Key Takeaways JetBlue expects Q3 ASMs flat to up 1% and RASM decline of 1.5%-4%, both better than prior viewsStrong summer travel, solid August operations, and improved bookings fueled an improved revenue outlook.JBLU cut Q3 fuel cost, CASM ex-fuel, and capital expenditure guidance, supporting profitability.JetBlue Airways Corporation (JBLU) has unveiled encouraging third-quarter 2025 guidance.JetBlue now anticipates available seat miles (ASMs) for the third quarter to be flat to up 1% year over year compar ...

格隆汇9月4日｜捷蓝航空公司表示，预计第三季度营收的降幅将小于早些时候的预期，原因是整个夏季 和劳动节假期的航空旅行需求强劲。该公司目前预计每可用座位英里的营收将下降1.5%至4%，而此前 预计的降幅为2%至6%。捷蓝航空表示，就第四季度而言，虽然预订曲线还处于早期，但目前的趋势可 能会延续到年底。 ...

JetBlue Airways plans to install Amazon's Project Kuiper on some of its airplanes to bolster in-flight Wi-Fi, the companies announced Thursday, in a vote of confidence for the nascent internet satellite service.The technology will be added to about a quarter of the airline's fleet, with the rollout beginning in 2027 and expected to be complete in 2028, JetBlue president Marty St. George said on a call with reporters.The team-up is a significant win for Amazon, which has been working to build a constellation ...

格隆汇9月3日｜联合大陆航空、美国航空、达美航空涨近4%，西南航空、捷蓝航空、阿拉斯加航空涨 近3%。 ...

Group 1 - Airline stocks experienced a significant increase in early trading, with United Airlines, American Airlines, Delta Airlines, and Frontier Group rising over 4% [1] - JetBlue Airways, Southwest Airlines, and Alaska Airlines saw gains of over 3% [1]

JetBlue Airways may look at taking legal action against Portugal after what it claims are moves to limit US flights into the European nation https://t.co/cUUsAz2fn8 ...

Core Viewpoint - The airline and cruise stocks experienced significant gains on Friday, indicating a positive market sentiment towards these sectors [1] Group 1: Airline Stocks - American Airlines (AAL.US) rose over 6% [1] - United Airlines (UAL.US) increased by more than 5.8% [1] - JetBlue Airways (JBLU.US) saw a nearly 7% rise [1] Group 2: Cruise Stocks - Carnival Corporation (CCL.US) gained more than 5.6% [1] - Norwegian Cruise Line Holdings (NCLH.US) increased by over 6.4% [1] - Royal Caribbean Cruises (RCL.US) rose by more than 4.7% [1]

Core Insights - JetBlue Airways Corporation (JBLU) reported a second-quarter 2025 loss of 16 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 31 cents, aided by lower fuel costs [1] - Operating revenues were $2.36 billion, exceeding the Zacks Consensus Estimate of $2.29 billion but down 3% year over year [2] Financial Performance - Passenger revenues, which constitute 95% of total revenues, fell 3.8% year over year to $2.2 billion, slightly above the estimate of $2.1 billion [2] - Other revenues increased by 8.1% year over year to $177 million, surpassing the estimate of $171.5 million [2] - Revenue per available seat mile (RASM) decreased by 1.5% year over year to 14.17 cents, while passenger revenue per available seat mile fell by 2.3% to 13.1 cents [3] - The average fare rose by 0.1% year over year to $218.52, and yield per passenger mile increased by 0.2% [3] Capacity and Traffic - Consolidated traffic, measured in revenue passenger miles, declined by 4% year over year, and capacity, measured in available seat miles, dropped by 1.5% [4] - The consolidated load factor decreased by 2.1 percentage points to 81.9%, which was below the estimate of 85.1% [4] Operating Costs - Total operating costs decreased by 0.9% year over year to $2.35 billion, with salaries, wages, and benefits expenses rising by 8.5% [5] - Aircraft fuel expenses fell by 19.4% year over year, with the average fuel price per gallon at $2.4, down 16.2% [5] - Operating expenses per available seat mile (CASM) increased by 0.6% year over year, while CASM excluding fuel rose by 6% to 10.86 cents [5] Future Outlook - For the third quarter of 2025, capacity is expected to either decline by 1% or increase by up to 2%, with CASM excluding fuel predicted to rise by 4-6% [6] - Capital expenditures are anticipated to be around $375 million, and RASM is forecasted to decline by 2-6% from third-quarter 2024 actuals [6] - The average fuel cost per gallon is estimated to be between $2.5 and $2.65 [6] Annual Projections - For the full year 2025, capital expenditures are expected to be approximately $1.2 billion, with interest expenses projected at around $600 million [7] - CASM excluding fuel and special items is predicted to increase by 5-7%, and capacity is anticipated to decline in the range of 0.5-2.5% [7] Industry Comparison - Delta Air Lines reported second-quarter 2025 earnings of $2.10 per share, beating estimates but down 11% year over year due to high labor costs [8] - United Airlines reported second-quarter 2025 EPS of $3.87, slightly beating estimates but down 6.5% year over year [10] - United's operating revenues were $15.2 billion, missing estimates but up 1.7% year over year, with passenger revenues increasing by 1.1% [11]

Group 1 - United Airlines and JetBlue's partnership, named "Blue Sky," has received approval from the U.S. Department of Transportation (USDOT) [1] - The partnership is not a merger but an agreement allowing JetBlue to provide United access to slots at JFK International Airport for up to seven daily round-trip flights starting in 2027 [2] - JetBlue and United will exchange eight flight timings at Newark as part of a net-neutral exchange [2] Group 2 - The partnership was pursued by JetBlue after a federal judge blocked its alliance with American Airlines in 2023 [5] - Spirit Airlines has urged USDOT to reject the collaboration, claiming it is anticompetitive and could lead to similar deals among other large carriers [7] - JetBlue and United plan to share more details about the implementation of the Blue Sky collaboration in the coming weeks [7]

Conference Call Participants Atul Maheswari - UBS Investment Bank, Research Division Catherine Maureen O'Brien - Goldman Sachs Group, Inc., Research Division Conor T. Cunningham - Melius Research LLC Daniel J. McKenzie - Seaport Research Partners Duane Thomas Pfennigwerth - Evercore ISI Institutional Equities, Research Division Jamie Nathaniel Baker - JPMorgan Chase & Co, Research Division Michael John Linenberg - Deutsche Bank AG, Research Division Ravi Shanker - Morgan Stanley, Research Division Savanthi ...