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JetBlue (JBLU) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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JetBlue Airways (JBLU - Free Report) reported $2.81 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 21.1%. EPS of -$0.60 for the same period compares to -$0.40 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.83 billion, representing a surprise of -0.57%. The company delivered an EPS surprise of -9.09%, with the consensus EPS estimate being -$0.55.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: 83.6% versus the five-analyst average estimate of 85.5%.
  • Operating revenue per ASM: 16.28 cents versus 16.32 cents estimated by four analysts on average.
  • Average fuel cost per gallon, including fuel taxes: $3.91 versus the four-analyst average estimate of $3.96.
  • Operating expense per ASM: 17.12 cents compared to the 16.84 cents average estimate based on four analysts.
  • Available seat miles (ASMs): 17.27 billion versus the four-analyst average estimate of 17.33 billion.
  • Operating expense per ASM, excluding fuel: 11.78 cents compared to the 11.77 cents average estimate based on four analysts.
  • Passenger revenue per ASM: 15.06 cents versus 15.16 cents estimated by four analysts on average.
  • Revenue passenger miles (RPMs): 14.44 billion versus the four-analyst average estimate of 14.81 billion.
  • Fuel gallons consumed: 222.00 Mgal compared to the 217.25 Mgal average estimate based on three analysts.
  • Yield per passenger mile: 18.01 cents versus 17.73 cents estimated by three analysts on average.
  • Operating Revenues- Passenger: $2.6 billion versus the five-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of +21.8%.
  • Operating Revenues- Other: $212 million versus $203.36 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change.

View all Key Company Metrics for JetBlue here>>>

Shares of JetBlue have returned -40.3% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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