JBLU JETBLUE AIRWAYS CORP
Price Chart
Executive Summary
JetBlue issued an operational and financial update for Q2 2026, raising its RASM guidance to 9.0%-12.0% YoY (from 7.0%-11.0%) and narrowing ASM growth to 2.0% (from 1.5%-4.5%). Fuel price guidance was raised to $4.26-$4.36/gallon from $4.13-$4.28, but the company expects to recapture 40% or more of increased fuel costs. Capital expenditure guidance was reduced to ~$225M from ~$275M.
Actionable Insight
The improved RASM guidance and strong operational performance are positive, but higher fuel costs partially offset the benefit. Monitor Q2 earnings for actual fuel cost recapture and demand trends into Q3. The Spirit route outperformance is a notable tailwind worth tracking.
Key Facts
- RASM guidance raised to 9.0%-12.0% YoY from 7.0%-11.0%
- ASM growth guidance narrowed to 2.0% YoY from 1.5%-4.5%
- Fuel price per gallon guidance raised to $4.26-$4.36 from $4.13-$4.28
- Company expects to recapture 40% or more of increased fuel costs
- Capital expenditure guidance reduced to ~$225 million from ~$275 million
- Completion factor of 99.8% quarter-to-date
- Routes previously operated by Spirit showing outperformance following Spirit's shutdown
- Estimated effective tax rate of ~6% for Q2 2026
Financial Impact
Revenue guidance improved by 200bps at midpoint (RASM 9-12% vs prior 7-11%); fuel cost guidance increased ~$0.11/gallon at midpoint; capex reduced by ~$50M
Risk Factors
- Higher fuel prices may not be fully recaptured despite 40%+ expectation
- Q3 booking curve is still early; current trends may not persist
- Capacity growth of 2.0% YoY is below prior guidance range midpoint
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001158463-26-000068 |
| Document: 0001158463-26-000068-index-headers.html | 0001158463-26-000068 |
| Document: 0001158463-26-000068-index.html | 0001158463-26-000068 |
| Document: 0001158463-26-000068.txt | 0001158463-26-000068 |
Filters
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Jun 1, 2026
11d ago
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8-K
| $5.13 $4.85 | ▼ −5.44% | ▼ −2.69% | $5.01 (−2.32%) |
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May 1, 2026
6w ago
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Insider Cluster
| $4.86 $5.13 | ▲ +5.60% | ▲ +3.25% | $5.01 (+3.13%) |
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Apr 28, 2026
6w ago
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8-K
| $5.00 $4.84 | ▼ −3.18% | ▼ −4.87% | $5.01 (+0.24%) |
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Apr 17, 2026
8w ago
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8-K
| $5.74 $4.91 | ▼ −14.45% | ▼ −15.36% | $5.01 (−12.69%) |
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Apr 2, 2026
10w ago
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DEFA14A
| $4.52 $4.73 | ▲ +4.65% | ▲ +1.03% | $5.01 (+10.87%) |
US Market Status
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