JetBlue Shares Rise on Q2 Beat and Long-Term Profit Target
JetBlue (JBLU) shares rose nearly 9% after the airline reported a better-than-expected second-quarter adjusted earnings per share loss, along with an updated long-term profit target of at least $1 per share by 2028. The stock has gained over 33% year to date following Tuesday's rally, which also lifted peers like Delta (DAL), United (UAL), and Southwest (LUV) despite no company-specific news from those carriers. JetBlue reported Q2 revenue of $2.7 billion, up 14.5% year-over-year, with unit revenue rising 10.9%. The airline's adjusted loss per share was narrower than expected at -$0.66 versus a forecasted -$0.683. JetBlue also reinstated its full-year guidance and said it is on track to recapture higher fuel costs faster than anticipated. Despite the positive momentum, GAAP net losses widened due to rising fuel prices, which surged 81% year-over-year. The company still expects a negative operating margin for 2026 but remains optimistic about long-term profitability through its JetForward turnaround program.
Topics: airline earnings_beat fuel_costs profit_target