JetBlue Reports Wider Q2 2026 Loss Amid Soaring Fuel Costs
JetBlue Airways reported a net loss of $247 million for the second quarter of 2026, significantly wider than its $74 million loss in the same period last year. The airline attributed this to an 81% surge in fuel costs, which reached nearly $911 million during the quarter as it paid an average of $4.23 per gallon—up from $2.40 a year earlier. Despite these challenges, JetBlue managed to recapture about half of its increased fuel expenses, exceeding initial expectations. The airline's total operating revenue rose 14.5% year-over-year to $2.7 billion, with revenue per available seat mile increasing by 10.9%. The adjusted loss came in at 66 cents per share, better than the expected 71 cents per share according to analysts. JetBlue also reinstated its full-year outlook for 2026 and set a long-term earnings target of $1.00 per share by 2028.
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Topics: airline industry fuel costs JetBlue Q2 earnings