JetBlue lifts third-quarter revenue forecast as cost projections rise

Insider Monkey

JetBlue raised its third-quarter forecast for revenue per available seat mile to 17%–20% growth year over year, up from 12.5%–16.5%. It raised cost estimates after July–August weather and air-traffic disruptions drove cancellations, especially in the Northeast.

JetBlue expects third-quarter fuel to cost $3.96 per gallon, up from $3.49, and non-fuel unit costs to rise 6%–8%, versus its earlier 2.5%–4.5% estimate. The article says severe airport-weather days across the national airspace system increased more than 40% against the prior three-summer average, while JetBlue’s air-traffic-control-related cancellations nearly doubled.

JetBlue lowered its 2026 capital expenditure forecast to about $275 million from $300 million and expects to sell an Airbus A321neo XLR.

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