The airline raised its fuel cost forecast to $4.26-$4.36 per gallon and revenue growth to 9%-12% year-over-year for Q2 2026.
JetBlue Airways revised its second-quarter 2026 fuel cost forecast upward to a range of $4.26 to $4.36 per gallon, citing rising Brent crude prices. The prior forecast was $4.13 to $4.28 per gallon. Jet fuel prices have surged, with industry data showing near $142 per barrel in late May, up from $85-$90 earlier in the year.
Despite higher fuel expenses, the airline increased its revenue per available seat mile growth forecast to 9%-12% year-over-year, up from 7%-11%. JetBlue expects to offset 40% or more of fuel cost increases through operational performance and strong travel demand across cabins and routes.
The company noted that routes previously served by Spirit Airlines have performed above expectations following Spirit’s shutdown. Early third-quarter booking trends appear encouraging, with a 99.8% completion factor reported for the quarter to date.