Item 7.01 Regulation FD Disclosure. Prior to industry conference attendance, JetBlue Airways Corporation ("JetBlue" or the "Company") announced today an operational and financial update of its expected second quarter 2026 results. JetBlue has maintained strong operational performance quarter-to-date with a completion factor of 99.8%.…
Filed Jun 1, 2026Accepted Jun 1, 2026, 7:00 AM EDTCIK 1158463Accession 0001158463-26-000068
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue, known for its low fares and great service, carries customers to more than 100 destinations throughout the United States, Latin America, the Caribbean, Canada and Europe. For more information and the best fares, visit jetblue.com.
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
Prior to industry conference attendance, JetBlue Airways Corporation ("JetBlue" or the "Company") announced today an operational and financial update of its expected second quarter 2026 results.
JetBlue has maintained strong operational performance quarter-to-date with a completion factor of 99.8%.
Demand for travel in the second quarter has remained strong and consistent with trends observed earlier in the year, with healthy demand across the booking curve, supported by strength for close-in travel. We continue to see positive demand trends across all cabins and geographies. Notably, routes previously operated by Spirit have demonstrated outperformance following Spirit's shutdown. Although it remains early in the third quarter booking curve, we are encouraged current trends may carry-forward.
Consistent operational performance is driving solid cost execution in the second quarter. Although rising in-quarter Brent prices are driving a slightly higher second quarter fuel price versus our previous guidance, we now expect to recapture 40% or more of increased fuel costs in the quarter.
The table below provides JetBlue’s updated investor guidance for the second quarter ending June 30, 2026.
Second Quarter 2026 Outlook Current Guidance Previous Guidance (1)
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Capacity and Revenue
Available Seat Miles ("ASMs") Year-Over-Year 2.0% – 4.0% 1.5% - 4.5%
RASM Year-Over-Year 9.0% - 12.0% 7.0% - 11.0%
Expense
CASM Ex-Fuel (2) Year-Over-Year 3.0% - 5.0% 3.0% - 5.0%
Fuel Price per Gallon (3) $4.26 - $4.36 $4.13 - $4.28
Capital Expenditures ~$225 million ~$275 million
Our estimated effective tax rate is ~6% for the second quarter 2026, primarily reflecting a non-cash impact from a valuation allowance included in our forecasted annual effective tax rate.
(1) Previous guidance as of April 28, 2026.
(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) 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 the forward curve as of May 22, 2026. Includes fuel taxes and other fuel fees.
The information included under this Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 (the “Securities Act”) or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
