Jetblue Airways 2025 Q1 Earnings Narrowed Losses Amid Revenue Decline

JetBlue Airways (JBLU) reported its fiscal 2025 Q1 earnings on Apr 29th, 2025. The airline's results were mixed, with a revenue miss at $2.14 billion, just shy of the $2.15 billion consensus, and a narrower-than-expected loss per share of 59 cents versus the anticipated 61 cents. The company withdrew its full-year guidance due to macroeconomic uncertainties, reflecting caution in its outlook.

Revenue
JetBlue Airways experienced a 4.2% decline in passenger revenue, totaling $1.97 billion compared to the previous year. Additionally, the company generated $171 million from other revenue streams, contributing to total operating revenues of $2.14 billion.

Earnings/Net Income
JetBlue Airways reduced its net loss by 70.9% to $208 million in Q1 2025, compared to the $716 million loss in Q1 2024. Despite the improvement, the EPS of a 59-cent loss suggests ongoing challenges.

Post-Earnings Price Action Review
Following the earnings report, JetBlue Airways' stock price displayed mixed results across different time frames. The 3-day and 10-day win rates for revenue, net income, and EPS-related events were each 50.08%, indicating a balanced chance of positive movement shortly after the earnings release. However, the 30-day win rate dropped to 46.41%, suggesting a reduced likelihood of sustained positive momentum over a longer period. The maximum return observed was 1.12%, occurring on day 79 post-report, highlighting the modest impact of earnings metrics on long-term stock price movements. Overall, while earnings reports may trigger short-term gains, their long-term influence remains moderate.

CEO Commentary
JetBlue's CEO, Joanna Geraghty, highlighted the company's progress with its JetForward strategy and effective cost management amid economic uncertainties. She noted a decline in booking trends from January to March, leading to an unpredictable outlook for the year. Despite the challenging environment, Geraghty expressed confidence in the long-term strategy and emphasized improvements in customer satisfaction and operational performance.

Guidance
Due to macroeconomic uncertainties, JetBlue has withdrawn its full-year guidance. The airline plans to provide a more detailed update later in the year when visibility improves. The focus remains on achieving breakeven operating profitability and sustained profitability long-term, with expected cost savings in the second half of 2025.

Additional News
JetBlue Airways is currently negotiating a partnership with United Airlines, following the collapse of its Northeast Alliance with American Airlines. This potential partnership aims to enhance customer connectivity and loyalty benefits without coordinating schedules or pricing. Additionally, JetBlue's leadership has seen changes with the appointment of Daniel Blake and Edward Pouthier as Vice Presidents, focusing on customer operations and loyalty. The airline has also expanded its partnership with Japan Airlines, allowing MileBlue members to redeem points on Japan Airlines flights, marking a strategic move to broaden its international reach.