compared with $44 million a year earlier. For full-year 2025, revenue fell 2.3% to $9.1 billion and the net loss narrowed to $602 million from $795 million. The company also outlined 2026 targets, including adjusted operating margin of breakeven or better, which shareholders will be watching against future results.
Q4 2025 net loss was $177 million, or $0.48 per share, versus $44 million, or $0.13 per share, in Q4 2024.
Full-year 2025 net loss was $602 million, or $1.66 per share, versus $795 million, or $2.30 per share, in 2024.
Estimated full-year 2026 guidance includes RASM up 2.0% to 5.0% year over year and adjusted operating margin of breakeven or better.
Estimated full-year 2026 interest expense is about $580 million and capital expenditures about $900 million.
JetBlue reported a third-quarter 2025 net loss of $143 million, or $0.39 per share, compared with a net loss of $60 million, or $0.17 per share, a year earlier. Operating revenue fell 1.8% to $2.3 billion, and the company said revenue and costs landed in the better half of its revised guidance ranges and that it improved its full-year unit cost guidance. The filing also gives an outlook for the fourth quarter and full-year 2025, which shareholders can use to compare with future results.
Net loss of $143 million ($0.39 per share) for Q3 2025, versus a $60 million loss ($0.17 per share) in Q3 2024.
Operating revenue of $2.3 billion, down 1.8% year-over-year; revenue per available seat mile fell 2.7%.
Operating loss of $100 million versus $38 million a year earlier.
Cumulative JetForward incremental EBIT of $180 million to date, against a $290 million target for year-end 2025; full-year results due January 2026.
JetBlue reported a second-quarter 2025 GAAP net loss of $74 million, or $(0.21) per share, compared with net income of $25 million, or $0.07 per share, a year earlier. Operating revenue fell 3.0% to $2.4 billion, and the company raised its expected JetForward EBIT benefit range to $850 to $950 million by the end of 2027, while also re-instating its initial full-year unit cost guidance.
Q2 2025 GAAP net loss of $74 million, or $(0.21) per share, versus net income of $25 million, or $0.07 per share, in Q2 2024
Operating revenue of $2.4 billion, down 3.0% year over year; operating margin of 0.3% versus 2.3% a year earlier
Non-GAAP adjusted net loss of $58 million, or $(0.16) per share, excluding special items and investment gains and losses
Average aircraft on the ground now expected to be fewer than 10 this year, down from mid-to-high teens; full-year 2025 CASM ex-fuel guidance of 5.0% to 7.0% increase
JetBlue reported a first-quarter 2025 net loss of $208 million, or $(0.59) per share, compared with a net loss of $716 million, or $(2.11) per share, a year earlier, when results included special items. Operating revenue fell 3.1% to $2.1 billion, and the company said it is not reaffirming its prior full-year guidance because of macroeconomic uncertainty, while providing weaker second-quarter revenue and higher unit cost outlooks.
Q1 2025 net loss of $208 million, or $(0.59) per share, versus $716 million, or $(2.11) per share, in Q1 2024
Operating revenue of $2.1 billion, down 3.1% year over year; operating margin of (8.2)%
Full-year 2025 guidance not reaffirmed; Q2 2025 RASM guided to a decline of 3.5% to 7.5% year over year
Ended the quarter with $3.8 billion in liquidity, excluding an undrawn $600 million revolving credit facility
JetBlue reported a fourth-quarter 2024 net loss of $44 million, or $(0.13) per share, compared with a $104 million loss a year earlier, while operating revenue fell 2.1% to $2.3 billion. For full-year 2024, the net loss widened to $795 million from $310 million, and the company expects to reach a positive operating margin in 2025, with full-year adjusted operating margin guidance of 0.0% to 1.0%.
Q4 2024 net loss of $44 million, or $(0.13) per share, versus a $104 million loss, or $(0.31) per share, in Q4 2023
Q4 2024 operating revenue of $2.3 billion, down 2.1% year over year; operating margin of 0.7%
Full-year 2024 net loss of $795 million, or $(2.30) per share, versus $310 million, or $(0.93) per share, in 2023
2025 outlook: full-year revenue per available seat mile (RASM) up 3.0% to 6.0%; first-quarter 2025 RASM down 0.5% to up 3.5%
JetBlue reported third-quarter 2024 GAAP net loss of $60 million, or $0.17 per share, versus $153 million, or $0.46 per share, a year earlier, on operating revenue of $2.4 billion, up 0.5%. The company also guided to fourth-quarter 2024 revenue down 3.0% to 7.0% year over year and full-year 2024 revenue down 4.0% to 5.0%, so shareholders face a narrower loss alongside weaker revenue expectations for the rest of the year.
