JetBlue Q2 net income falls to $25 million as revenue drops 6.9%
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.