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NEW YORK - On Tuesday, JetBlue Airways Corp (NASDAQ:JBLU) reported better-than-expected second quarter results, delivering a positive operating margin despite industry challenges. The airline posted a smaller-than-anticipated loss as it continues to advance its multi-year transformation plan.
The carrier’s shares climbed 2.29% in pre-market trading after the release.
JetBlue reported a second quarter loss of -$0.21 per share, significantly better than analysts’ expectations of -$0.33 per share. Revenue came in at $2.4 billion, exceeding the consensus estimate of $2.29 billion. The company achieved a positive operating margin of 0.3% for the quarter, outperforming its guidance ranges for both revenue and costs.
The airline’s stock gained following the results as investors responded positively to the earnings and revenue beat. JetBlue’s adjusted operating margin reached 1.3% for the quarter.
"Despite facing an uncertain economic backdrop, we met or exceeded our financial targets, delivering a modest operating profit for the quarter," said Joanna Geraghty, JetBlue’s chief executive officer. "The momentum we have built since launching our multi-year strategy last summer reinforces our conviction that JetForward is the right plan to return JetBlue to sustained profitability."
Revenue for the quarter decreased 3.0% YoY, while system capacity decreased by 1.5% compared to the same period last year. The airline reported that demand for air travel improved as the quarter progressed, with significant strength in bookings within 14 days of travel and during peak periods.
JetBlue also highlighted progress on its "JetForward" transformation plan, which delivered $90 million in incremental earnings before interest and taxes during the first half of 2025. The company announced that its collaboration with United Airlines, called "Blue Sky," is expected to contribute $50 million more in incremental EBIT than initially planned.
For the third quarter, JetBlue expects available seat miles to range between a 1.0% decrease and a 2.0% increase YoY, with revenue per available seat mile projected to decline between 2.0% and 6.0%.
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