Loading...
•
Mar 31, 2025
JetBlue Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 31, 2025
Key Takeaways
JetBlue reported a net loss of $208 million and an operating loss of $174 million for the first quarter of 2025. Total operating revenues were $2.14 billion. The company ended the quarter with $2.3 billion in cash and cash equivalents and is focused on executing its multi-year JetForward plan despite near-term revenue uncertainty.
Delivered a strong operation and efficiently executed on costs in the first quarter.
JetForward strategy is ramping well, driving year-over-year improvement in on-time performance and increased customer satisfaction.
Proactively managed capacity with meaningful adjustments to better match supply with demand.
Ended the quarter with $3.8 billion of liquidity, providing runway to continue executing on the JetForward plan.
Revenue by Segment
Forward Guidance
JetBlue expects softened demand for off-peak travel to continue into the second quarter. The company is evaluating all levers to boost profitability and preserve cash, including potential additional capacity reductions and targeted cost savings. Given macroeconomic uncertainty, prior full-year guidance was not re-affirmed.
Positive Outlook
- Commitment to the JetForward plan remains.
- Encouraged by the resiliency of premium revenue.
- Encouraged by the resiliency of international revenue.
- Encouraged by the resiliency of loyalty revenues.
Challenges Ahead
- Booking strength seen in January deteriorated into February and worsened into March.
- Softened demand for off-peak travel is expected to continue into the second quarter.
- Second quarter booking curve is more exposed to macro uncertainty.
- Deteriorating consumer confidence noted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...