JetBlue sinks on deeper-than-expected loss, forecasts higher costs in 2026

America’s sixth-largest airline, JetBlue, reported its fourth-quarter earnings on Tuesday morning.

For the quarter that ended in December, JetBlue reported an adjusted loss per share of $0.49, a deeper loss than the $0.46 figure expected by Wall Street analysts polled by FactSet. Its passenger revenue dropped 2.2% from the year before to $2.05 billion, beating estimates of $2.02 billion. Still, the airline has now posted year-over-year passenger revenue declines for three years in a row.

JetBlue said it expects its costs per seat mile excluding fuel to rise between 3.5% and 5.5% in the first quarter this year, and between 1% and 3% in 2026. The carrier guided for a boost in capacity between 0.5% and 3.5% in the first quarter of 2026, and between 2.5% and 4.5% for the full year.

JetBlue plans to roll out first class seating to its fleet this year, amid an industry-wide premium push.

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