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Q4 25 EPS
$-0.48
MISS 3.94%
Est. $-0.46
Q4 25 Revenue
$2.24B
BEAT +1.12%
Est. $2.22B
vs S&P Since Q4 25
+16.4%
BEATING MARKET
JBLU +23.8% vs S&P +7.4%
Full Year 2025 Results
FY 25 EPS
$-1.66
MISS 3.15%
Est. $-1.61
FY 25 Revenue
$9.06B
BEAT +0.31%
Est. $9.03B
Market Reaction
Did JBLU Beat Earnings? Q4 2025 Results
JetBlue Airways delivered a mixed fourth quarter for fiscal 2025, posting a loss that exceeded Wall Street's expectations on the bottom line while nudging past revenue targets, as the airline's ongoing transformation story struggled against a cascade… Read more JetBlue Airways delivered a mixed fourth quarter for fiscal 2025, posting a loss that exceeded Wall Street's expectations on the bottom line while nudging past revenue targets, as the airline's ongoing transformation story struggled against a cascade of operational headwinds. The carrier reported Q4 EPS of $-0.48, missing the consensus estimate of $-0.46 by 3.94%, even as revenue of $2.24 billion edged 1.26% above forecasts despite falling 1.4% year-over-year. The wider-than-expected loss was driven by a $100 million operating loss, compared to operating income of $17 million a year ago, with Hurricane Melissa, a government shutdown, an Airbus airworthiness directive, and Winter Storm Devin collectively trimming Q4 capacity by nearly two points. Still, investors reacted positively to the underlying progress in JetBlue's JetForward program, which delivered $305 million in incremental EBIT in 2025, exceeding its $290 million target, and shares surged roughly 30% following the report. Looking ahead, management is targeting breakeven or better adjusted operating margin for full-year 2026, supported by projected RASM growth of 2% to 5% and an additional $310 million of JetForward incremental EBIT.
Key Takeaways
- • JetForward delivered $305M of incremental EBIT in 2025, exceeding $290M target
- • RASM beat guidance midpoint by 2.2 points driven by underlying demand strength and ancillary/loyalty revenue outperformance
- • Premium RASM outperformed core RASM by 13 points in Q4
- • Fort Lauderdale network investments ramped faster than anticipated with all-time high revenue in December
- • Co-brand credit card set program record for highest spend in December with 30%+ growth in new account acquisitions
- • Net Promoter Score increased 8 points YoY and 17 points over the past two years
JBLU YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
JBLU Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 marked a meaningful step forward for JetBlue. In the first full year of JetForward, we made measurable progress improving reliability, strengthening customer satisfaction, and advancing our strategic priorities, even amid a challenging operating environment. While macroeconomic uncertainty impeded our return to profitability in 2025, we have proof points JetForward is working and positioning us for improved financial performance in 2026.”
— Joanna Geraghty, Q4 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% |