JetBlue Q1 net loss widens to $319 million as revenue rises 4.7% and fuel costs climb
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 6:57 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 April 28, 2026.
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.