JetBlue Forecasts Strong Q2 RASM Growth of 9%-12%, Capacity Up 2%-4%
JBLU sits 42% above its 52-week low of $3.84.
Summary
JetBlue issued comprehensive Q2 2026 guidance, projecting Available Seat Miles (ASMs) to increase 2%-4% year-over-year and Revenue per Available Seat Mile (RASM) to rise a strong 9%-12%. The company expects CASM ex-fuel to be up 3%-5% and fuel price per gallon to be $4.26-$4.36, with an anticipated recapture of 40% or more of increased fuel costs. Demand for travel remains strong across all cabins and geographies, with routes previously operated by Spirit showing outperformance. This guidance provides a mixed outlook, with robust revenue growth potential balanced against persistent cost pressures, following a Q1 2026 net loss of $319 million and a recent credit rating downgrade.
At the time of this announcement, JBLU was trading at $5.44 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2B. The 52-week trading range was $3.84 to $6.50. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.