JBLU

EX-99.1

2 ex991-earningsreleaseq22026.htm

EX-99.1

Document

Ex 99.1 - Earnings Release

JETBLUE ANNOUNCES SECOND QUARTER 2026 RESULTS

Delivered 10.9% RASM growth, driven by continued demand strength and commercial actions

Re-established full-year 2026 outlook, supported by improved visibility into the second half

Introduced a 2028 EPS target of at least $1.00 per share

NEW YORK (July 28, 2026) - JetBlue Airways Corporation (NASDAQ: JBLU) today reported its financial results for the second quarter of 2026.

“Two years into JetForward, we’re encouraged by the progress we’re making and the results we’re driving across the business,” said Joanna Geraghty, JetBlue’s chief executive officer. “Our second quarter performance reflects the strength of our JetForward strategy and the focused execution of our crewmembers, as strong customer demand and our decisive actions enabled us to recover fuel costs more quickly than we anticipated.”

“This momentum reinforces our confidence that we're strengthening the foundation for a more profitable JetBlue. Reflecting the progress we're making and the earnings trajectory we see ahead, today we're introducing a long-term financial target of at least $1.00 in earnings per share for 2028 as we continue on the path toward restoring sustained profitability.”

JetForward Continues to Deliver Measurable Results

JetForward continues to deliver meaningful value across the business. Through June 2026, the airline's transformation strategy has generated $470 million of cumulative incremental EBIT (1) and remains on track to deliver its previously announced $850 - $950 million annual incremental EBIT benefit by year-end 2027.

•Reliable & Caring Service

◦Continued to improve operational performance and the customer experience in Q2 via reliability initiatives, with A14 increasing ~1 point and Net Promoter Score improving 5 points year-over-year during the quarter.

•Best East Coast Leisure Network

◦Accelerated long-term growth in Fort Lauderdale, delivering 11% YoY RASM growth in the second quarter despite nearly 40% capacity growth. Updated flight schedules to enhance connectivity through a more structured bank schedule and deliver more than 150 daily departures this winter.

◦Advanced Blue Sky, introducing reciprocal loyalty benefits to further improve customers' expanded ability to earn and redeem TrueBlue® points across a broader network.

•Products & Perks Customers Value

◦Expanded JetBlue's merchandising capabilities, with EvenMore® point redemptions, Preferred Seating and the refreshed premium co-branded credit card continuing to outperform expectations.

◦JetBlue's premium experiences continued to earn awards, including BlueHouseTM recognition, and its Mint® experience earning the highest-ranking in customer satisfaction among first/business passengers for a second consecutive year in the JD Power 2026 North America Airline Satisfaction Study.

•A Secure Financial Future

◦Improved crewmember productivity through enhanced digital tools, and modernized technology infrastructure to drive better scalability and reliability at a lower cost.

◦Improved fuel efficiency through advanced flight planning and routing, real-time data, predictive analytics, and operational decision support.

◦Expanded AI and data science-enabled capabilities to improve planning, automate decision-making, and better manage disruptions.

- 1 -

JetForward's initiatives continue to progress, led by BlueFirstTM, our new domestic first class product, which is expected to begin sales this fall. As these initiatives mature, JetBlue expects JetForward benefits to continue building beyond 2027, reaching approximately $1.2 billion of annual incremental EBIT in 2028. Based on this planned trajectory, the airline introduced a long-term financial target for 2028 EPS of at least $1.00 per share assuming continued demand strength and an average $3.00 per gallon jet fuel price in 2028.

Second Quarter 2026 Financial Results

•Recaptured nearly 50% of higher fuel costs during the second quarter, exceeding expectations.

•Second quarter 2026 system capacity increased by 3.2% year-over-year, within our revised guidance (2) range of 2.0% to 4.0%.

•Operating revenue of $2.7 billion for the second quarter of 2026, an increase of 14.5% year-over-year.

•Operating revenue per available seat mile ("RASM") increased 10.9% year-over-year, near the better end of our revised guidance range, supported by strong demand across nearly all products and geographies.

•Operating expense per available seat mile ("CASM") for the second quarter of 2026 increased 17.0% year-over-year.

•Operating expense per available seat mile, excluding fuel, other non-airline operating expenses, and special items ("CASM ex-Fuel") (3) for the second quarter of 2026 increased 2.4% year-over-year, 1.6 points better than the mid-point of revised guidance.

•Average fuel price in the second quarter of 2026 of $4.23 per gallon, $1.83 higher year-over-year,

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.c706d217.1784333669.ccac1a04

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

jblu-20260127false000115846300011584632026-01-272026-01-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 27, 2026

JETBLUE AIRWAYS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware000-4972887-0617894 (State or other jurisdiction of incorporation) (Commission File Number)(I.R.S. Employer Identification No.)

27-01 Queens Plaza North Long Island City New York11101

(Address of principal executive offices)  (Zip Code)

(718) 286-7900 (Registrant’s telephone number, including area code)

N/A (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered Common Stock, $0.01 par valueJBLUThe NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On January 27, 2026 we issued a press release announcing our financial results for the fourth quarter ended December 31, 2025. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated herein by reference. The information included under Item 2.02 of this report (including the exhibits) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 7.01 Regulation FD Disclosure. On January 27, 2026 we provided an update for investors presenting information relating to our financial outlook for the first quarter ending March 31, 2026 and full year 2026, and other information regarding our business. The update and materials to be used in conjunction with the presentation are furnished herewith as Exhibit 99.2 and Exhibit 99.3 and are incorporated herein by reference. The information included under Item 7.01 of this report (including the exhibits) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit Number  Description 99.1 Press Release dated January 27, 2026 of JetBlue Airways Corporation announcing financial results for the fourth quarter ended December 31, 2025.

99.2 Investor Update dated January 27, 2026 of JetBlue Airways Corporation.

99.3 Earnings Presentation dated January 27, 2026.

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

JETBLUE AIRWAYS CORPORATION

(Registrant)

Date:January 27, 2026By:/s/ Dawn Southerton Dawn Southerton Vice President, Controller (Principal Accounting Officer)