JetBlue Airways' Transformation and Cautious 2026 Outlook: Navigating the Investment Narrative

JetBlue Airways' Q4 2025 revenue was $2.24bn and net loss was $177m, with full-year 2025 revenue of $9.06bn and a net loss of $602m. The airline guided to breakeven or better operating profitability in 2026, forecasting lower capacity and revenue per seat mile compared to the prior year. Investors must weigh continued losses against operational improvement and cost discipline, as well as potential risks such as cash burn and execution missteps.