JetBlue Airways Corporation
09/04/2025 | Press release | Distributed by Public on 09/04/2025 05:01
Regulation FD Disclosure (Form 8-K)
Item 7.01 Regulation FD Disclosure.
JetBlue Airways Corporation ("JetBlue" or the "Company") announced today an operational and financial update of its expected third quarter 2025 results.
Demand for air travel remained strong throughout the summer peak. Momentum from earlier in the summer carried forward into August and through the Labor Day holiday, both of which were marked by strength for bookings within 14-days of travel. As JetBlue continues to focus on improving reliability, strong operational performance in August contributed to better-than-expected revenue performance. For the fourth quarter, while it is early in the booking curve, JetBlue remains encouraged that current trends may carry-forward through year-end.
JetBlue's non-fuel unit costs benefitted from strong August operational performance and continued execution on cost initiatives. Additionally, fuel prices have declined since the previous guidance update, further improving projected operating expenses.
The table below provides JetBlue's updated investor guidance for the third quarter ending September 30, 2025.
| Third Quarter 2025 Outlook | Current Guidance |
Previous Guidance (1)
|
||||||
| Capacity and Revenue | ||||||||
| Available Seat Miles ("ASMs") Year-Over-Year | 0.0% - 1.0% | (1.0%) - 2.0% | ||||||
| Operating Revenue per ASM ("RASM") Year-Over-Year | (4.0%) - (1.5%) | (6.0%) - (2.0%) | ||||||
| Expense | ||||||||
|
CASM Ex-Fuel (2), (3)Year-Over-Year
|
3.5% - 5.5% | 4.0% - 6.0% | ||||||
|
Fuel Price per Gallon (4), (5)
|
$2.45 - $2.55 | $2.50 - $2.65 | ||||||
| Capital Expenditures | ~$325 million | ~$375 million | ||||||
(1)Previous guidance as of July 29, 2025.
(2) Operating expense per available seat mile, excluding fuel, other non-airline operating expenses and special items. Non-GAAP financial measure; refer to Note A for further details on non-GAAP forward looking information.
(3)Guidance does not include potential impacts from tariffs.
(4) Includes fuel taxes and other fuel fees.
(5)JetBlue utilizes the forward Brent crude curve and the forward Brent crude to jet crack spread to calculate fuel price for the current quarter. Fuel price is based on forward curve as of August 29, 2025.
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