JetBlue Airways Corporation (NASDAQ:JBLU) has updated its third-quarter 2025 financial guidance, raising key metrics following robust summer travel demand and improved operational results.
The airline reported that air travel demand remained strong throughout the peak summer season, with momentum extending through August and the Labor Day holiday. JetBlue highlighted particularly strong bookings within 14 days of travel during this period.
The company revised its revenue per available seat mile (RASM) guidance to a decline of 1.5% to 4.0% year-over-year, improved from the prior range of a 2.0% to 6.0% decline. Available seat miles (ASM) are now expected to grow 0% to 1.0% year-over-year, compared with the previous range of -1.0% to +2.0%.
JetBlue also lowered its cost per available seat mile excluding fuel (CASM ex-fuel) guidance to an increase of 3.5% to 5.5% year-over-year, an improvement from the prior 4.0% to 6.0% range. The company attributed the better-than-expected performance to strong operations in August and continued execution of cost-saving initiatives.
Fuel price guidance was reduced to $2.45–$2.55 per gallon, down from the previous range of $2.50–$2.65 per gallon, reflecting declining fuel costs since the last update. Capital expenditures for the quarter are now projected at roughly $325 million, compared with the previous estimate of $375 million.
The updated guidance reflects data available as of the press release date, with the previous guidance issued on July 29, 2025.
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