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JetBlue Reports $257 Million Third-Quarter Loss as Fuel Costs Jump

Operating revenue rose 21.1% to $2.812 billion. JetBlue forecast fourth-quarter fuel at $4.64 per gallon and expects year-over-year adjusted operating margin expansion of 1 to 2 percentage points.

Updated 2 min read
A fuel truck services a passenger jet at John F. Kennedy International Airport in Queens. / EconoTimes.ai
A fuel truck services a passenger jet at John F. Kennedy International Airport in Queens. / EconoTimes.ai

JetBlue Airways Corp. reported a $257 million third-quarter net loss as operating costs rose, while the airline said stronger yields and resilient demand helped lift operating revenue 21.1%.

Operating revenue reached $2.812 billion, while expenses increased 22.1% to $2.956 billion. JetBlue’s operating loss widened to $144 million from $100 million a year earlier. Its net loss was $143 million in the year-earlier quarter, and diluted loss per share was 68 cents, compared with 39 cents.

Fuel expense climbed to $868 million from $539 million, and the average price per gallon rose to $3.91 from $2.49. Operating revenue per available seat mile increased 18.4%, while operating expense per available seat mile rose 19.4%. JetBlue said it recaptured about 87% of the higher fuel costs.

The airline forecast an average fuel price of $4.64 per gallon in the fourth quarter. It also expects adjusted operating margin to expand by 1 to 2 percentage points year over year in that quarter. For full-year 2026, JetBlue projected an adjusted operating margin ranging from negative 4.5% to negative 6.5%.

The SEC filing index records an Oct. 26 filing under accession number 0001158463-26-000095. It lists disclosure items covering results and financial condition, Regulation FD disclosures, and financial statements and exhibits. The 39-document submission includes JetBlue’s earnings release, an investor update and a presentation.

JetBlue scheduled an earnings call for Tuesday, Oct. 27, at 10 a.m. ET.

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