Q2 25 EPS
$-0.16
BEAT +51.20%
Est. $-0.33
Q2 25 Revenue
$2.36B
BEAT +3.10%
Est. $2.29B
vs S&P Since Q2 25
+15.6%
BEATING MARKET
JBLU +33.0% vs S&P +17.4%
Market Reaction
Did JBLU Beat Earnings? Q2 2025 Results
JetBlue Airways delivered a stronger-than-expected second quarter, posting an adjusted loss of $0.16 per share against a consensus estimate of $0.33, a 51.20% beat, while revenue of $2.36 billion edged ahead of the $2.29 billion Wall Street expected … Read more JetBlue Airways delivered a stronger-than-expected second quarter, posting an adjusted loss of $0.16 per share against a consensus estimate of $0.33, a 51.20% beat, while revenue of $2.36 billion edged ahead of the $2.29 billion Wall Street expected by 3.10%, even as total sales slipped 3.0% year-over-year. The headline driver was meaningful progress on the carrier's JetForward transformation plan, which has now generated $180 million in cumulative incremental EBIT since inception, including $90 million in the first half of 2025 alone. A newly announced interline and loyalty partnership with United Airlines, called Blue Sky, lifted the program's cumulative EBIT target to $850 million to $950 million by end of 2027. Cost discipline also helped, with fuel expense falling 19.4% to $504 million and CASM ex-fuel growth beating guidance for the seventh consecutive quarter. Looking ahead, JetBlue guided Q3 RASM down 6.0% to 2.0% year-over-year, while an improving Pratt and Whitney aircraft-on-ground situation, now expected to average fewer than 10 planes this year, supports a gradual return to capacity growth.
Key Takeaways
- • Strong close-in demand with revenue generated within 14 days of travel up 7% YoY
- • Premium unit revenues up mid-single digits YoY
- • Loyalty revenues up mid-single digits with TrueBlue enrollments up 5% YoY
- • On-time performance up 3 points YoY and completion factor up 0.5 points in first half 2025
- • Net Promoter Score rose by double digits
- • Fuel costs declined 19.4% YoY to $2.40 per gallon
- • JetForward delivered $90 million incremental EBIT in first half 2025, $180 million cumulatively
JBLU YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
JBLU Revenue by Segment
With YoY comparisons, source: SEC Filings
“We ended the first half of 2025 with meaningful progress on JetForward. Operational investments drove significant reliability improvements, with on-time performance up three points year-over-year. Customer satisfaction also increased considerably over the first half of this year, and JetBlue's Net Promoter Score rose by double digits.”
— Joanna Geraghty, Q2 2025 Earnings Press Release
JBLU Earnings Trends
JBLU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
JBLU EPS Trend
Earnings per share: estimate vs actual
JBLU Revenue Trend
Quarterly revenue: estimate vs actual
JBLU Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $-0.73 | $-0.87 | -19.51% | $2.24B | -0.06% |
| Q4 25 MISS FY | $-0.46 | $-0.48 | -3.94% | $2.24B | +1.12% |
| FY Full Year | $-1.61 | $-1.66 | -3.15% | $9.06B | +0.31% |
| Q3 25 BEAT | $-0.42 | $-0.40 | +4.81% | $2.32B | +0.01% |
| Q2 25 BEAT | $-0.33 | $-0.16 | +51.20% | $2.36B | +3.10% |
| Q1 25 BEAT | $-0.63 | $-0.59 | +6.48% | $2.14B | +0.07% |