JetBlue Airways Corp (NASDAQ:JBLU) posted stronger-than-expected second-quarter results on Tuesday, delivering a positive operating margin despite ongoing industry challenges. The airline reported a narrower loss than anticipated, reflecting progress in its multi-year transformation plan.
Shares of JetBlue rose 2.29% in pre-market trading following the earnings release.
The company reported a second-quarter loss of $0.21 per share, significantly better than analyst forecasts of a $0.33 loss. Revenue totaled $2.4 billion, surpassing the consensus estimate of $2.29 billion. JetBlue achieved a positive operating margin of 0.3%, exceeding its own guidance for both revenue and costs. Adjusted operating margin reached 1.3% for the quarter.
“Despite an uncertain economic environment, we met or exceeded our financial goals, delivering a modest operating profit this quarter,” said Joanna Geraghty, JetBlue CEO. “The momentum since launching our multi-year JetForward strategy last summer reinforces our confidence in its ability to drive sustained profitability.”
Revenue declined 3.0% year-over-year, while system capacity was down 1.5% compared to the same period in 2024. The airline noted improving demand as the quarter progressed, with strong bookings within two weeks of travel and during peak periods.
JetBlue also reported that its JetForward transformation plan contributed $90 million in incremental EBIT during the first half of 2025. Additionally, its partnership with United Airlines, known as Blue Sky, is now expected to generate $50 million more incremental EBIT than initially projected.
For Q3, JetBlue anticipates available seat miles to decline between 1.0% and 2.0% year-over-year, with revenue per available seat mile expected to fall between 2.0% and 6.0%.
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