JetBlue Airways provided an updated financial outlook for the third quarter of 2026, increasing its revenue forecast due to strong travel demand and a constructive pricing environment. This improved revenue outlook is expected to help offset significant cost pressures from higher-than-anticipated fuel prices and increased operational disruptions from weather and air traffic control constraints, which also led to a reduction in planned capacity growth.
Key Details
- Revenue Outlook: Revenue per Available Seat Mile (RASM) growth guidance was raised to a range of 17.0% - 20.0% year-over-year, up from the previous forecast of 12.5% - 16.5%.
- Cost Pressures: The forecast for Cost per Available Seat Mile excluding fuel (CASM Ex-Fuel) increased to 6.0% - 8.0% growth, up from 2.5% - 4.5%. The expected fuel price per gallon rose to $3.96 from a prior estimate of $3.49.
- Capacity Update: The company lowered its guidance for Available Seat Miles (ASMs) growth to a range of 1.5% - 3.5%, down from the prior outlook of 3.0% - 6.0%.