Results met or exceeded guidance, with improved operational reliability, customer satisfaction, and meaningful margin improvement, despite industry-wide and operational challenges.
Net loss for Q3 2025 was $143 million, with operating loss of $100 million and operating margin at (4.3)%.
Completed transition to an all-Airbus fleet, retiring E190s and recording a $24 million net gain from asset sales.
Expanded Fort Lauderdale presence with 17 new routes and increased frequencies, solidifying position as largest carrier.
Launched Blue Sky partnership with United Airlines, enabling reciprocal loyalty benefits and cross-selling, with phased rollout through 2026.
Q3 2025 operating revenue was $2.3 billion, down 1.8% year-over-year; operating expenses rose 0.8% to $2.4 billion.
Adjusted operating margin was three points better than July guidance; CASM ex-fuel increased 3.7% year-over-year, near the better end of guidance.
Passenger revenue decreased 2.9% year-over-year; other revenue increased 12.0%.
Ended quarter with $2.9 billion in liquidity, representing 32% of trailing 12 months' revenue.
Fuel price for Q3 was $2.49/gallon; Q4 guidance is $2.33-$2.48/gallon.
Q4 2025 guidance: ASMs down 0.75% to up 2.25% year-over-year, RASM down 4.0% to flat, CASM ex-fuel up 3.0% to 5.0%.
FY 2025 guidance: ASMs down 2.0% to flat, CASM ex-fuel up 5.0% to 6.0%, capex ~$1.1 billion.
JetForward plan targets $290 million incremental EBIT in 2025 and $850-$950 million by 2027.
Capex expected below $1 billion annually starting 2026; long-term priorities include positive operating margin, free cash flow, and deleveraging.
Guidance excludes potential impacts from Hurricane Melissa and extended government shutdowns.
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JetBlue Airways Corporation, written and stylized as jetBlue, is an American low-cost commercial airline company with domestic and international flight routes. The company operates over 1,000 flights daily and has roughly 100 destinations spread out across the Americas and Europe. The company is headquartered in NYC but also has regional offices in Utah and Florida. JetBlue’s shares are traded on the Nasdaq.
JetBlue Airways was founded as NewAir in 1998 by David Neeleman, aiming to bring innovation and competition to the US airline industry. The airline commenced operations in 2000, differentiating itself with amenities like in-flight entertainment in every seat and no overbooking policy. Strategically choosing John F. Kennedy International Airport (JFK) as its primary hub, JetBlue began with routes connecting JFK to Florida and California. Over the next decade, the airline saw consistent growth, expanding its route network across the U.S., the Caribbean, and South America. In a similar manner to how Southwest operates, the company aimed to compete with large carriers like American Airlines and Delta by offering cheaper flights to popular destinations.
JetBlue Airways operates a diverse network of flights, spanning both domestic and international markets. Within the U.S., the airline connects major metropolitan areas, regional hubs, and smaller cities. Expanding beyond its domestic routes, JetBlue has established services to destinations in the Caribbean, Central and South America, and certain European locations.
JetBlue Airways adopts a hybrid business model that merges elements from both traditional network carriers and low-cost carriers. Central to its strategy is the emphasis on providing competitive fares while offering several value-added services, including in-flight entertainment and more generous legroom in coach relative to some rivals. Looking to expand its reach, the airline has engaged in partnerships and code-sharing agreements with multiple international carriers.
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