Jetblue Airways (NasdaqGS:JBLU) Q4 2025 Earnings call January 27, 2026 10:00 AM ET Company ParticipantsJoanna Geraghty - CEOKoosh Patel - Head of Investor RelationsMarty St. George - PresidentUrsula Hurley - CFOConference Call ParticipantsBrandon Oglenski - AnalystCatherine O'Brien - AnalystChris Stathoulopoulos - AnalystConnor Cunningham - AnalystDan McKenzie - AnalystDuane Pfennigwerth - AnalystJamie Baker - AnalystMike Linenberg - Managing Director and AnalystRavi Shanker - AnalystSavi Syth - AnalystScot ...

Jetblue Airways (NasdaqGS:JBLU) Q4 2025 Earnings call January 27, 2026 10:00 AM ET Company ParticipantsJoanna Geraghty - CEOKoosh Patel - Head of Investor RelationsMarty St. George - PresidentUrsula Hurley - CFOConference Call ParticipantsBrandon Oglenski - AnalystCatherine O'Brien - AnalystChris Stathoulopoulos - AnalystConnor Cunningham - AnalystDan McKenzie - AnalystDuane Pfennigwerth - AnalystJamie Baker - AnalystMike Linenberg - Managing Director and AnalystRavi Shanker - AnalystSavanthi Syth - Analyst ...

Financial Data and Key Metrics Changes - In 2025, the adjusted operating margin was -3.7%, impacted by macroeconomic uncertainty which represented over four points of headwind to operating margin [10] - The company achieved an 8-point gain in Net Promoter Score and a 17-point gain since the beginning of 2024, indicating improved customer satisfaction [7] - For 2026, the company forecasts breakeven operating margin or better, with expectations of 3.5 points of capacity growth and 3.5 points of unit revenue improvement [10][20] Business Line Data and Key Metrics Changes - Year-over-year unit revenue for Q4 2025 increased by 0.2%, driven by underlying demand strength and loyalty revenue growth of 8% for the full year [13][15] - Premium RASM outperformed core RASM by 13 points in Q4, highlighting the strategic importance of investments in premium offerings [14] - The introduction of the domestic first-class product is expected to enhance the quality of offerings without significantly increasing the percentage of premium seats [36] Market Data and Key Metrics Changes - Domestic performance showed a healthy recovery, with year-over-year RASM for Q4 better than that of international flying [13] - The company added significant close-in capacity to its Fort Lauderdale focus city, exceeding initial expectations with over 20 new nonstop destinations [17][18] - The competitive capacity environment is favorable, with the company's largest competitor in Fort Lauderdale reducing capacity [45] Company Strategy and Development Direction - The Jet Forward initiative delivered $305 million of incremental EBIT in 2025, with expectations of $310 million in 2026, contributing to a total of $615 million for the year [9][11] - The company plans to roll out the remaining key components of the Blue Sky collaboration with United, enhancing customer loyalty and revenue opportunities [19] - The focus remains on returning to sustained operating profitability and generating positive free cash flow by the end of 2027 [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to execute the Jet Forward plan, citing strong bookings and a normal booking curve as indicators of demand strength [39][45] - The macroeconomic backdrop is improving, and operational performance has reached levels not seen in years, contributing to optimism for 2026 [32] - Management acknowledged the challenges faced in 2025 but emphasized the meaningful progress made in strengthening the company's foundation [31] Other Important Information - The company ended 2025 with $2.5 billion of liquidity, excluding an undrawn $600 million revolving credit facility, and plans to raise approximately $500 million in new financing [29][30] - Capital expenditures for 2026 are expected to be approximately $900 million, driven by aircraft deliveries and domestic first-class retrofits [29] Q&A Session Summary Question: What percentage of revenue do Premium seats comprise and what is the expectation for 2027? - Management did not disclose specific numbers but indicated that the introduction of domestic first-class will enhance quality without dramatically increasing the percentage of premium seats [36] Question: How is leisure revenue recovery shaping up? - Management noted strong bookings and a healthy recovery in leisure customers, contributing positively to unit revenue [39] Question: What is different about the current demand trends? - Management highlighted a normal booking curve and a recovery in the domestic coach market, indicating optimism for 2026 [45] Question: How is Fort Lauderdale changing under the current strategy? - Fort Lauderdale is expected to enhance connectivity and profitability, with a focus on premium markets and strategic growth opportunities [52][78] Question: How sensitive is the $500 million financing need to profitability outlook? - Management expressed confidence in achieving break-even or better operating margin, with liquidity targets set at 17%-20% of trailing twelve months revenue [80]

Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Expertise and Focus Areas - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized as a forward-looking technology adopter, utilizing automation and software tools, including generative AI, to enhance workflows [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Financial Performance & Outlook - JetBlue progressed its JetForward transformation, delivering $305 million of incremental EBIT in 2025[6,19] - The company maintained a solid liquidity position of $2.5 billion, representing approximately 27% of trailing twelve-month revenue, and ~$6.5 billion in unencumbered assets[7] - JetBlue expects to drive $310 million of incremental EBIT in 2026, for a total of $615 million from JetForward initiatives[21] - The airline anticipates generating incremental EBIT of $850 million - $950 million for FY 2027 from JetForward[21,38] - JetBlue strategically reduced 2026-2029 capex by approximately $3 billion since 2023, with an upcoming capex profile of less than $1 billion annually[38] - The company's outlook supports breakeven or better adjusted operating margin in 2026[39] Revenue & Cost Management - 4Q25 RASM (Revenue per Available Seat Mile) finished positive, 2.2 percentage points better than guidance midpoint, driven by strong underlying demand and ancillary and loyalty revenue performing above expectations[12] - Disruptions reduced ASMs (Available Seat Miles) by nearly 2 percentage points in 4Q, impacting CASM ex-fuel (Cost per Available Seat Mile, excluding fuel) by over 2 percentage points[12,34] - JetBlue achieved 2025 CASM ex-Fuel in-line with initial guidance at 6.2%[31] - The company expects 2026 CASM ex-fuel growth to be between 1% and 3%[31,39] Strategic Initiatives - Net Promoter Score (NPS) increased eight points year-over-year as investments in operational reliability ramped[9] - JetBlue launched the initial phase of its collaboration with United Airlines, called Blue Sky, featuring reciprocal loyalty accrual and redemption[9]

American Airlines, JetBlue Shares Are Dropping After Earnings - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# American Airlines, JetBlue Shares Are Dropping After EarningsBy [Alex Kozul-Wright]and [Callum Keown]ShareResize---ReprintsAmerica ...

JetBlue Airways (JBLU) came out with a quarterly loss of $0.49 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to a loss of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.55%. A quarter ago, it was expected that this airline would post a loss of $0.43 per share when it actually produced a loss of $0.4, delivering a surprise of +6.98%.Over the last four quarters, the company has surpass ...

Core Insights - JetBlue reported a wider loss and lower revenue in the fourth quarter, indicating a challenging operating environment due to macroeconomic uncertainty [1] Financial Performance - The company experienced a significant decline in revenue during the fourth quarter, reflecting the adverse effects of the current economic conditions [1] - The reported loss was greater than anticipated, highlighting the financial pressures faced by the airline [1]

（文章来源：每日经济新闻） 每经AI快讯，1月27日，捷蓝航空盘前跌幅扩大至7.5%。 ...

每经AI快讯，1月27日，捷蓝航空盘前股价下跌4.7%。 ...