JetBlue Reports $247 Million Second Quarter Net Loss

JetBlue Airways reported a second-quarter net loss of $247 million, or $0.66 per share, marking a sharp increase from the $74 million loss in the same period of 2025. The decline occurred despite total operating revenues rising 14.5% to $2.697 billion, as the airline struggled against a 76% surge in jet fuel costs, which reached $4.23 per gallon.

To address these losses, the company is implementing its JetForward turnaround plan. A central component of this strategy involves expanding capacity by nearly 40% at Fort Lauderdale-Hollywood International Airport to capture market share left by the collapse of Spirit Airlines in May.

Executives project a stronger second half of 2026 driven by increases in fare and loyalty revenues. JetBlue has set a long-term financial target of at least $1.00 in earnings per share by 2028, provided fuel prices stabilize near $3 per gallon.