JetBlue Airways (JBLU) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and JetBlue Airways published the results on October 26, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. JetBlue Airways reports EPS two ways: GAAP, under the accounting rules every US filer follows, and excluding special items and gain on investments, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• JetBlue's Q3 2026 special items were a $33 million litigation reserve adjustment, which JetBlue excludes from its adjusted loss per share and adjusted operating margin.
• JetBlue reports one segment, air transportation services. The table above uses the passenger and other revenue lines from its statement of operations.

Source: JetBlue Airways Q3 2026 results, October 26, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How JetBlue Airways splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• JetBlue Airways's Passenger revenue was $2.6 billion in Q3 2026, up 22% from $2.1 billion in Q3 2025, 92% of total revenue.
• JetBlue Airways's Other revenue was $212 million in Q3 2026, up 13% from $187 million in Q3 2025, 8% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The release also tabulates Q4 2026 capacity up 3.0% to 4.0%, RASM up 18.0% to 22.0%, CASM ex-fuel between down 1.0% and up 1.0%, and fuel at $4.64 a gallon.

In its Q3 2026 release, JetBlue Airways said:

“JetBlue expects 1-2 points of 4Q year-over-year operating margin expansion”

“We expect further margin expansion in the fourth quarter despite fuel prices forecasted to be 85% higher than in the same period last year.”

“Our estimated effective tax rate is ~6% for the full year 2026, primarily reflecting a non-cash impact from a valuation allowance included in our forecasted annual effective tax rate.”

“this reinforces our confidence in achieving sustained operating profitability in 2027 and delivering at least $1 EPS and positive free cash flow in 2028.”

Source: JetBlue Q3 2026 release, Oct 26, 2026.

This is the company's own guidance as of Oct 26, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the JBLU forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total operating revenues and diluted loss per share, each as first reported in that quarter's release.

JetBlue Airways's next report is expected around January 26, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 26, 2026

JetBlue Airways' total operating revenues rose 21.1% to $2,812 million in Q3 2026. Passenger revenue was $2,600 million, up 21.8%, and other revenue $212 million. Capacity grew only 2.3%, to 17,268 million available seat miles, so almost all the gain came from price: average fare rose 19.2% to $245.11 and yield per passenger mile rose 21.2% to 18.01 cents. (JetBlue Q3 2026 release, Oct 26, 2026)

JetBlue Airways' release credits higher yields, supported by an upgraded revenue management system, for most of the revenue outperformance, and says both premium and Main cabins grew RASM by double digits. Operating revenue per available seat mile rose 18.4% to 16.28 cents. Fort Lauderdale RASM rose nearly 15% on more than 65% capacity growth, and JetBlue expects its Q4 seat share there to reach about 37%, up 14 points. (JetBlue Q3 2026 release, Oct 26, 2026)

Loyalty is a growing piece. The 10-Q splits out $182 million of loyalty revenue from air transportation (TrueBlue points redeemed for flights) and $148 million of loyalty and related revenue in other revenue, against $142 million and $133 million a year earlier, about 20% growth combined. The release adds that Premier Card acquisitions grew more than eightfold after the card refresh. (JetBlue Form 10-Q, Q3 2026, Oct 26, 2026; JetBlue Q3 2026 release, Oct 26, 2026)

By region, Domestic & Canada produced $1,625 million of revenue, Caribbean & Latin America $988 million and Atlantic $199 million. JetBlue served 29 locations in the Caribbean and Latin America region and nine destinations in Europe, and counts Puerto Rico and the U.S. Virgin Islands in the Latin America figure. Its 10-K lists dependence on the New York metropolitan market and JFK capacity as a risk. (JetBlue Form 10-Q, Q3 2026, Oct 26, 2026; JetBlue Form 10-K, 2025, Feb 12, 2026)

JetBlue Airways lost $0.68 a diluted share in Q3 2026, on a net loss of $257 million, against a loss of $0.39 a year earlier. Excluding special items and gains on investments, the loss was $0.60 a share against $0.40. The quarter's only special item was a $33 million litigation reserve adjustment, which the 10-Q says reflects an updated estimate of probable loss. (JetBlue Q3 2026 release, Oct 26, 2026; JetBlue Form 10-Q, Q3 2026, Oct 26, 2026)

Fuel drove the wider loss. Aircraft fuel expense rose 61.0% to $868 million as the average price paid reached $3.91 a gallon, against $2.49. JetBlue says it recaptured about 87% of the higher fuel cost. CASM ex-fuel rose 7.0% to 11.78 cents, and JetBlue says that includes about four points of disruption-related pressure. The adjusted operating margin was negative 3.9%, slightly better than negative 4.1% a year earlier. (JetBlue Q3 2026 release, Oct 26, 2026)

Below the operating line, interest expense was $149 million and interest income fell to $17 million from $30 million. The income tax benefit shrank to $13 million from $53 million, and JetBlue's full-year 2026 effective tax rate estimate is about 6% because of a non-cash valuation allowance. Weighted average diluted shares rose to 377.3 million from 363.7 million. (JetBlue Q3 2026 release, Oct 26, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

JetBlue Airways publishes a numeric outlook in its release and investor update. For Q4 2026 it guides capacity up 3.0% to 4.0%, RASM up 18.0% to 22.0%, CASM ex-fuel between down 1.0% and up 1.0%, fuel at $4.64 a gallon and capital expenditures of about $300 million. For full year 2026 it guides capacity up 1.5% to 2.5%, RASM up 13.5% to 14.5%, an adjusted operating margin of negative 4.5% to negative 6.5%, and interest expense of about $590 million. (JetBlue Q3 2026 release, Oct 26, 2026; JetBlue investor update, October 26, 2026, Oct 26, 2026)

JetBlue expects 1 to 2 points of year-over-year operating margin expansion in Q4 even with fuel forecast 85% higher than a year earlier. Its longer-range targets are sustained operating profitability in 2027 and at least $1 of EPS and positive free cash flow in 2028. It ended Q3 with $2.2 billion of liquidity, including a $600 million undrawn credit facility. (JetBlue Q3 2026 release, Oct 26, 2026)

A consensus figure is the average of the models published by the analysts who cover JetBlue Airways, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones JetBlue Airways's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning JBLU is on is JBLU a buy or a sell?, what analysts expect next is on the JBLU forecast, and what the company does is on the JetBlue Airways (JBLU) stock page.

Every number on this page can be traced to a document JetBlue Airways published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.