Q3 2024 operating loss of $38 million, versus $156 million in Q3 2023; operating margin of (1.6)%
Q3 2024 operating revenue of $2.365 billion, up 0.5%; fuel expense fell 16.8% to $584 million
Q4 2024 revenue guided to (7.0)% to (3.0)% year over year; full-year 2024 revenue guided to (5.0)% to (4.0)%
Company cites $2.6 billion in cash and cash equivalents at September 30, 2024, up from $1.2 billion at December 31, 2023
JetBlue appointed Sean Menke, former executive chair of Sabre Corp., to its board of directors effective September 12, 2024, and also disclosed that director B. Ben Baldanza resigned from the board, effective the same date. The filing reports no financial results or guidance, so the changes affect board composition rather than the company's reported performance.
Sean Menke was appointed to the board on September 12, 2024, as an independent director and will serve on the Audit and Safety committees.
Menke was executive chair of Sabre Corp. from early 2022 until April 2024 and was Sabre's CEO until April 2023.
B. Ben Baldanza resigned from the board, effective September 12, 2024, for personal reasons, after serving as a director since 2018.
After the change, JetBlue's board has 13 members, 12 of whom are independent.
JetBlue and its loyalty unit co-issued $2 billion of 9.875% senior secured notes due 2031 on August 27, 2024, and entered a new $765 million senior secured term loan facility the same day. Both debt instruments are secured by a first lien on collateral tied to the TrueBlue loyalty program, which adds to the company's secured debt load for shareholders.
Notes: $2,000 million principal at 9.875%, maturing September 20, 2031; interest paid quarterly, first payment December 20, 2024
Term loan: $765 million senior secured facility maturing August 27, 2029, with variable interest at Term SOFR plus a margin
Notes and term loan share a first lien on collateral connected to the TrueBlue loyalty program
On August 28, 2024, an additional $60 million of 2.50% convertible senior notes due 2029 were issued after the initial purchasers exercised their option
JetBlue issued $400 million of 2.50% Convertible Senior Notes due 2029 on August 16, 2024, in a private placement under Rule 144A. The company used the proceeds to repurchase part of its existing 0.50% convertible notes due 2026 and to pay offering fees and expenses. The filing shows new debt that carries a conversion price about 27.5% above the August 12, 2024 share price, and it does not report any change in operating results.
Notes: $400 million principal, 2.50% annual interest, paid semi-annually, maturing September 1, 2029
Initial conversion price of approximately $6.12 per share, a 27.5% premium over the $4.80 close on August 12, 2024
Proceeds used to repurchase part of the 0.50% convertible notes due 2026 and to pay offering fees and expenses
Company may not redeem the notes before September 1, 2027
JetBlue reported second quarter 2024 net income of $25 million, or $0.07 per share, down from $138 million, or $0.41 per share, a year earlier. It also outlined JetForward, a strategy targeting $800 million to $900 million of incremental EBIT from 2025 through 2027, and lowered its revenue outlook for the third quarter and full year 2024.
Q2 2024 operating revenue was $2.4 billion, down 6.9% year-over-year, and operating income was $57 million versus $235 million a year earlier.
Excluding special items, adjusted net income was $26 million, or $0.08 per share.
Third quarter 2024 revenue is estimated to change (5.5%) to (1.5%) year-over-year, and full year 2024 revenue (6.0%) to (4.0%).
JetForward targets $800 million to $900 million of incremental EBIT from 2025 to 2027 and deferral of approximately $3.0 billion of capital expenditures through 2029.
JetBlue said General Counsel and Corporate Secretary Brandon Nelson will leave the role effective August 5, 2024, and will serve as a strategic advisor through November 1, 2024. Eileen McCarthy, a former JetBlue legal executive now at UiPath, will succeed him. The filing describes a leadership change in the legal function and does not report any financial results.
Brandon Nelson's General Counsel and Corporate Secretary roles end effective August 5, 2024; his advisory period runs through November 1, 2024.
Eileen McCarthy succeeds Nelson, effective August 5, 2024, and will report to CEO Joanna Geraghty.
Nelson's separation terms include $550,000 in salary continuation over 12 months and a pro-rated 2024 bonus of $393,208.
At its May 17, 2024 annual meeting, JetBlue stockholders did not approve the advisory vote on executive compensation or a charter amendment to exculpate officers from breaches of fiduciary duty, while approving increases to two equity plans. The Board expanded to thirteen members and appointed Jesse Lynn and Steven Miller under a February 16, 2024 agreement with Carl C. Icahn. The failed votes are governance signals that shareholders may weigh alongside the board changes.
Say-on-pay advisory vote not approved: 44,124,572 for and 138,718,249 against.
Officer exculpation charter amendment not approved: 165,814,993 for and 16,986,274 against; the filing says it was not approved.
Omnibus plan share limit raised by 15,000,000 to 35,500,000; crewmember stock purchase plan limit raised by 25,000,000 to 52,530,985.
Lynn and Miller joined the Board on May 17, 2024; former CEO Robin Hayes's advisory agreement terminates June 2, 2024.
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