JetBlue Airways Corp, a major American low-cost airline, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company’s financial performance and operational highlights, reflecting the challenges and strategic initiatives undertaken during the period.

Financial Highlights

Total Operating Revenues: $2,322 million, a decrease of 1.8% compared to the same period in 2024, primarily due to a reduction in passenger revenue.

Operating Loss: $100 million, increased from an operating loss of $38 million in the same period in 2024, reflecting higher interest expenses and lower revenue.

Net Loss: $143 million, increased from a net loss of $60 million in the same period in 2024, primarily due to lower revenue driven by softening demand and higher interest expense.

Loss Per Share: $0.39, compared to a loss per share of $0.17 for the same period in 2024, reflecting the increased net loss.

Business Highlights

On-time Performance: The company’s system-wide on-time performance improved to 73.2% in the three months ended September 30, 2025, compared to 70.7% in the same period in 2024, indicating enhanced operational efficiency.

Completion Factor: The completion factor slightly increased to 98.2% for the three months ended September 30, 2025, from 98.1% in the same period in 2024, reflecting a stable operational performance.

East Coast Leisure Network Expansion: The company expanded its presence in Fort Lauderdale, launching 17 new routes and adding frequencies on 12 high-demand routes. Additionally, Mint® service was expanded to Las Vegas, Los Angeles, and Phoenix from Fort Lauderdale.

New Service Launches: New services were announced to Vero Beach and Daytona Beach from New York’s JFK and Boston Logan, along with expanded service from Tampa and Fort Myers to various destinations.

Customer Experience Enhancements: The company enhanced its EvenMore® offering, now available via Global Distribution Systems, and partnered with Amazon’s Project Kuiper to improve onboard Wi-Fi connectivity.

Fleet Transition: The company completed its transition to an all-Airbus fleet by retiring its remaining Embraer E190 aircraft, marking a shift towards a more cost-efficient and customer-focused fleet.

Pratt & Whitney Engine Inspections: Due to FAA-mandated inspections, six aircraft were grounded as of September 30, 2025, with expectations to resolve the issue by the end of 2027.

Future Outlook: The company plans to continue expanding its network and enhancing customer experience, with a focus on maintaining a healthy liquidity position and executing cost discipline to navigate demand volatility.

SEC Filing: JETBLUE AIRWAYS CORP [ JBLU ] – 10-Q – Oct. 28, 2025