JetBlue's first quarter 2026 unit revenue grew 6.5%, but rising costs led to a wider-than-expected loss.

JetBlue reported first quarter 2026 revenue of $2.24 billion, in line with analyst estimates, and a diluted loss per share of ($0.86), missing expectations of ($0.72). The airline saw strong unit revenue growth but faced significant pressure from elevated fuel costs and operational disruptions.

Key Highlights

• Operating revenue per available seat mile (RASM) increased 6.5% year-over-year, driven by resilient consumer demand and exceeding the company's initial guidance.
• Operating costs per available seat mile excluding fuel (CASM ex-Fuel) rose 6.6% year-over-year, with approximately four percentage points of the increase attributed to operational disruptions.
• JetBlue is reducing capacity to mitigate high fuel costs, cutting second quarter capacity by nearly one point and second half capacity by at least two to three points versus prior expectations.