JetBlue Airways Corporation
04/28/2026 | Press release | Distributed by Public on 04/28/2026 05:04
Quarterly Report for Quarter Ending March 31, 2026 (Form 10-Q)
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
| NON-GAAP FINANCIAL MEASURE | |||||||||||
| RECONCILIATION OF OPERATING EXPENSE, OPERATING LOSS, OPERATING MARGIN, PRE-TAX LOSS, PRE-TAX MARGIN, NET LOSS, LOSS PER SHARE, EXCLUDING SPECIAL ITEMS AND GAIN ON INVESTMENTS | |||||||||||
| Three Months Ended March 31, | |||||||||||
| (in millions except percentages) | 2026 | 2025 | |||||||||
| RECONCILIATION OF NET LOSS | |||||||||||
| Net loss | $ | (319) | $ | (208) | |||||||
| Add back: Special items | - | - | |||||||||
| Less: Income tax benefit related to special items | - | - | |||||||||
| Less: Gain on investments, net | 3 | 1 | |||||||||
| Less: Income tax expense related to gain on investments, net | - | - | |||||||||
| Net loss excluding special items and gain on investments | $ | (322) | $ | (209) | |||||||
| CALCULATION OF LOSS PER SHARE | |||||||||||
| Loss per common share | |||||||||||
| Basic | $ | (0.86) | $ | (0.59) | |||||||
| Add back: Special items | - | - | |||||||||
| Less: Income tax benefit related to special items | - | - | |||||||||
| Less: Gain on investments, net | 0.01 | - | |||||||||
| Less: Income tax expense related to gain on investments, net | - | - | |||||||||
| Basic excluding special items and gain on investments | $ | (0.87) | $ | (0.59) | |||||||
| Diluted | $ | (0.86) | $ | (0.59) | |||||||
| Add back: Special items | - | - | |||||||||
| Less: Income tax benefit related to special items | - | - | |||||||||
| Less: Gain on investments, net | 0.01 | - | |||||||||
| Less: Income tax expense related to gain on investments, net | - | - | |||||||||
| Diluted excluding special items and gain on investments | $ | (0.87) | $ | (0.59) | |||||||
PART I. FINANCIAL INFORMATION
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