JBLU · JetBlue Q2 FY2026 earnings call record财报电话会记录

“Despite extremely difficult, unpredictable convective weather, coupled with ongoing ATC staffing constraints, our team has shown incredible dedication to our customers and each other.”

“Despite this second half earnings improvement, we plan to continue to maintain a conservative capacity profile given that the geopolitical backdrop remains fluid and fuel remains volatile.”

“Based on this planned trajectory, we expect to achieve 2028 EPS of at least $1 per share, assuming continued demand strength and an average of $3 /gal jet fuel price in 2028.”

“We delivered strong revenue performance in the second quarter, with revenue increasing 10.9% year-over-year, driven by robust consumer demand across our network.”

“Refreshed premium card and strong demand for BlueHouse benefit supported nearly 40% growth in new card acquisitions and 21% higher loyalty remuneration for the quarter.”

“Turning to capital expenditures, we expect third quarter CapEx of approximately $300 million, and full year 2026 CapEx of approximately $850 million, driven primarily by 12 aircraft deliveries this year, the initial spend associated with retrofitting aircraft for BlueFirst, and the incremental LaGuardia slots we recently secured.”

“80% of the settlement will be a reduction in operating expense between now and the end of 2027, and 20% of it will be a reduction to CapEx.”

“At a high level, about 25% of the settlement will impact 2026, and obviously is included in our guide, and then the remainder will hit 2027.”

“Spirit Airlines' liquidation has presented us with a great opportunity to redeploy some of the flying that we see at some of these higher cost airports into Fort Lauderdale, and provide a better experience for customers at a lower price, given the differential in cost that [Blue] has been able to achieve with operating down there.”

“We will be making some changes to the EvenMore cabin because one of the points that we had made was that we have incredible pent-up demand from our existing customers for this product.”

“These continue to grow and impact, obviously, 2027 in our achievement of the $850 million-$950 million EBIT in 2027, and in turn, the EPS target in 2028.”

“25% will hit in 2026 and impact CASM ex-fuel, and then the remainder will hit in 2027.”