JetBlue Airways (NASDAQ:JBLU) Releases Earnings Results, Misses Estimates By $0.04 EPS

JetBlue Airways (NASDAQ:JBLU) issued its quarterly earnings results on Tuesday. The transportation company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.04), Zacks reports. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) EPS.

Here are the key takeaways from JetBlue Airways’ conference call:

• Jet Forward delivered $305 million of incremental EBIT in 2025 and management expects an additional $310 million in 2026 (total $615M), keeping the program on track for $850–$950 million of incremental EBIT in 2027.
• Management guides 2026 to break?even operating margin or better, assuming ~3.5 points of capacity growth, ~3.5 points of unit revenue improvement and ~2% non?fuel unit cost growth, with company RASM growth targeted at 2%–5% and CASM ex?fuel 1%–3%.
• Operational and commercial progress—two consecutive years of on?time performance gains, Net Promoter Score up 8 points in 2025 (up 17 since 2024), loyalty revenue +8% and premium RASM outpacing core—are driving stronger loyalty and premium revenue via initiatives like the premium card, BlueHouse lounge and Mint enhancements.
• Balance sheet and liquidity actions: $2.5 billion liquidity at year?end (ex?revolver), ~ $900 million expected 2026 CapEx, a plan to raise ?$500 million of financing backed by ~$6.5 billion of unencumbered assets, and a target to reach positive free cash flow by end of 2027.
• Significant near?term headwinds remain—macro demand pressure cost the company an estimated >4 points of operating margin in 2025, and disruptions (Winter Storm Fern, Caribbean airspace closure, GTF?related AOGs) and higher crack spreads pushed CASM ex?fuel roughly +6% in 2025 and are driving elevated Q1 2026 CASM ex?fuel (3.5%–5.5%).

JetBlue Airways Stock Down 6.9%

NASDAQ JBLU opened at $4.73 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of -3.58 and a beta of 1.78. JetBlue Airways has a 12 month low of $3.34 and a 12 month high of $7.83. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.82 and a quick ratio of 0.77. The company’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $4.75.

Institutional Trading of JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in shares of JetBlue Airways by 131.2% during the 1st quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock valued at $436,000 after buying an additional 51,377 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in JetBlue Airways by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock worth $896,000 after buying an additional 8,053 shares during the period. Goldman Sachs Group Inc. raised its stake in JetBlue Airways by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after purchasing an additional 274,892 shares during the last quarter. United Services Automobile Association acquired a new position in shares of JetBlue Airways during the first quarter valued at about $106,000. Finally, Cetera Investment Advisers grew its holdings in shares of JetBlue Airways by 10.7% during the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after purchasing an additional 2,954 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

More JetBlue Airways News

Here are the key news stories impacting JetBlue Airways this week:

• Positive Sentiment: Management highlights measurable progress on its JetForward turnaround (improved reliability and customer satisfaction), which could support long?term recovery if execution continues. JetBlue Announces Fourth Quarter 2025 Results
• Positive Sentiment: Revenue of $2.24B slightly exceeded consensus (~$2.22B), showing some top?line resilience even as unit demand softened. JetBlue Airways (JBLU) Reports Q4 Loss, Beats Revenue Estimates
• Neutral Sentiment: Full earnings call transcript and slides are available for investors who want detailed line?by?line commentary on capacity, fares and unit costs. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Investor presentation outlines the company’s strategic priorities and KPIs to watch as the turnaround is executed. Q4 Results – Earnings Call Presentation
• Negative Sentiment: Q4 EPS missed expectations (loss of $0.49 vs. est. $0.45 loss), triggering an immediate negative market reaction and a share slide. The EPS miss reflects wider losses versus a year ago. JetBlue shares slide on wider-than-expected fourth quarter loss
• Negative Sentiment: Management cited muted demand for economy seats and rising costs that compressed margins and drove year?over?year revenue decline — macro uncertainty and weaker leisure/price sensitivity are headwinds. JetBlue’s quarterly loss widens on muted demand for economy seats
• Negative Sentiment: Analyst commentary and earnings coverage describe the turnaround as high?risk; investors may be discounting the shares until there’s sustained margin improvement and clearer guidance. JetBlue (JBLU) Earnings Call Maps High-Risk Turnaround

Wall Street Analyst Weigh In

A number of research firms have weighed in on JBLU. TD Cowen upped their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group lifted their price target on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock a “sell” rating in a research note on Tuesday, January 13th. Susquehanna lifted their target price on JetBlue Airways from $4.55 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of JetBlue Airways in a research report on Thursday, January 22nd. Finally, Morgan Stanley decreased their price objective on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. Five investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of “Strong Sell” and an average target price of $4.93.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.