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JetBlue (JBLU) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

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JetBlue Airways (JBLU - Free Report) reported $2.7 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 14.5%. EPS of -$0.66 for the same period compares to -$0.16 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.7 billion, representing a surprise of +0.07%. The company delivered an EPS surprise of +5.71%, with the consensus EPS estimate being -$0.70.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how JetBlue performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Load factor: 82.7% compared to the 83.6% average estimate based on five analysts.
  • Operating revenue per ASM: 15.71 cents versus the four-analyst average estimate of 15.67 cents.
  • Average fuel cost per gallon, including fuel taxes: $4.23 compared to the $4.27 average estimate based on four analysts.
  • Operating expense per ASM: 16.53 cents compared to the 16.82 cents average estimate based on four analysts.
  • Available seat miles (ASMs): 17.17 billion versus 17.18 billion estimated by four analysts on average.
  • Operating expense per ASM, excluding fuel: 11.12 cents compared to the 11.33 cents average estimate based on four analysts.
  • Passenger revenue per ASM: 14.49 cents compared to the 14.58 cents average estimate based on four analysts.
  • Revenue passenger miles (RPMs): 14.19 billion compared to the 14.4 billion average estimate based on four analysts.
  • Fuel gallons consumed: 215.00 Mgal versus the three-analyst average estimate of 218.77 Mgal.
  • Yield per passenger mile: 17.53 cents versus 17.44 cents estimated by three analysts on average.
  • Operating Revenues- Passenger: $2.49 billion versus the five-analyst average estimate of $2.5 billion. The reported number represents a year-over-year change of +14.1%.
  • Operating Revenues- Other: $210 million versus the five-analyst average estimate of $192.85 million. The reported number represents a year-over-year change of +18.6%.

View all Key Company Metrics for JetBlue here>>>

Shares of JetBlue have returned -3.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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