JetBlue cuts capacity to offset rising fuel costs linked to Iran conflict

6 articles · Updated · The Wall Street Journal · Apr 28

JetBlue reported a first-quarter loss of $319 million, or 86 cents per share, and reduced second-quarter capacity by nearly 1 percentage point, with further 2-3 point cuts planned for the second half of 2026.
Average fuel costs rose 15.2% to $2.96 per gallon, with second-quarter prices expected between $4.13 and $4.28. JetBlue aims to recapture 30-40% of fuel costs in Q2 and 100% by early 2027.
Revenue increased 4.7% to $2.24 billion, and Fort Lauderdale operations are driving anticipated capacity growth. Shares fell 2.4% in premarket trading as low-cost airlines continue to struggle with surging fuel expenses.

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