JetBlue Lifts Q2 Fuel Cost Forecast to $4.26-$4.36/Gallon, Signaling Further Profit Pressure
JBLU sits 42% above its 52-week low of $3.84.
Summary
JetBlue has raised its second-quarter fuel cost forecast to $4.26-$4.36 per gallon, up from its earlier projection of $4.13-$4.28. This increase is attributed to rising jet fuel prices and disruptions from the Strait of Hormuz closure. The update follows the company's Q1 2026 results, which reported a $319 million net loss largely driven by increased fuel and operating costs. This continued upward pressure on fuel expenses will further strain JetBlue's already challenged profitability and cash flow, reinforcing the negative outlook that led to Fitch's recent 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 negative market sentiment and an importance score of 8 out of 10. Source: Reuters.