JetBlue raised its third quarter 2025 guidance on September 4, 2025, after travel demand for summer “remained strong”.
“As JetBlue continues to focus on improving reliability, strong operational performance in August contributed to better-than-expected revenue performance,” the airline said in a statement.
Operating revenue per available seat miles (RASM) was guided to be down 1.5% to 4%, improving from its previous guidance of down 2% to 6%. Capacity is expected to be flat to up 1%. Previous capacity guidance estimated it to be down 1% to up 2%.
The airline said its non-fuel costs benefitted from “strong August operational performance and continued execution on cost initiatives”, along with fuel prices declining since the previous guidance.
Unit costs, excluding fuel, is expected to be up 3.5% to 5.5%, improving from its last estimate of up 4% to 6%. Fuel costs are expected to be $2.45-$2.55 per gallon, slightly down from $2.50-$2.65 per gallon. Capital expenditures are forecast to be around $325 million, down from previous guidance of $375 million.
“For the fourth quarter, while it is early in the booking curve, JetBlue remains encouraged that current trends may carry-forward through year-end,” the airline added in a statement.
JetBlue reported a second-quarter net loss of $74 million, or $0.21 per share, on an operating revenue of $2.4bn - a 3% decline on 2024.
The company attributed this operating revenue drop to reduced system capacity and ongoing pricing pressures. System capacity fell 1.5% on the same period of the 2024.