Overview

• JetBlue posted an adjusted net loss of $58 million ($0.16 per share) on $2.36 billion in revenue, both exceeding analysts’ forecasts
• The airline recorded a 1.3% adjusted operating margin in Q2, its first positive margin since the previous quarter
• The U.S. Department of Transportation approved JetBlue’s Blue Sky interline alliance with United, allowing reciprocal loyalty point use and slot access at JFK in 2027
• The JetForward turnaround program delivered $90 million in incremental EBIT in the first half, bringing cumulative gains to $180 million under the multi-year plan
• Q2 capacity fell 1.5% year-over-year as unit costs excluding fuel rose 6.0%, prompting further cost cuts that CEO Joanna Geraghty said will delay break-even margins until after year-end